• US-China investments plunge to lowest level in nearly a decade

    11 days ago - By RT

    A new report by Rhodium Group shows that investment between the United States and China in the first half of the year tumbled to an estimated $10.9 billion, from $26 billion at its 2016 peak.
    According to research conducted together with the non-profit National Committee on US-China Relations, a single purchase accounted for the lion's share of the $4.7 billion directly invested by Chinese companies into the US. That's when tech giant Tencent paid $3.4 billion in March for a minority stake in Universal Music Group.
    The authors of the report noted that the fall-off was due to the...
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  • A deal between TikTok and US-based Oracle will need Beijing's approval, the app's owner ByteDance said

    A deal between TikTok and US-based Oracle will need Beijing's approval, the app's owner ByteDance said

    11 days ago - By Business Insider

    Summary List Placement
    Beijing will need to approve a proposed partnership between video app TikTok and US tech firm Oracle before it goes ahead, the app's Chinese owner ByteDance said Thursday.
    The proposed deal, submitted to the Trump administration on Monday , involves the American company becoming ByteDance's "trusted technology provider," and moving TikTok's global headquarters to the US.
    ByteDance wants to keep hold of its share of the video-sharing app as part of a deal it submitted to the US government on Monday, The Wall Street Journal reported on Tuesday. President Donald Trump...
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  • Outgoing US ambassador to China to help Republican campaigns

    Outgoing US ambassador to China to help Republican campaigns

    11 days ago - By Chron

    BEIJING - Outgoing U.S. Ambassador to China Terry Branstad said he will help Republicans campaigning in his native Iowa after returning home next month.
    Branstad also told Hong Kong's Phoenix TV that he considered the “phase one” trade deal between China and the U.S. as the biggest achievement of his three years in China.
    Branstad, 73, said he will work on behalf of President Donald Trump, Sen. Joni Ernst and others, but not in any official role.
    “My son is very involved in campaign, and I will be a volunteer to help him, to help Joni Ernst and other friends for the election in Iowa. But I...
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  • The US will reportedly sell Taiwan $7 billion worth of mines, cruise missiles, and drones, amid concerns about China's growing military presence

    The US will reportedly sell Taiwan $7 billion worth of mines, cruise missiles, and drones, amid concerns about China's growing military presence

    11 days ago - By Business Insider

    Summary List Placement
    Taiwan will reportedly receive billions of dollars' worth of weapons from the US government, amid concerns that China poses a renewed military threat to the island nation.
    The planned deal, which includes mines, cruise missiles, and drones , would amount to $7 billion, making it the second-largest arms deal between the US and Taiwan, a person with knowledge of the matter told the Financial Times .
    Last year, the Taiwanese government agreed an $8 billion arms deal with the Trump administration.
    Taipei, the capital of Taiwan, has warned that China is stepping up its...
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