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Carmen Russell-Sluchansky

Carmen Russell-Sluchansky

Pirelli CEO Sounds Alarm on Chinese Influence

Pirelli CEO Sounds Alarm on Chinese Influence

The Lede: China's increasing influence over an Italian tiremaker Pirelli is causing mounting pressure, as the CEO warns against the potential loss of independence because of the company’s Chinese state-owned shareholder Sinochem. What we know: * Pirelli's CEO, Marco Tronchetti Provera, informed government officials in Rome

China Reduced Development Finance in Southeast Asia

The Lede: New study shows a decline in China’s development finance to Southeast Asia What We Know: * According to research from the Lowy Institute think tank based in Sydney, China’s contribution to the region fell from $7.6 billion in 2015 to $3.9 billion in 2021. China

U.S. and Taiwan Sign Partial Trade Deal

U.S. and Taiwan Sign Partial Trade Deal

The Lede: The U.S. and Taiwan have signed the first accord under a new bilateral trade initiative framework in the midst of tensions with China What We Know: * After two rounds of negotiations, representatives of the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in

Foreign Investors Look to Other Asian Countries as China Sentiment Sours

Foreign Investors Look to Other Asian Countries as China Sentiment Sours

The Lede: Foreign investors have been moving positions to other Asian markets as sentiment in the Chinese market wanes. What We Know: * A report from the Atlantic Council has found that foreign investors have been pulling out of the Chinese markets for the last two years. International institutional investors '

Pakistan Pays in Chinese Currency for Discounted Russian Oil

Pakistan Pays in Chinese Currency for Discounted Russian Oil

The Lede: Pakistan made its initial government-to-government purchase of discounted Russian crude oil using Chinese currency, State Minister for Petroleum Musadik Malik said this week, marking a departure from Pakistan's previous practice of conducting export payments primarily in U.S. dollars. What we know: * On Sunday, the initial

German Port City Duisburg Abandons "China City" Label

German Port City Duisburg Abandons "China City" Label

The Lede: The German port city of Duisburg is making efforts to shift its “China City” branding as Europe trends toward ‘de-risking’ from China What We Know: * Duisburg has been breaking its links with China by cutting down on once-frequent visits by Chinese officials and business delegations and re-acquiring a

Trade Meetings Between China, U.S. Could Signal Thaw

Trade Meetings Between China, U.S. Could Signal Thaw

The Lede: Top U.S. and Chinese Commerce and Trade Officials met on the sidelines of APEC in Detroit and Washington, where they raised disagreements while elevating communications between the rivaling economies. What We Know: * Chinese Commerce Minister Wang Wentao met with U.S. Secretary of Commerce Gina Raimondo in