China's exports unexpectedly tumbled in February, falling 18.1 percent from a year earlier and swinging the trade balance into deficit. The data underscored recent concerns about the outlook for China's economy, even though the Lunar New Year holidays were blamed for the slide.» Read More
U.S. and Chinese officials begin day two of high-level talks in Washington.
How goes the battle against Chinese intellectual piracy? John Taylor, Hoover Institute fellow and former Treasury department undersecretary, joined James Bacchus, chairman of the global trade practice group at Greenberg Traurig, to reassure "Power Lunch" viewers that "we're making progress as we speak."
The United States and China opened a new round of high-level economic talks on Tuesday with the leader of China's delegation bluntly saying that any effort to politicize economic differences between the two nations was not acceptable.
With gasoline prices at record levels, the debate has intensified over whether gasoline companies are gouging customers at the pump or simply responding to supply and demand. “We don’t know if price gouging is occurring at the pumps as of right now," Rep. Heather Wilson, (NM-R) said on "Morning Call. "The Federal Trade Commission has no authority to investigate price gouging."
This week's U.S.-China trade talks have prompted debate about whether Washington should do more to enforce current trade laws. Two trade policy experts took opposite sides of the question on "Morning Call."
Securities regulators in China recently eased restrictions for Chinese investors in regard to investing overseas, which some market pros believe will lead to even more gains for the parabolic Chinese stock market.
U.S. Treasury Secretary Henry Paulson and Chinese Vice Premier Wu Yi meet in Washington to discuss trade, energy, and the environment.
Mainland China is the place to be, right? Not according to Peter Stock. The president and chief investment officer of Stock Investment Management says Hong Kong is a better value -- and he thinks the mainland is a bubble slated to burst. He joined CNBC's Mark Haines to tell "Squawk on the Street" viewers which Hong Kong companies' shares are poised to jump.
U.S. Treasury Secretary Henry Paulson said Tuesday China must move faster in accelerating the flexibility of its currency and increase access to its capital markets.
The euro zone's external trade balance swung to a surplus in March from a deficit in February, showing exports were likely to have contributed to economic growth in the first quarter despite the strength of the euro.
The U.S. trade deficit with China, which hit a record $232.5 billion last year, has become a heated political target for both Democrats and Republicans, illustrating what they say are unfair, predatory Chinese trade practices.
Ahead of Tuesday’s trade talks between top U.S. and Chinese officials in Washington, D.C., experts joined “Power Lunch” to provide perspective. “This is the ‘put up or shut up’ summit,” said Peter Navarro, author of The Coming China Wars. ... Robert Scott, an international economist at the Economic Policy Institute, said the trade deficit "threatens the stability of the U.S., and the global economy.”
China's central bank said on Friday that it would widen the yuan's daily trading band against the dollar to 0.5%, just days ahead of a key meeting with the United States to discuss trade issues such as the value of China's currency.
After extending an olive branch to the United States by giving its currency more room to move, China is likely to focus on issues other than the yuan to cement progress in trade talks this week.
Chinese Vice Premier Wu Yi on Thursday criticized calls in the United States for trade protectionist measures, calling such moves "irresponsible acts" that can only harm both countries' interests.
China's trade surplus rebounded in April after a surprising slump the month before, handing new ammunition to U.S. critics who say Beijing is keeping the yuan unfairly undervalued to help the country's exporters.
Congressional Democratic leaders say they have forged new trade policy guidelines with the Bush administration that will elevate labor and environmental rights to key components in future free trade agreements.
This week, Congress is hearing from labor interests and economists, urging different agendas for U.S. trade with China. What – if anything – should be done to ensure America’s competitiveness? John Taylor, a Hoover Institute fellow and former Treasury undersecretary for international affairs, and Jonathan Jacoby, associate director for international economic policy at the Center for American Progress, debated the issue on “Morning Call.”
China is on another U.S. shopping spree that appears to be as much about salesmanship as the country's rapidly growing purchasing power.