China's central bank appears to have orchestrated the yuan's fall against the U.S. dollar. A weaker currency makes Chinese goods more competitive on the world market.
Retailers predict rising prices if President Trump goes through with his threat to add new tariffs to Chinese imports. Meanwhile, the White House announced a deal to boost beef exports.
In the last two years, at least five graduates have been approached by agents to gather intelligence on the program and to ascertain whether they have been co-opted by Chinese espionage efforts.
President Trump said the United States will impose a new 10% tariff on $300 billion worth of goods imported from China, saying Beijing had broken some of the promises it made in trade negotiations.
If found guilty, the protesters reportedly could face up to 10 years in jail. Demonstrations began several weeks ago over an extradition bill and have grown to include other demands.
Mongolia is undergoing a dramatic transformation from a pastoral society to one whose economy is based on mining, especially copper and coal. With the change has come opportunity — and loss.
The White House called the brief talks in Shanghai this week between top U.S. and Chinese officials "constructive" and said negotiations are expected to pick up again in early September.
Facebook's plans for a new digital currency have sent Chinese monetary officials scrambling. Since 2014, China's central bank has been looking into launching a cryptocurrency too.
U.S. trade negotiators are heading to Shanghai for talks with their Chinese counterparts this week, but there appears to be little pressure for a settlement in the year-old conflict.