Secretary of State Antony J. Blinken will meet with China’s leader, Xi Jinping, in Beijing on Friday, in an attempt to hold together a fractious relationship despite disputes over the economy, national security and geopolitical frictions in East Asia, the Middle East and Ukraine. Both China and the United States have said they were hoping […]
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A factory in Moses Lake, Wash., that shut down in 2019 will soon resume shipping a critical ingredient used in most solar panels that for years has been made almost exclusively in China. The revival of the factory, which is owned by REC Silicon, could help achieve a longstanding goal of many American lawmakers and […]
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Secretary of State Antony J. Blinken cheered on the sidelines at a basketball game in Shanghai on Wednesday night, and spent Thursday chatting with students at New York University’s Shanghai campus and meeting American business owners. It all went to emphasize the kind of economic, educational and cultural ties that the United States is pointedly […]
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On the outskirts of Chongqing, western China’s largest city, sits a huge symbol of the country’s glut of car factories. It’s a complex of gray buildings, nearly a square mile in size. The thousands of employees who used to work there have moved on. Its crimson loading docks are closed. The facility, a former assembly […]
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Less than a year ago, CubicPV, which manufactures components for solar panels, announced that it had secured more than $100 million in financing to build a $1.4 billion factory in the United States. The company planned to produce silicon wafers, a critical part of the technology that allows solar panels to turn sunlight into electrical […]
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China’s car shipments to foreign markets have quintupled in the past four years. Its solar panels dominate global markets. Even exports in labor-intensive industries like furniture making, which China was once expected to lose to lower-wage countries, are surging. American and European leaders have become increasingly vocal that a flood of Chinese exports is swamping […]
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President Biden’s trillion-dollar effort to invigorate American manufacturing and speed a transition to cleaner energy sources is colliding with a surge of cheap exports from China, threatening to wipe out the investment and jobs that are central to Mr. Biden’s economic agenda. Mr. Biden is weighing new measures to protect nascent industries like electric-vehicle production […]
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New John Deere tractors made their way last week through the sprawling port of Brunswick, Ga., their distinctive green paint glinting in the sunshine. Stevedores drove the tractors up a ramp into the belly of the Leo Spirit, a ship that would take them to Asia. As orderly as everything looked, the tractor convoy was […]
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President Biden on Wednesday will call on his trade representative to more than triple some tariffs on steel and aluminum products from China, as part of a series of moves meant to help cushion American manufacturers from a surge of low-cost imports. Speaking to the United Steelworkers Union in Pittsburgh, Mr. Biden will ask the […]
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Meeting outside Paris last week, top officials from France, Germany and Italy pledged to pursue a coordinated economic policy to counter stepped-up efforts by Washington and Beijing to protect their own homegrown businesses. The three European countries have joined the parade of others that are enthusiastically embracing industrial policies — the catchall term for a […]
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The global economy is approaching a soft landing after several years of geopolitical and economic turmoil, the International Monetary Fund said on Tuesday. But it warned that risks remain, including stubborn inflation, the threat of escalating global conflicts and rising protectionism. In its latest World Economic Outlook report, the I.M.F. projected global output to hold […]
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When Germany’s chancellor, Olaf Scholz, took office in 2021, he pledged that his government would shift his country’s relationship with China away from one of economic dependence. Three years later, talk of scaling back reliance on China has been replaced with calls for equal access to China’s market for foreign firms. That strategy puts the […]
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The Chinese economy grew strongly in the first three months of the year, new data shows, as China built more factories and exported huge amounts of goods to counter a severe real estate crisis and sluggish spending at home. To stimulate growth, China, the world’s second-largest economy, turned to a familiar tactic: investing heavily in […]
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Arthur Mensch, tall and lean with a flop of unkempt hair, arrived for a speech last month at a sprawling tech hub in Paris wearing jeans and carrying a bicycle helmet. He had an unassuming look for a person European officials are counting on to help propel the region into a high-stakes match with the […]
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Zwickau, a city in Germany’s east, may not be as famous as Detroit, but its economy has revolved around internal combustion engines since August Horch established Audi here at the beginning of the 20th century. So when Volkswagen announced in 2018 that it would convert its Zwickau factory, the largest private employer in the area, […]
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The Republican House speaker, Mike Johnson, has brought a glimmer of hope to supporters of the Ukrainian war effort. He suggested to Fox News on March 31 that he would try to rally his divided party behind the so-called REPO Act. That piece of legislation would allow President Biden, working with European allies, to seize […]
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Four days of top-level economic meetings between the United States and China concluded in Beijing on Monday with no major breakthroughs, but the world’s two largest economies agreed to hold more discussions to address rising friction over trade, investment and national security. The conversation is poised to become even more difficult, however, as hopes of […]
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Treasury Secretary Janet L. Yellen confronted her Chinese counterpart about China’s surging exports of inexpensive electric vehicles and other green energy goods, saying that they were a threat to American jobs and urging Beijing to scale back its industrial strategy, the U.S. government has said. Ms. Yellen also warned her counterpart, Vice Premier He Lifeng, […]
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After three hours of meetings on Friday, Treasury Secretary Janet L. Yellen and Vice Premier He Lifeng of China sat down for a working dinner at the White Swan Hotel in Guangzhou, China. They planned to follow that with a scenic boat cruise along the city’s Pearl River. The evening activity was intended to give […]
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When Treasury Secretary Janet L. Yellen traveled to Beijing last summer, her mission was to re-establish a dialogue between the world’s largest economies and stabilize a relationship that appeared to have reached rock bottom. The United States and China created formal economic working groups to keep the conversation going. Months later, Ms. Yellen met with […]
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Treasury Secretary Janet L. Yellen will make her second trip to China this week for high-level talks aimed at further stabilizing the relationship between the world’s largest economies as political rancor in the United States intensifies ahead of the presidential election. During four days of meetings in Guangzhou and Beijing, Ms. Yellen plans to meet […]
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With no windows, the gloomy, gray building looming four stories above the rice fields in a remote village in Indonesian Borneo resembles nothing more than a prison. Hundreds of similar concrete structures, riddled with small holes for ventilation, tower over village shops and homes all along Borneo’s northwestern coast. But these buildings are not for […]
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For more than half a century, the handbook for how developing countries can grow rich hasn’t changed much: Move subsistence farmers into manufacturing jobs, and then sell what they produce to the rest of the world. The recipe — customized in varying ways by Hong Kong, Singapore, South Korea, Taiwan and China — has produced […]
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Narendra Modi has big money behind him as he appears set to win a third term as India’s prime minister. His party has collected more political cash than the others combined, and the country’s richest business leaders support him. The campaign is fueled partly by a winning story Mr. Modi tells about India’s economy, some […]
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Gazing out from his 265-acre farm to the silhouetted Jura mountains in the distance, Jean-Michel Sibelle expounded on the intricate secrets of soil, climate and breeding that have made his chickens — blue feet, white feathers, red combs in the colors of France — the royalty of poultry. The “poulet de Bresse” is no ordinary […]
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