Yet trade disputes and so-called tech frictions between the world's two largest economies are only to harm each other and the global economy, leaving countries like South Korea and Japan suffering greatly from plummeting chip sales to China, he added. "It could only get worse if the US cont...
In line with the consensus reached by the two heads of state, working groups from both countries have maintained communications over the past months, and made progress in fields such as politics, diplomacy, the economy, trade, finance, law enforcement, anti-drug cooperation, climate change and p...
Obviously, the US and China, with a combined economy of 40 percent of the world's GDP, cannot afford to be at loggerheads in all things anymore, as it has not only been hampering the economic growth of both countries, and of all other APEC members, but also of the rest of the world...
"The Bay State excels in innovation, with the highest share of high-tech jobs and a leading number of patents per capita," Happe said. "These attributes make Massachusetts a key player in driving the national economy forward." 4. Texas In fourth place, Texas benefits from a diverse and l...
During the trip, "it cannot be ruled that the two sides can make some progress in the area of financial and macroeconomic policies," Gao said, noting that both sides share a common interest in coordinating macroeconomic policies. Or at least that is the hope of many in the financial industr...
The US is the overwhelming center of gravity for all things advertising—and it will remain that way, even though 2023 will see a slight share drop for the country across various metrics. By the end of next year, the US shares of total and digital ad spending will increase o...
With respect to assessment of what kind of industrial policy China will adopt, 60% of respondents believed that China should focus on expanding the market share of premium domestic products; 24.8% of respondents believed that China should continue to expand its international market share; and 11.2...
In the case of Argentina, China is Argentina's second-largest trading partner and the bilateral currency swap agreement has helped ease the South American country's foreign currency shortage. Moreover, China and Argentina share high economic complementarities, which is the fundamental reason why the...
China urged the United States on Monday to share its epidemic information and data with the World Health Organization and the international community in a timely, open and transparent manner as XBB.1.5, a new Omicron sub-variant, is quickly becoming the dominant strain in the US. ...
as the world struggles for growth, the Ukraine crisis drags on and the spillover effect of the abrupt escalation of the Palestinian-Israeli situation keeps growing," Xie said, noting that the relations between China and the US also encountered unprecedented difficulties in the first half of last...