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Asia-Pacific

China begins probe into US chip grants, alleged dumping

Beijing’s investigation echoes a longstanding U.S. complaint, that China’s government openly bankrolls its domestic firms in contravention of global trade agreements. It could potentially be one of Beijing’s strongest retaliatory moves against American technology sanctions.

U.S.

US Steel CEO calls blocking of deal ‘shameful and corrupt’

U.S. Steel CEO David Burritt referenced China in his criticism of the Biden administration because part of the rationale of the deal was to make Nippon Steel, already the world’s fourth largest steelmaker, better able to compete with the Chinese steelmakers that dominate global steel production. 

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