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China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing's efforts to establish its currency internationally.
China warned the United States on Thursday not to open Pandora's Box and spark a flurry of protectionist practices across the globe, even as Beijing pointed to U.S. goods that it could target in a deepening Sino-U.S. trade dispute.
There seem be two types of Confucius Institutes in the United States: those that are hailed on more than 100 campuses as a bridge to learning the Chinese language and culture, and those that are labeled by some newspapers and websites as a "political tool" of China.
There seem be two types of Confucius Institutes in the United States: those that are hailed on more than 100 campuses as a bridge to learning the Chinese language and culture, and those that are labeled by some newspapers and websites as a "political tool" of China.
Hours earlier, Trump signed an order that also could result in restrictions on Chinese investment in the USA, saying it would be the "first of many" trade actions.
There are fears the move would trigger a trade war between the world's number one and number two economies.
"Yes", Mr. Trump said, according to the White House press pool.
The U.S. military has warily watched the steady growth of China’s military and its expansion into the South China Sea, where its anti-access/area denial strategy seeks to shoo America and other outsiders out of the country’s watery backyard.
BEIJING (AP) — China’s Commerce Ministry urged Washington on Thursday to discard planned tariffs it warned might set off a chain reaction that could disrupt global trade and said Beijing will “fight to the end.”
The Trump administration is hardly the first to give Africa short shrift in its national security considerations. The continent received a measly three paragraphs in the 2015 National Security Strategy, mostly concerning epidemic diseases and intrastate conflict, with bare mentions of economic and political engagement. But the stakes are higher now.
A fully-fledged trade war between China and the US would have "a severe impact on the global economy", the World Trade Organisation head has told the BBC.
There was a risk global growth could fall "very quickly", WTO director-general Roberto Azevedo warned.