Chinese internet giant Alibaba looks to scoop up global talent in $15 billion R&D expansion

Oct 16, 2017
Chinese internet giant Alibaba is taking a big step toward competing globally. It plans to more than double spending on research and development to $15 billion over the next three years, and will open labs in seven cities around the world, including in Russia, Singapore and in the U.S. But can its dominance of the […]

Why are countries so afraid of bitcoin?

Sep 22, 2017
The cryptocurrency has been blocked by a handful of countries.
In an age of encryption, one of the major innovations of Bitcoin is their block-chain technology, which allows for transaction to be encrypted and tracked.
YOSHIKAZU TSUNO/AFP/Getty Images

As technology and geopolitics change, so does scrutiny of foreign business deals

Sep 14, 2017
President Trump put the brakes on a plan for Chinese investors to buy U.S.-based Lattice Semiconductor, after the Committee on Foreign Investment gave the deal a thumbs down. Foreign companies who want major stakes in U.S. firms face a federal process anytime national security is deemed at stake. With technology evolving, more deals may be […]

China dips back into the global market with U.S. dollar bonds

Sep 13, 2017
China is getting ready this month to sell $2 billion in bonds. But these aren’t bonds in Chinese currency. It’s selling bonds in U.S. dollars — something China hasn’t done in many years. If investors buy bonds from China using U.S. dollars, it means they are lending those U.S. dollars to China. So when China said […]

Why blocking trade with China isn't the answer to North Korea

Sep 4, 2017
Joseph DeThomas, a former US ambassador and now professor at Penn State, explains.
The United Nations Security Council holds a meeting on North Korea on September 4, 2017 in New York City. The security council was holding its second emergency meeting in a week after North Korea announced the detonation of what it called an underground hydrogen bomb September 3.
Stephanie Keith/Getty Images

The NFL looks to China for a few hundred million fans

Aug 24, 2017
The NFL this week said it was partnering with Chinese tech giant Tencent — which attracts more than a billion users to its platforms, including social network WeChat — to build its base of football fans in China as U.S. audiences decline.  Click the audio player above to hear the full story.

Chinese government issues new rules on overseas investments

Aug 18, 2017
China’s government today unveiled new rules for overseas investments by Chinese businesses. The rules discourage companies from what are called “irrational” acquisitions of assets in industries ranging from real estate to hotels and entertainment.  In recent years, China has invested heavily in the U.S. What will the new rules mean for U.S. businesses? Click the […]

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Are we at economic war with China?

Aug 17, 2017
Déjà vu all over again? A Trump administration official has called a reporter up and had a very candid, shall we say, colorful conversation, which he maybe did, maybe didn’t think was on the record. This time, the official was White House chief strategist Steve Bannon who said: “We’re at economic war with China.” Bannon said […]

U.S. considering action against China over trade

Aug 2, 2017
The White House is planning to investigate China for unfair trade practices — specifically over intellectual property, or IP. U.S. companies that want to do business in China often have to turn over their IP in order to do so — plans, blueprints and technical specifications. The longstanding allegation is that Chinese companies then steal […]

Tech issues loom large in U.S.-China talks

Jul 19, 2017
The U.S and China began talks in Washington today about trade and other issues. The talks — billed as an “economic dialogue” — have a couple of clouds hanging over them. Like North Korea and steel, which, the U.S. complains, China produces and sells too cheaply. But there are other issues. Chinese companies want access to […]