Tag

Uschinatensions

All articles tagged with #uschinatensions

politicsinternational-relations2 years ago

"China Hits Five US Arms Firms with Sanctions Over Taiwan Sales"

China announced sanctions against five U.S. military manufacturers in retaliation for a recent U.S. arms sale to Taiwan. The sanctioned companies include BAE Systems Land and Armaments, Alliant Techsystems Operations, AeroVironment, Viasat, and Data Link Solutions. These measures are a response to a $300 million U.S. deal to support Taiwan's tactical information systems, which China claims undermines its sovereignty and threatens peace in the Taiwan Strait. The sanctions will involve asset freezes and prohibitions on Chinese entities engaging with the targeted companies. This move comes just before Taiwan's presidential and parliamentary elections on January 13.

business-and-economy2 years ago

"Foreign Investors Retreat from Chinese Stocks Amid Economic Downturn"

Foreign investors are increasingly selling off their assets in China and are expected to continue this trend into 2024, influenced by China's restrictive economic policies and the US's efforts to reduce dependency on Chinese supply chains. Despite President Xi Jinping's recognition of the importance of foreign capital, stringent regulations and a greater role for the Communist Party in the economy are deterring investment. While there has been a recent uptick in foreign capital into Chinese equities and bonds, the overall outlook remains cautious due to ongoing regulatory crackdowns and geopolitical tensions.