Wall Street Helps China Truck Service Raise $1.6 Billion
Chinese “Uber for trucking” company, Full Truck Alliance (FTA), raised $1.6 billion in an initial public offering in the United States with help from Wall
Wins and Losses in the Senate China Bill
On June 8, the U.S. Senate passed the U.S. Innovation and Competition Act of 2021, a bill aimed at countering China on a plethora of
E-Commerce Propelling U.S. Trade Deficit to be Larger Than Norway and Sweden Economies
The post-pandemic recovery is becoming a China jobs program. Ports swamped with e-commerce shipments as China expands digital presence here.
Will New Treasury Hires Uphold Financial Sanctions on China?
Senators from the Foreign Relations Committee grilled two new Treasury nominees about sanctions. Capital market sanctions were mentioned only once. Will the new Treasury hires placate Wall Street, or follow Biden’s EO calling for divestment in 59 Chinese securities.
Canada’s House of Commons Opposes Biden’s ‘Buy America’ Policies
Canada wants to be top of mind for Buy America contracts. Thanks to the WTO, they already are. The White House needs to make Buy America policy a way to build domestic supply chains. “Work with allies” doesn’t mean “work for allies.”
What Tariffs? Solar Power Installations Setting Records Nationwide
Looks like the solar importers were wrong about a demand drop due to tariffs. We didn’t think they would be. There is room for both, but domestic supply chains should be revved up to support public power stations.
Why is China’s Communist Party An American Land Owner?
Should members of China’s CCP be allowed to own large swaths of American land, and commercial real estate? Rep. Chip Roy of Texas is proposing outright bans.
U.S. Innovation and Competition Act: The Winners and the Losers in Senate ‘China Bill’
The Senate bill designed to help America outwit, outlast and outplay China passed mostly along party lines. Here is what we liked about what’s inside. And where we hope the House will do some rewrites on trade matters.
April Trade Deficit Surprisingly Falls, But U.S. On Track For $1 Trillion Goods Deficit
The trade deficit fell in April as imports from China shrank by $6 billion. That likely won’t be enough to break the $1 trillion goods deficit barrier in 2021.
Here’s How Many Billions Vanguard, Others, Have Invested In China’s Delisted, Sanctioned Companies
Big mutual funds run by Vanguard and ETFs run by State Street and BlackRock will have to divest from some China stocks within a year.
