U.S. President Barack Obama and Chinese President Xi Jinping, at odds over China's increasing assertiveness in Asia and issues such as cyberspying, plan a followup to their informal summit in California last year after November's APEC summit in Beijing.
China will accelerate Bilateral Investment Treaty (BIT) talks with the US, said Chinese President Xi Jinping during the sixth round of China-US Strategic and Economic Dialogue in Beijing on Wednesday. Read more...
BEIJING (AP) — The United States and China vowed Wednesday to improve their economic and security cooperation, saying they wouldn't let persistent differences over maritime claims, cyberhacking and currency hamper a relationship critical to global peace and prosperity. Read more...
In his first public address on the U.S.-China relationship since taking up the post of U.S. ambassador, Max Baucus said Wednesday that “the U.S. welcomes China’s rise” and that his priorities include pushing for a [...]
Walt Disney Co. had little trouble raising money for its $4.4 billion Shanghai theme park after winning approval in 2009, as a dozen Chinese banks offered $2 billion of loans and promised more. Foreign lenders, limited in how much funding they can provide, watched from the sidelines. The deal size was beyond their reach. Read more...
China’s gross-domestic-product growth has fallen below its target of 7.5% for 2014. With a glut of new construction and a mounting overhang of debt, Beijing’s new “mini-stimulus” program is aimed at weaning China from past excesses by pumping up domestic consumption and the services sector. Read more…
China needs to speed progress towards a more open economy despite potential fallout from needed reforms, U.S. Treasury Secretary Jack Lew said on Wednesday. Read more...
China pledged on Friday to push ahead with a broad range of capital market reforms as it seeks to encourage more efficient capital allocation, increase foreign investment and improve transparency of its markets. Read more…
Six months into China's grand economic makeover, Beijing is playing it safe, choosing gradual progress on many fronts over game-changing, riskier reforms such as removing all controls over bank interest rates. Read more...
The US is on the brink of losing its status as the world's largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world's leading statiscal agencies. Read more...
