DW

With tariffs on Chinese products high, US importers are turning to other countries. A DW analysis shows where Americans are now buying their cell phones, computers, furniture and clothing from instead.

Dung Trans’ business is booming: “Last year, we added a second floor to our factory. And now I’m looking at a new site four times larger than the current one.” For his company, the ongoing trade dispute between China and the United States has been a boon. And he is not alone.

By Ben Westcott and Jennifer Hansler, CNN Business

Updated 0541 GMT (1341 HKT) October 22, 2020

(CNN Business) The United States government has labeled six more Chinese media companies operating in the US as foreign missions in the latest round of tit-for-tat between Beijing and Washington over restrictions on journalists.US Secretary of State Mike Pompeo announced the decision at a press briefing on Wednesday, saying that the six media companies were “substantially or effectively controlled by a foreign government.””We’re not placing any restrictions on what these outlets can publish in the United States,” Pompeo said. “We simply want to ensure that American people, consumers of information, can differentiate between news written by a free press and propaganda distributed by the Chinese Communist Party itself. They’re not the same thing.”The US operations of Yicai Global, Jiefang Daily, Xinmin Evening News, Social Sciences in China Press, Beijing Review and Economic Daily will all be affected by the decision, according to a release from State Department spokesperson Morgan Ortagus.

Alan Crawford, DebWu, Colum Murphy and Ian KingFri, October 23, 2020, 12:42 AM GMT+7·11 mins read. Yahoo!Finance

(Bloomberg) — On a scorching hot day in late August, representatives of Taiwan’s government and industry crowded into the clinical cool of a state-of-the-art semiconductor facility for a symbolic moment in the global tech conflict.

US-China frictions and the threat of American financial sanctions have renewed debate in Beijing about reducing dependence on the US dollarChina cut its holdings of US government debt to US$1.07 trillion in late August, the lowest level since March 2017, the US Department of Treasury says

Frank Tang in Beijing

Published: 12:00am, 21 Oct, 2020 SCMP

China has long tried to undermine the US dollar’s dominant role in the international monetary system, despite the fact that the bulk of its reserves are in dollar-denominated assets. Photo: Reuters

China may be speeding up the diversification of its foreign exchange reserves away from US dollar assets in response to potential American financial sanctions, but there are clear limits on how far it can go in its de-dollarisation push, according to analysts.China has long tried to undermine the US dollar’s dominant role in the international monetary system, despite the fact that the bulk of its reserves are in dollar-denominated assets.

Chinese Foreign Ministry spokesman Zhao Lijian (Photo: Reuters)

3 min read. Updated: 20 Oct 2020, 09:20 PM IST Elizabeth Roche, livemint.com

• ‘There is only one China in the world, and Taiwan is an inalienable part of Chinese territory,’ says Chinese foreign ministry spokesman Zhao Lijian
• The comments come against the backdrop of tensions between India and China along their common border in Ladakh

NEW DELHI: China on Tuesday warned India against launching any talks with Taiwan on trade saying such a move would be violative of the one China policy New Delhi has so far supported.