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Also in this newsletter: Yellen optimistic on US-China relations, Dimon warns on interest rates, social class in the workplace
Rusting hulk of Philippine vessel Sierra Madre grounded on disputed reef has become potential US-China flashpoint
Treasury secretary points to intensified diplomacy between Washington and Beijing at end of six-day visit to country
US treasury secretary delivers message to vice minister He Lifeng during meetings in Guangzhou
Trade barriers not ruled out by Treasury secretary ahead of talks with Beijing officials
Act aims to impose penalties on funds that track indices that include Chinese companies
How Malaysia is making the most of the rivals’ battle for global tech supremacy
US and Chinese leaders discuss Taiwan, TikTok and sanctions among other issues in nearly two-hour long discussion
Beneficiaries of the old paradigm of US financialisation are beginning to express doubts over what it has achieved
Chinese leader sought to persuade visiting businessmen that country still a good investment
Zhao Leji’s comments a veiled rebuke of US efforts to strengthen alliances in region
US Treasury secretary tells Beijing its trade practices will distort markets and harm workers
Beijing seeks to revive investor confidence as concerns mount about oversupply and potential dumping
Department of Justice says critics of Beijing among targets of multiyear espionage campaign
Critics say Biden administration risks losing race to mine resources in international waters
Microsoft’s Windows and foreign database programs also sidelined as Beijing favours Chinese hardware and software
WuXi AppTec’s business in America under threat by proposed national security legislation
Top experts warn existential threat from AI requires collaboration akin to cold war efforts to avoid nuclear war
A serious bill would restrict the sale of data collected by any social media app, regardless of who owns it
Parent company ByteDance on track to become world’s biggest social media group with $120bn in global sales
TikTok bill in Washington impedes path to exit investments after IPO market fizzles
Beijing urges Washington to ‘stop unfairly suppressing foreign companies’
Measure passes with bipartisan support despite intense lobbying and will now head to Senate
Domestic industry wants stronger tariffs as subsidies have not done enough to ward off Chinese competition
President expected to back trade investigation as industry becomes 2024 election issue
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