China’s state lenders have funnelled USD 200 billion into US businesses for a quarter of a century, but many of the loans have been kept secret because the money was first routed through shell companies in the Cayman Islands, Bermuda, Delaware and elsewhere that helped obscure their origins, according to AidData, a research lab at the College of William & Mary in Virginia.

Trump cuts China tariffs after “12 out of 10” meeting with Xi; also calls Modi “tough as hell”

US President Donald Trump and Chinese leader Xi Jinping had a bilateral meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea. They met in Busan, South Korea, a port city about 76km south of Gyeongju, the main venue for APEC.

Bessent says US, China have agreed on framework to avoid new tariffs

Hopes for a breakthrough in the ongoing trade tensions between the United States and China brightened on Sunday, with both sides indicating that progress had been made towards a deal to avert a new round of tariffs. US Treasury Secretary Scott Bessent said Washington and Beijing had reached a “substantial framework” that could prevent the […]

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