- CBS News reports: "President Trump is laying into China and the European Union as currency manipulators, accusing them in a tweet last Friday of "manipulating their currencies and interest rates lower" in an effort to get an edge over the United States by making their goods and service cheaper to buy in the U.S. He added that American businesses should be allowed to recapture what was lost due to "illegal currency manipulation and BAD trade deals." Confirming the President's concerns, U.S. Treasury Secretary Steven Mnuchin told Reuters his department is closely monitoring China's currency markets for signs of manipulation. Goldman Sachs analysts on Friday warned clients that the current "trade war is evolving into a currency war." Trump frequently attacked China as a presidential candidate. In his campaign's "7 Point Plan to Rebuild the American Economy" he promised to instruct the Treasury Secretary to label China a currency manipulator, an action that would then set off a process of countervailing action."
- CNN reports: "Hundreds of thousands of vaccines provided for Chinese children have been found to be faulty, inciting widespread fury and prompting the country's President, Xi Jinping, to describe the incident as "vile and shocking." China's Food and Drug Administration (CFDA) has launched an investigation into vaccine manufacturer Changchun Changsheng Biotechnology, revoking its license for human rabies vaccines and beginning a recall of all unused vaccines produced by the company. Five senior executives of the company, including the chairwoman, were taken into custody for questioning by Changchun police, who announced they had begun an official criminal investigation into the company."
The Bloomberg reports: "Chinese Premier Li Keqiang ordered the government to investigate the nation's vaccine industry after violations found at a biologics manufacturer heightened concerns about drug safety. Shares of vaccine makers tumbled in Shanghai after Li said China will crack down on crimes that endanger people's lives and hold perpetrators responsible. The premier's order came following an outcry on social media after Changsheng Bio-Technology Co. was found to have fabricated production and inspection data on a rabies vaccine, as well as violations in the manufacturing of an infant vaccine. China's drug regulator will vet all vaccine makers, China Central Television reported. Demand for vaccines in China is on the rise, driven by loosened family planning policies, increasing awareness and an aging population. The country's 30 billion yuan ($4.4 billion) vaccine market is expected to double by 2021. The rapid growth of the vaccines market has also been tainted with safety issues, with consumers in an uproar in 2016 over expired vaccines being sold nationally."
- 2018-07-22 China Premier Orders Probe Into Vaccine Makers After Violations
- 2018-07-20 Trump: ‘Ready to go’ with tariffs on all Chinese imports
- 2018-07-19 A China Borrower’s $11 Billion Debt Mountain Comes Crashing Down
- 2018-07-18 The trade war is complicating China's efforts to fix its economy
- 2018-07-17 The President Turns the Tables on China
- 2018-07-16 China files WTO challenge to US $200B tariff plan
- 2018-07-15 China looks to get cozy with EU in annual talks as Trump tariffs bite
- 2018-07-13 China's trade surplus with the US hit a record high in June
- 2018-07-12 China has its currency to use as a weapon in trade war with Trump
- 2018-07-11 Trump readies new tariffs on China
- CBS News U.S.-China trade war is now becoming a currency war, too
- CNN Outrage in China over thousands of faulty vaccines for children
- Bloomberg Analysts Are Downgrading China's Small Banks at Record Pace
- CNN Taiwan vulnerable to Chinese invasion without US, foreign minister says
- Bloomberg Belt and Road Initiative Bolsters China's Africa Ties
- CNBC China says threats, intimidation on trade will never work
- CNBC China's latest trade partner in Africa could help it export to the US
- Bloomberg China's Stealth Yuan Devaluation Catching Trump's Attention
- The Wall Street Journal China's Global Building Spree Runs Into Trouble in Pakistan
- CNBC China is waging a 'quiet kind of cold war' against US, top CIA expert says
- Reuters China probes stainless steel imports from Indonesia, EU, Japan and Korea
- National Interest When China and Japan Went to War
- China Law Blog China Expat Employment Contracts: Navigating The Negotiations
- CFR Trading Places: How the EU-China Summit Underlined U.S. Isolationism in Trade Under Trump
- Bloomberg Cities Hope Congress Won't Sidetrack China Rail Car Deals
- The Washington Post A Chinese world order
- Daily Beast Meet the U.S. Officials Who Now Lobby for China
- Axios China using Russian strategy in trade war with America
- Forbes Just How Cheap Is China's Sina Corporation?
- Forbes China's Currency Manipulation Is A Response to Trump's Tariffs