Companies in China's manufacturing hub of Shenzhen are already having to adjust to higher labor costs, electricity bills and taxes, but many say restrictive trade policies threatened by U.S. president Donald Trump are their primary concern for 2017.
Chinese sovereign wealth fund China Investment Corporation (CIC), with over US$800 billion under management, plans to invest in infrastructure projects in the U.S. as President-Elect Donald Trump calls for a fiscal expansion package to stimulate the world's largest economy.
Alibaba said Monday it would create one million jobs in the U.S. in five years by helping small businesses sell products and services to China, the world’s largest consumer market, and across the rest of Asia.
While China is nowhere close to meeting the current criteria to be labeled a currency manipulator nation, incoming U.S. President Donald Trump and his administration may choose to label China a manipulator in order to bring it back to the trade negotiations table, according to a report by BofA Merrill Lynch Global Research. It is increasingly difficult to dismiss concerns that President-elect Trump will adopt protectionist trade policies. In recent Twitter posts, Mr. Trump disapproved of the yuan's depreciation and implied that China could be named a currency manipulator country after his inauguration later this month. Compared to imposing a universal 45% tariff on imports from China, which has legal hurdles and would almost certainly face Chinese retaliation, BofA Merrill believes a more likely measure would be to label China as a currency manipulator. Each year, the U.S. Treasury Department conducts reviews in April and October to determine which country on its monitoring list, including China, Japan, Germany, South Korea, Taiwan and Switzerland, will be named a currency manipulator. Under rules adopted by the Obama Treasury, China is not considered a currency manipulator as it fails to meet two of three conditions. China only meets one condition, which is a bilateral …
A month before his official inauguration, Donald Trump is already tossing diplomatic grenades in China’s direction. It is a sign of things to come. 2017 is shaping up to be a highly eventful, taut and precarious year for China-U.S. relations. This is partly due to a simple scheduling coincidence.