Alexa

Under Biden, China faces renewed trade pressure

The U.S.-Chinese trade war isn’t going away under President Joe Biden. Biden won’t confront Beijing right away, economists say, because he wants to focus on the coronavirus and the econ...

Chinese investors can soothe Xiaomi’s U.S. pains

It’s good to be able to turn to friends for support. Chinese phone maker Xiaomi lost some $10 billion in market value following its addition to a U.S. blacklist of companies deemed to have milit...

Trump administration takes final swipes at China and its companies

The Trump administration in its waning days took another swipe at China and its biggest firms on Thursday (Jan. 14), imposing sanctions on officials and companies for alleged misdeeds in the South Chi...

Biden likely to improve ties with Asia, end 'silly trade war': Mahathir

After four years of dealing with U.S. President Donald Trump, Asia can expect President-elect Joe Biden to improve ties with traditionally supportive nations and end a “silly trade war” wi...

Taiwan sets 2021 economic growth target at 9-year high of 4.2%

TAIPEI (Taiwan News) — The economy could grow in 2021 by up to 4.2 percent, a nine-year, high despite the coronavirus (COVID-19) pandemic, the Cabinet-level National Development Council (NDC) pr...

Taiwan's central bank highlights uncertainties in 2021 global economy

TAIPEI (Taiwan News) — Taiwan's central bank is expecting a slow global economic recovery in 2021 due to major uncertainties associated with the coronavirus pandemic and the escalating trade...

Taiwanese-American Katherine Tai expected to be nominated as US trade envoy

[Update: December 11 at 10:20] U.S. President-elect Joe Biden on Thursday (Dec. 10) announced his decision to name Katherine Tai as the U.S. trade representative. Despite her Democratic affiliation...

Taiwan's Foxconn to move some Apple production from China to Vietnam

TAIPEI (Taiwan News) — Apple is reportedly asking Foxconn (富士康), its largest Taiwanese contract manufacturer, to shift some production of iPad and MacBook products to Vietnam and lessen the tech...

Joe Biden is hardly the free trader Asia is hoping for

President Donald Trump has upended US trade policy like few of his predecessors, weaponizing tariffs not only to hit back against countries, which he deemed gave their producers an unfair advantage at...

Pandemic and protests — Thailand's double whammy

A chain of hotels, a newly-opened restaurant in Phuket and a popular eatery on the outskirts of capital Bangkok: Pornprom Sangkasuk was a man of wealth. Then COVID-19 happened. His hospitality busine...

TSMC says US-China deleveraging could increase semiconductor costs

TAIPEI (Taiwan News) — As the U.S. and China seek to shift their supply chains amid ongoing trade tensions, the effects on the semiconductor industry could lead to increased costs and a restrict...

WTO finds Washington broke trade rules by putting tariffs on China; ruling angers U.S.

The World Trade Organization found on Tuesday (Sept. 15) that the United States breached global trading rules by imposing multibillion-dollar tariffs in President Donald Trump's trade war with Chi...

Japanese Prime Minister Shinzo Abe to resign: reports

Japanese Prime Minister Shinzo Abe is set to resign over health issues, local media said on Friday. "Abe intends to resign as his illness has worsened and he worries it will cause trouble" ...

Top US, Chinese officials optimistic on Phase 1 trade deal after phone call

Top U.S. and Chinese officials, who spoke by phone on Monday, see progress on resolving issues over the Phase 1 trade deal reached in January and both sides are committed to the success of the agreeme...

Japan's Mitsubishi Chemical to expand in Taiwan as TSMC maintains strong growth momentum

TAIPEI (Taiwan News) — Thanks to strong growth momentum in Taiwan's semiconductor foundry sector, Japan's largest chemical corporation is said to be set to build a new plant in the count...