Given the economies of the U.S. and China are so deeply connected, policymakers in Washington and finance titans in New York are closely following Beijing’s response to what could be a temporary setback — or a widening crisis with global implications.
And as the recovery falters, a moment of truth looms, with potentially enormous consequences for the United States.
And even as diplomatic links between the two nations fray, business ties persist. Elon Musk of Twitter and Tesla, Jamie Dimon of JPMorgan and Tim Cook of Apple have all recently visited China, in what could be seen as an attempt at reassurance.. “You’re not going to fix these things if you are just sitting across the Pacific yelling at each other.”Chinese President Xi Jinping at a joint press conference for the China-Central Asia Summit in Xian, Shaanxi province, May 19.
Now, life in China is returning to normal, but its economy continues to show signs of burgeoning problems that clash with the image of an unstoppable global force.lifting its own residents out of poverty
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jacinda Ardern given a top New Zealand honor for her service during shooting, pandemicFormer New Zealand Prime Minister Jacinda Ardern has received one of the country’s highest honors for her leadership during a mass shooting and pandemic. On Monday, Ardern was made a Dame Grand Companion, which is the second-highest honor in New Zealand. It means people will now call her Dame Jacinda. Ardern was just 37 when she became prime minister in 2017 and was seen as a global icon of the left. She shocked New Zealanders in January when said she was stepping down as leader because she no longer had “enough in the tank” to do it justice.
Read more »
Calgary man given 11 years in prison for Regina drugs, firearms convictionsA judge delivered his decision Friday in the case of David Innes, a Calgary man convicted of drug trafficking in Regina.
Read more »
Bank of Canada may have to raise rates again this summer given recent momentum: EconomistsEconomists say the momentum is putting the Bank of Canada in a tough spot: the central bank has argued that a slowdown is necessary to bring inflation back to the two per cent target, but that slowdown hasn’t yet come to fruition.
Read more »
‘The Idol’ May Have Already Given Away Its EndingThere’s already plenty of thematic writing on the wall in TheIdol, thanks to the 1992 thriller ‘Basic Instinct.’
Read more »
BoC may have to raise rates again this summer given recent momentum, economists sayOTTAWA — Momentum in the Canadian economy is spurring speculation that a rate hike is on the way, but economists don’t expect the Bank of Canada to pull the…
Read more »
‘Oppenheimer’ Given Surprise R Rating For Title Character’s Near-Constant Full-Frontal NudityWASHINGTON—After it determined Christopher Nolan’s latest film was inappropriate for younger audiences, the Motion Picture Association gave Oppenheimer a surprising R rating Monday, citing the title character’s near-constant full-frontal nudity. “The bulk of the film’s three-hour runtime is just shots of Cillian…
Read more »