China

Government, Business, Technology, Logistics

Biden’s Biggest-Ever Investment Plan for US Still Trails China

President Joe Biden speaks in the Eisenhower Executive Office Building in Washington on March 29. President Joe Biden speaks in the Eisenhower Executive Office Building in Washington on March 29. (Stefani Reynolds/Bloomberg News)

What President Joe Biden touted as a historic U.S. federal investment program that will position the country to win the global innovation race still leaves it well behind China’s continuing, giant infrastructure upgrading campaign.

Tom Hancock | Bloomberg News
April 2, 2021
Government, Business

Biden Starts Infrastructure Bet With US Far Behind China

Contractors work on a road under repair along Highway 101 in San Mateo, Calif. Contractors work on a road under repair along Highway 101 in San Mateo, Calif. (David Paul Morris/Bloomberg News)

President Joe Biden is betting that a multitrillion-dollar economic plan centered around infrastructure spending will do more than bolster an American economy hammered by the coronavirus pandemic: It will ensure his country’s competitiveness against China for decades to come.

Peter Martin and Keith Laing | Bloomberg News
March 23, 2021
Government, Business, Logistics

2021 Farm Exports to China Will Approach Record

Soybeans are unloaded from a grain wagon during harvest in Wyanet, Ill. (Daniel Acker/Bloomberg News) Soybeans are unloaded from a grain wagon during harvest in Wyanet, Ill. (Daniel Acker/Bloomberg News)

The value of U.S. farm exports to China will touch $31.5 billion in the federal fiscal year ending Sept. 30, the highest ever, the U.S. Agriculture Department said Feb. 18 in a report.

Mike Dorning | Bloomberg News
February 18, 2021
Business, Logistics, Top 50

Chinese Package-Delivery Firm SF Holding Eyes Stake in Kerry Logistics

Employees handle packages at an SF Express store in Hong Kong. (Anthony Kwan/Bloomberg News) Employees handle packages at an SF Express store in Hong Kong. (Anthony Kwan/Bloomberg News)

SF Holding Co., one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said.

February 4, 2021
Government, Business, Logistics

Biden to Approach China Relationship With ‘Patience,’ White House Says

Jen Psaki, White House press secretary, speaks during a news conference on Jan. 25. (Kevin Dietsch/Bloomberg News) Jen Psaki, White House press secretary, speaks during a news conference on Jan. 25. (Kevin Dietsch/Bloomberg News)

President Joe Biden’s administration is approaching its relationship with Beijing with “patience” and plans to review hard-line policies that were a hallmark of Donald Trump’s presidency, Press Secretary Jen Psaki said.

Josh Wingrove | Bloomberg News
January 25, 2021
Government, Business

Joe Biden Says He Won’t Immediately Lift China Tariffs

President-elect Joe Biden speaks at an event in Delaware on Dec. 1. (Andrew Harnik/Associated Press) President-elect Joe Biden speaks at an event in Delaware on Dec. 1. Vice President-elect Kamala Harris sits in the background. (Andrew Harnik/Associated Press)

President-elect Joe Biden says he won’t immediately lift tariffs placed by President Donald Trump on many imports from China or break Trump’s initial trade deal.

December 2, 2020
Business, Technology, Autonomous

VW’s Traton to Build China Truck Factory in Expansion Push

The shell of a driver's cabin is carried along the production line at Scania's factory in Sweden. The shell of a driver's cabin is carried along the production line at Scania's factory in Sweden. (Mikael Sjoberg/Bloomberg News)

Traton SE is stepping up expansion plans in China after Volkswagen AG’s truck division hammered out a deal to acquire Navistar International Corp. to boost its presence in North America.

Christoph Rauwald | Bloomberg News
November 25, 2020
Business, Technology, Logistics

SoftBank-Led Round Values Uber-Like Truck Startup at $12 Billion

China's Full Truck Alliance has raised $1.7 billion from investors ahead of a potential IPO. Akos Stiller/Bloomberg News

Full Truck Alliance has raised $1.7 billion from investors including SoftBank Group Corp. and Tencent Holdings Ltd., a major cash infusion for the Uber-like trucking startup ahead of a potential initial public offering.

Lulu Yilun Chen | Bloomberg News
November 24, 2020
Government, Business, Logistics, TCA

C.H. Robinson Warns US Companies Could Miss Tariff Refunds

The Port of Long Beach in California is seen from above. (adamkaz/Getty Images) The Port of Long Beach in California is seen from above. (adamkaz/Getty Images)

Minnesota transportation and logistics company C.H. Robinson says it has identified almost $1 billion in potential refunds of tariffs its American clients paid on Chinese imports.

Jim Spencer | Star Tribune (Minneapolis)
November 23, 2020
Government, Business, Logistics

Biden Unlikely to Quickly Unwind China Tariffs, Democrat Ally Says

President-elect Joe Biden speaks about economic recovery in Wilmington, Del., on Nov. 16. President-elect Joe Biden speaks about economic recovery in Wilmington, Del., on Nov. 16. (Andrew Harnik/Associated Press)

President-elect Joe Biden isn’t likely to quickly unwind the tariffs President Donald Trump has imposed on Chinese imports, said Delaware Senator Chris Coons, a close ally of the incoming leader.

Daniel Flatley | Bloomberg News
November 20, 2020

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