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44016.27
43880.46
1.06025
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1.27681
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+3.44
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19309.28
19284.85
5986.96
+2.97
+ 0.05%
5992.06
5986.96
106.010
+0.190
+ 0.18%
106.090
105.580
67.234
-0.584
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68.686
67.107
2607.24
+9.21
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2618.76
2597.49
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【The U.S. Treasury Secretary nomination is expected to be announced as early as this week, with a top candidate praising Trump as the one who will "usher in a golden age."】 November 15th - Scott Bessent, Founder of Key Square Group LP and a top contender for the position of Treasury Secretary in the Trump administration, praised Trump's economic agenda as the competition for Cabinet members intensifies. Bessent believes that this agenda will promote economic growth in various sectors. Scott Bessent stated, "In the Trump 1.0 era, we had a great economy. Under Trump's leadership, we can usher in a golden age in the next four years. We can revitalize manufacturing, achieve energy dominance. We will have peace and usher in technological prosperity."Recently, the competition for the second Treasury Secretary in the Trump administration has entered the public eye, with contenders including Howard Lutnick, CEO of Cantor Fitzgerald LP, former U.S. Trade Representative Robert Lighthizer, and former SEC Chairman Jay Clayton being mentioned as possible candidates.Bessent, as a key supporter of Trump during the campaign, has received support from a wide range of leaders in the Trump alliance, including long-time allies Steve Bannon and Ralph Reed. According to sources, Lutnick is also vying for the position, with Lutnick having been selected by Trump as a transition co-chair. He is opposing Bessent, claiming that the hedge fund manager is soft on key protectionist commitments, including tariff issues. The nomination for Treasury Secretary could be announced as early as this week.

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China-U.S. Relations

Focus on Pelosi's Taiwan Visit ! How will China-U.S. relations develop in the future, win-win cooperation or confrontation?
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Yellen Raised China's Hopes for Tariff Cut; U.S. Politics Will Crush Them

U.S. Treasury Secretary Janet Yellen's trip to China has raised hopes in Beijing that Trump-era tariffs on Chinese imports may be eased as she tries to smooth relations between the two nations, but strong anti-China sentiment in the U.S. may make that impossible.
Thomas

Yellen's China Trip Yields Long Meetings, 'Cordial' Tone, But No Consensus

U.S. Treasury Secretary Janet Yellen went to Beijing with no expectations that meetings with China's new top economic officials would immediately ease tensions between the world's two largest economies.
Thomas

Beijing Jabs in US-China Tech Fight with Chip Material Export Curbs

China's commerce ministry said on Monday it would control exports of eight gallium products and six germanium products from Aug. 1 to protect national security, a move analysts saw as a response to escalating efforts by the United States to curb China's technological advances.
Owen Li

Small Powers Caught in the US–China Chips Competition

The new intensity and lavish scale of industry subsidisation among the economic superpowers, coupled with the entanglement of these programs in national security rationales, pose issues for smaller powers.
Thomas

Can Warmer Ties Overcome the Deepening Divide in China-U.S. Relations?

Chinese envoy Xie Feng's strong start in Washington and more senior meetings between the two sides are good signs. But analysts doubt the relationship can return to its former footing, with increasing disputes on a range of issues.
Thomas

US-China Strategic Competition Unchecked is Headed For Disaster

The world's two largest powers are on a collision course. Strategic competition between the United States and China is ratcheting up, driven by both countries' nationalism and psychologies of exceptionalism and righteousness which make it difficult to show weakness or back down in the face of perceived affronts to their dignity or interests.
Glendon

Four Years into The Trade War, Are the US and China Decoupling?

US imports of some Chinese products have tanked. Others are higher than ever. How Trump's selective trade war continues to matter.
Kevin Du

Semiconductor Tensions Chip Away at Cross-Strait Relations

The escalating US–China technology rivalry and global chip shortage make Taiwan's role as a leading global supplier of semiconductors strategically and economically important to both powers.
Glendon

Biden's Strategy Traces the Cold War's Mental Map

Within days of each other, revealing portraits of the United States and China have been unveiled. In Washington, the Biden administration released its national security strategy.
Glendon

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