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cnbc.com

In the latest episode of the US “telling” China what to do: (www.cnbc.com)

The US and the West’s in general’s economy has been reliant on low cost manufacturing in the PRC for over 50 years and now Janet Yellen is conveniently instructing them not to “dump cheap products into the market, driving down prices.” Of course the Middle Kingdom have no reason nor incentive and the West’s vague...

Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon (www.cnbc.com)

The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing....

Moody's cut China's credit outlook to negative on rising debt risks (www.cnbc.com)

Ratings agency Moody’s downgraded its outlook on China’s government credit ratings to negative from stable, expecting Beijing’s support and possible bailouts for distressed local governments and state-owned enterprises to diminish China’s fiscal, economic and institutional strength....

Nearly five decades after the fall of Saigon, U.S. will help Vietnam boost its military capabilities (www.cnbc.com)

Nearly fifty years after the fall of Saigon, the United States agreed to help build up Vietnam’s defense capabilities, a tacit acknowledgement that China poses a greater geopolitical challenge today to both nations than they do to each other....

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