Facing U.S. blowback, Beijing softens ‘Made in China 2025’ message

By Michael Martina, Kevin Yao and Yawen Chen BEIJING, June 25 : Beijing has begun downplaying Made in China 2025, the state-backed industrial policy that has provoked alarm in the West and is core to Washington’s complaints about the country’s technological ambitions, diplomatic and Chinese state media sources said. With a full-blown trade war looming […]

Embattled ZTE seeks $10.7 bln credit line, nominates 8 board members

By Sijia Jiang HONG KONG, June 14 : Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban. The news, announced late on Wednesday, indicates China’s No.2 telecom equipment maker […]

Embattled ZTE proposes $10.7 bln credit proposal, new board

By Sijia Jiang HONG KONG, June 14 : Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban. The news, announced late on Wednesday, indicates China’s No.2 telecom equipment maker […]

Investors wipe $3 bln off China’s ZTE as US settlement sinks in

By Anne Marie Roantree and Sijia Jiang HONG KONG, June 13 : Investors wiped about $3 billion off embattled Chinese telecommunications giant ZTE Corp’s market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government. China’s No. 2 telecommunications equipment maker was crippled when […]

U.S. reaches deal to keep China’s ZTE in business -congressional aide

By David Shepardson and Karen Freifeld WASHINGTON, May 26 : The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business after it pays a significant fine and makes management changes, a senior congressional aide said on Friday. U.S. President Donald Trump appeared to […]

U.S. Treasury chief may visit China as trade tensions simmer

By David Lawder and Leika Kihara WASHINGTON, Apr 22 : U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices. The United States has threatened to impose tariffs on […]