An increase in regulations on the fintech sector in China will cause small banks to suffer disproportionately as compared to larger banks throughout the country, in an already challenging financial atmosphere.

China and the U.S. worked together for years to overcame obstacles to make China's accession to WTO possible in 2001, bringing huge benefits to both countries.

Despite intensifying acrimony, in the face of the most devastating economic crisis since the Great Depression, the two governments shelved differences, pursued cooperation, and led an international collective effort to stabilize the global financial system.

In last days of his presidency, Trump continued to order further sanctions on Chinese companies.

The treaty is part of a strategic choice made by China, whose interests align with those of the European Union. For the EU, the BIT is a well-thought-out strategic choice based on the world’s post-pandemic economic landscape.

The country is determined to make reforms necessary to becoming a full participant in a world currently being shaped by mega FTAs. It wants to play a bigger role in international rule-making, but some changes won’t be easy.

China’s robust e-payments industry has become ubiquitous at every level of its economy, from street vendors all the way to annual taxes. Chinese authorities hope that the advanced infrastructure they possess can be used to launch the first ever state-backed cryptocurrency.

Biden has hinted that economic policy will be key to his administration’s approach to China. Industrial policy, a return to multilateralism, and coordination with allies will be used to pressure China to implement change in its domestic and international economic practice.

China’s fast growing economy has been the story of the 21st century. By learning from past catastrophes, Beijing hopes to avoid the costly recessions that have burdened other wealthy nations who exposed their financial sector to risk-laden operations.

The country is confident that it will meet the emerging trade partnership’s high standards through reforms at home. But the U.S. and others may attempt to derail it through the “poison pill” clause of the USMCA.