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Four high-ranking sources in the US government told Reuters about large-scale concessions made by China in the technology sector during trade negotiations with the United States. In particular, this is a move away from forcing US companies operating in China to transfer technology. Sources noted that, compared with the proposals of the Chinese side a month ago, their new version is a significant step forward. On March 28, the representatives of the United States and China continued to work on the text of the trade agreement. According to the representative of the Ministry of Commerce of China, Gao Feng, in recent weeks they have managed to make significant progress in this direction, but there is still much to be done and agreed upon. Another round of discussions will be held in Washington next week.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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