China made 40 face masks for every person around the world
China’s export dominance during the coronavirus pandemic is best reflected by the item that’s become essential in protecting against the virus: face masks.
Surging shipping rates pose new headwind for the global economy
Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery just…
Xi asks Starbucks’s Schultz for help mending US-China ties
President Xi Jinping called on Starbucks Corp. to help improve China-U.S. ties, striking a business-friendly tone as the Biden administration prepares to take over in…
Millions of dollars of artworks left UK before Brexit cutoff
Among the thousands of trucks backed up in Dover last month trying to get across the Channel, one was carrying a painting by Henri Matisse.…
Commerce adds China National Overseas Oil Corporation to the entity list and Skyrizon to the military end-user list
Today, the Bureau of Industry and Security (BIS) in the Department of Commerce (Commerce) added Chinese National Overseas Oil Corporation (CNOOC) to the Entity List…
US bans Xinjiang cotton products, tomatoes over forced labor
The U.S. will bar entry of all cotton products and tomatoes from China’s Xinjiang region, where it says Beijing is oppressing Muslim-minority Uighurs.
US says Austria, Spain, U.K. digital taxes are discriminatory
The U.S. added Austria, Spain, and the U.K. to the string of countries it says are discriminating against American companies through their decisions to tax…
US-China decoupling raises risks for European firms
European businesses operating in China are facing rising costs and uncertainty as they grapple with economic decoupling between the U.S. and its Asian rival.
NASA scientist admits to lying in China trade secrets case
A senior NASA scientist admitted to lying to authorities about his participation in a program the U.S. says is designed to siphon intellectual property to…
Commerce Secretary signs MOU establishing US Trade Zone in Kingdom of Bahrain
Yesterday, The U.S. Department of Commerce and the Ministry of Industry, Commerce and Tourism of the Kingdom of Bahrain signed of a Memorandum of Understanding…
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