From Foreign Waters

  On Tuesday, China greeted a virtual summit between President Xi and POTUS Biden, expecting to accomplish healthier relations, while the US was more muffled on the discussions as the two greatest powers tried to tighten down over an extended period of strains.    Tensions between the two world powers have been there for a long time. From Huawei, trade war, shutting down of consulates, coronavirus blame game, to Taiwan, the list goes on about the tension amid the two nations. Moreover, former President Donald Trump has also sharply criticized China for violating human rights Xinjiang region.   Relations remained cold after Biden held office. In March, senior Chinese foreign policy adviser Yang Jiechi blamed the US for failing to manage its own human rights issues, and that's American hypocrisy at a meeting in Alaska.    EXPLAINER: Will Xi-Biden talks repair US-China ties? Cordial tone of virtual meeting an indication ties between sides may be...

As predictably as the US President Donald Trump has become, he has arm twisted his way into getting China back into line. While some time back, US Treasury Department had declared China would be considered a currency manipulator, the department has finally retracted the statement.   This is being done in the wake of Washington and Beijing signing the first phase of their trade agreement. The US has been for months accusing China was devaluing the Yuan, to make its goods cheaper for foreign buyers. Making a media statement US Treasury Secretary, Steven Mnuchin has said that, "China has made enforceable commitments to refrain from competitive devaluation, while promoting transparency and accountability.” While in 2015 election campaign, Trump at that time had vowed to label China as a currency manipulator in the wake of declining US manufacturing, he didn’t do so after taking office.   It has been confirmed that Treasury Secretary Steven Mnuchin eventually made the mo...

As per the speculation floating around, there are high chances of ‘phase one’ deal getting signed between the world’s biggest economies, US and China. The news of a deal coming through has infused confidence in the market, boosting trade, investments and stocks across the world. As a consequence of it many central banks including Federal Reserve of US, the European Central Bank and many across Asia have reduced interest rates to infuse growth. Many nations, such as China and India, have also brought down taxes to stimulate their economies. Beijing and Washington have been at loggerheads for nearly two years, over tariff issues and intellectual property rights. The trade war between the two created ripples across the world leading to major dip in stock market and manufacturing sector, stalling growth of various economies. On Wednesday, during a Morgan Stanley Asia Pacific Summit in Singapore, Gokul Laroia, co-chief executive of the group told CNBC, “A deal coupled with policy ...