Since the end of World War II, the International Monetary Fund and the United States have been the world’s lenders of last resort, each wielding broad influence over the global economy. Now a new heavyweight has emerged in providing emergency loans to debt-ridden countries: China. New data shows that China is providing ever more emergency […]
Read More
WASHINGTON — House Republicans on Thursday released financial records showing that Hunter Biden and other relatives of President Biden received more than $1 million in 2017 from an associate who had entered into a business deal with a Chinese energy company, as they hunted for evidence that the president and his family have profited improperly […]
Read More
The small-town mayor, long a loyal foot soldier for Hungary’s governing party, recently committed what he described as “political suicide,” throwing himself in the path of an enormous $7.8 billion Chinese battery factory project promoted by his dissent-intolerant prime minister, Viktor Orban. “It is like lying in front of a steamroller,” Zoltan Timar, the mayor […]
Read More
WASHINGTON — The Biden administration wants TikTok’s Chinese ownership to sell the app or face a possible ban, TikTok said on Wednesday, as the White House hardens its stance toward resolving national security concerns about the popular video service. The new demand to sell the app was delivered to TikTok in recent weeks, two people […]
Read More
WASHINGTON — President Biden plans to announce on Monday a landmark agreement with the leaders of Britain and Australia to develop fleets of nuclear-powered attack submarines that the three nations would use to strengthen their naval forces across the Asia-Pacific region as China bolsters its own navy. The purchase and training agreements on submarines amount […]
Read More
I spoke to two U.S. senators on opposite sides of the aisle — Chris Van Hollen, a Maryland Democrat, and Rick Scott, a Florida Republican — who in September announced they were sponsoring a bill “to protect American investors from risky investments in variable interest entities.” “On 99 percent of issues, I’m not aligned at […]
Read More
When Russia invaded Ukraine, a phalanx of Western companies pledged to get out fast from what had once been an important market. McDonald’s dismantled its golden arches after 32 years. The oil giant BP moved to divest its mammoth Russian investments. The French automaker Renault sold its factories for the symbolic sum of one ruble. […]
Read More
WASHINGTON — Republicans and Democrats are pressing for major legislation to counter rising threats from China, but mere weeks into the new Congress, a bipartisan consensus is at risk of dissipating amid disputes about what steps to take and a desire among many Republicans to wield the issue as a weapon against President Biden. In […]
Read More
For years, budding Israeli tech executives have asked Yanki Margalit, a veteran entrepreneur, where they should start their fledgling companies. For years, he’s offered the same advice: Here, in Israel, where software engineers are plentiful, international investors are eager and friends and family live. But as Mr. Margalit prepares a new venture of his own, […]
Read More
Latvian roofing companies and South Korean trade specialists. Fuel cell manufacturers from Denmark and timber producers from Austria. Private equity titans from New York and concrete plant operators from Germany. Thousands of businesses around the globe are positioning themselves for a possible multibillion-dollar gold rush: the reconstruction of Ukraine once the war is over. Russia […]
Read More
The decoupling of Chinese and local interests, according to Mr. Hala, the Prague-based China scholar, began with the realization that Chinese investment was “not just free money falling from the sky.” In the Czech Republic, this became clear in 2018, when CEFC China Energy, which had spent more than $1 billion on deals in the […]
Read More
Others say that China has access to plenty of other sources of funding worldwide, and that cutting off access would prevent U.S. companies from benefiting from Chinese innovations. “Getting the details right on outbound investment screening is easier said than done,” said Rory Murphy, the vice president of government affairs for the U.S.-China Business Council. […]
Read More
The share of United States farmland owned by Chinese people and companies is small and has not been growing substantially. Chinese owners held about 350,000 acres at the end of 2020, according to a U.S. Department of Agriculture report, and most of the farmland came from the Chinese acquisition of Smithfield Foods in 2013. Canadian […]
Read More
Bill Chan had never set foot anywhere in Mexico, let alone the lonely stretch of desert in the north of the country where he abruptly decided to build a $300 million factory. But that seemed a trifling detail amid the pressure to adapt to a swiftly changing global economy. It was January 2022, and Mr. […]
Read MoreWhen the U.S. defense secretary, Lloyd J. Austin III, visited Indonesia in November, he pressed his counterpart there about a deal to buy 36 American fighter jets. He left without an agreement. Just days before, the same Indonesian official, Prabowo Subianto, met with China’s defense minister, and the two countries pledged to resume joint military […]
Read More