Sign up to receive the Balance of Power newsletter in your inbox, and follow Bloomberg Politics on Twitter and Facebook for more. When Foreign Minister Antonio Tajani travels to China this weekend, he’ll be balancing two competing interests: laying the ground for Italy’s exit from a controversial investment pact with Beijing while also trying to … Read more
The Biden administration’s top trade officials are spending the second half of August in Asia for talks in a region that still accounts for half of America’s top 10 merchandise trading partners. Trade Representative Katherine Tai was in Indonesia today for meetings with the US-ASEAN Business Council and government officials. She’s heading to India for … Read more
Xi Jinping’s quest to rewrite the playbook that drove China’s economic miracle for a generation is facing its sternest test yet. The $18 trillion economy is decelerating, the property crisis deepening, consumers are downbeat, exports are struggling and more than one in five young people are out of work. But where President Joe Biden is … Read more
The US can continue to see growth even as worries over the Chinese economy mount, according to Mohamed El-Erian. “It is all about global economic growth and how much of the burden can the US continue to shoulder — because China is now a detractor to global growth,” El-Erian, the chief economic adviser at Allianz … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economy reporter Reade Pickert looks at the risk to the US of a slowdown in China. Sign up here and follow us at @bpolitics. Email our editors here. The US is accustomed to the ebbs and flows of its … Read more
Germany is among several major economies rethinking their trade relationships with geopolitical rivals. But it’s finding out what the US and others are discovering — reducing ties with China is complicated and costly. “Germany will need China more than China needs Germany,” ING economist Carsten Brzeski said. “We will see a gradual reduction in Germany’s … Read more