China vs. United States: A Tale of Two Economies

Source: Visual Capitalist     While comparable in total size, the makeup of each economy is totally different. United States is a sophisticated and highly diversified economy that is based on services, finance, and consumption from the middle class. China has similar aspirations in the future, but right now it is resource-intensive growth engine making the transition……

Apple iPhone and Samsung fakes among HK$1 million counterfeit haul seized in raid on Hong Kong repair shop, which also served clients in United States, United Kingdom and Australia

A Hong Kong repair shop accused of using counterfeit parts to fix broken devices such as Apple iPhones for international clients has had HK$940,000 (US$120,000) worth of fake goods seized in a raid, customs officials said on Wednesday.The director and manager of a local company running the operation were arrested around lunchtime on Tuesday, when…

Chinese woman’s secret arrest in United States hints at wider sanctions probe

United States authorities were sitting on a sensitive secret last December when Canada detained a top Huawei Technologies executive on alleged US sanctions violations.Two months earlier, the US had arrested another Chinese national on similar suspicions and was holding the woman at a grim jail in Washington, DC. An employee of an unidentified Chinese technology…

Why the United States is taking aim at China as crisis engulfs Venezuela

As tens of thousands of anti-government protesters clashed with security forces on the streets of Venezuela this week, the pressure was not only on the regime of embattled authoritarian leader Nicolas Maduro.Further north in Washington, the administration of US President Donald Trump was taking aim at China, Maduro’s biggest backer and an increasingly important player…

United States sends two warships through Taiwan Strait

The US military said it sent two navy warships through the Taiwan Strait on Sunday as the Pentagon increases the frequency of movement through the strategic waterway despite opposition from Beijing.The voyage is likely to be viewed by self-ruled Taiwan as a sign of support from the Trump administration amid growing friction between Taipei and…

China and Russia agree with United States on Afghanistan troop withdrawal

The United States on Friday agreed with rivals Russia on China on a goal of withdrawing foreign forces from Afghanistan, a key component of a peace deal being negotiated by Washington.Zalmay Khalilzad, the US envoy negotiating with the Taliban, met Russian and Chinese representatives in Moscow to try to reach an international consensus to end…

United States ‘disappointed’ by convictions of Hong Kong’s Occupy democracy protest leaders, warns against erosion of city’s governing formula

The United States has said it is disappointed by the convictions of nine leaders from Hong Kong’s 2014 Occupy protests and warned that “continued erosion” of the one country, two systems governing formula would risk the city’s special international status.The US Department of State also said it was closely monitoring a proposed amendment to the…

United States ‘disappointed’ by convictions of Hong Kong’s Occupy democracy protest leaders, warns against erosion of city’s governing formula

The United States has said it is disappointed by the convictions of nine leaders from Hong Kong’s 2014 Occupy protests and warned that “continued erosion” of the one country, two systems governing formula would risk the city’s special international status.The US Department of State also said it was closely monitoring a proposed amendment to the…

United States under Trump is veering away from China’s belt and road

When the curtain raises on the second Belt and Road Forum in Beijing on Thursday, 40 foreign leaders and thousands of delegates from more than 100 countries will be there to witness China’s most important diplomatic event of the year.The one noticeable absentee will be China’s largest trading partner, the United States, whose attitude towards…

China, United States to hold trade talks in Beijing next week, White House says

US negotiators led by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing next week, the White House said, as the two sides work to reach a draft agreement to end their trade dispute.Talks starting on Tuesday “will cover trade issues including intellectual property, forced technology transfer, non-tariff barriers, agriculture, services,…