Yuancheng used an army of young, perky salespeople to peddle illegal chemicals to Americans.
Ye Chuan Fa works in a cubicle. His small station is indistinguishable from those of the hundreds of employees at his chemical company, Yuancheng, which translates roughly to “extended success.” Founded in 2001, Yuancheng employs about 700 people and has branch offices all over China.… read the full article
Carriers are complicated and expensive things to build.
Recent news out of China suggests that the country is experiencing technical problems with its first homemade aircraft carrier. This points to an ongoing issue for countries that have elected to go the aircraft carrier route: carriers are really, really complicated and expensive things to build.… read the full article
By Nahal Toosi | Politico
In the past week, President Donald Trump has described China’s trade practices as “an anchor on us,” saying Beijing is “killing us” and wants to “hurt” U.S. jobs.
Yet as Chinese officials increasingly hint at a potentially violent crackdown on pro-democracy demonstrators in Hong Kong, Trump has remained largely silent.… read the full article
Stocks saw their worst day of the year on Monday, after Beijing suggested it was weaponizing its currency by devaluing it— the latest sticking point in an ongoing U.S.-China trade war.
After America retaliated by formally labeling China a “currency manipulator” — something that hasn’t been done in over 2 decades — it sparked new market fears about the economic fallout.… read the full article
The trade war between the US and China threatens to weaken not only the US and Chinese economies but also the global economy. However, according to President Donald Trump’s economic advisor, Larry Kudlow, one economy is better off than the other.… read the full article