empty
30.08.2023 02:01 PM
US commerce secretary visits China to reboot trade ties

US Commerce Secretary Gina Raimondo has called on China to improve the business environment for American companies in the country. "My message was there's a desire to do business, but we need predictability, due process and a level playing field," she said in an interview. "There's an appetite certainly for U.S. business to continue to do business in China," Raimondo said, adding that "It's an unlevel playing field for U.S. business. It's unpredictable."

This image is no longer relevant

This week, Raimondo visited China and met with government officials in Beijing and Shanghai. She is the first US Commerce Secretary to visit the country in five years — a period when bilateral relations have become increasingly tense.

Foreign companies in China have long complained about market access problems, including forced technology transfers and preferential treatment for local companies, especially state-owned enterprises. As experts in this field note, the current issues as well as China's long-standing trade surplus with the US contributed to the Trump administration's decision to impose tariffs on China in 2018, followed by restrictions on some Chinese companies. The US government attributes such actions to safeguarding national security, but many experts argue that it is nothing more than a protectionist policy.

"We just cannot allow sophisticated emerging technology from America to advance China's military," the Commerce Secretary said. This month, the Biden administration unveiled a proposal to restrict US investment in high-tech Chinese sectors and companies.

However, Beijing is also increasingly aggressive in response to US actions, citing national security concerns. This year, the Chinese government updated its counter-espionage law as well as conducted several high-profile raids on international consulting companies — events that raised fears among foreign businesses. Nevertheless, recent high-level statements from Chinese officials included calls to create a more competitive environment and stimulate foreign investment, which slightly eased tensions.

Pre-market

Shares of semiconductor manufacturer Ambarella fell by 14% as soft current-quarter forecasts overshadowed a strong report. Although Ambarella topped economists' expectations in the second quarter, the company stated that it anticipated a revenue decline of $50 million in the third quarter, while analysts polled by Refinitiv expected $67.6 million.

HP stock dropped by 5.6% after revenue underwhelmed economists. The tech giant reported $13.2 billion in revenue, falling short of analysts' estimate of $13.37 billion. Earnings per share matched expectations at 86 cents, excluding items.

From a technical point of view, demand for the S&P 500 index persists, but its upside potential is limited by fundamental statistics. Now bulls need to regain control of $4,515. If the price overcomes this level, the index could surge to $4,539. Another principal task of bulls is to take control of the $4,557 mark, which in turn will add to bullish sentiment. In case of a decline amid lower risk appetite, buyers need to take the lead at around $4,488. Its breakout will quickly push the trading instrument back to $4,469 and pave the way to the $4,447 mark.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

El mercado de valores el 17 de marzo: los índices S&P 500 y NASDAQ siguen bajo presión

Los futuros de los índices bursátiles estadounidenses cayeron después de que el secretario del Tesoro, Scott Bessent, calificara la reciente caída como favorable, lo que reforzó la opinión

Jakub Novak 10:38 2025-03-17 UTC+2

El mercado de valores el 14 de marzo: los índices SP500 y NASDAQ continúan cayendo

Los futuros del índice de acciones S&P 500 y NASDAQ continuaron su fuerte descenso y volvieron al desarrollo de un escenario bajista. Las acciones asiáticas, así como los futuros

Jakub Novak 10:16 2025-03-14 UTC+2

Mercado de EE.UU. NASDAQ y S&P 500 en territorio de corrección: 10% por debajo de sus máximos.

S&P500 Análisis del 14 de marzo Mercado de EE.UU.: Corrección profunda. Principales índices de EE.UU. el jueves : : Dow -1.3%, NASDAQ -2%, S&P 500 -1.4%, S&P500 5521, rango 5400

Jozef Kovach 10:15 2025-03-14 UTC+2

Google, la Reserva Federal, Salesforce y los mercados de divisas: eventos que no se pueden ignorar

Los mercados modernos no se detienen: las nuevas tecnologías, los datos macroeconómicos y las decisiones políticas pueden cambiar instantáneamente el equilibrio de poder en la economía global. En este artículo

Natalia Andreeva 11:14 2025-03-13 UTC+2

S&P 500 se acerca a un punto de reversión. ¿Riesgo o oportunidad?

El mercado de valores estadounidense sigue mostrando una alta volatilidad, pero los inversores comienzan a buscar puntos de entrada después de la reciente caída. El enfoque está en la dinámica

Anna Zotova 11:14 2025-03-13 UTC+2

El mercado bursátil el 13 de marzo: el crecimiento de los índices S&P 500 y NASDAQ no duró mucho

Los futuros de los índices S&P 500 y NASDAQ volvieron a caer después de la publicación de los datos de inflación en EE. UU. de ayer, que, sorprendentemente, indicaron

Jakub Novak 07:55 2025-03-13 UTC+2

El mercado de valores el 12 de marzo: los índices SP500 y NASDAQ alcanzaron un nuevo mínimo

Los futuros del índice S&P 500 subieron un 0,2% después de perder un 0,76% al cierre de la jornada anterior, mientras que los contratos de futuros del Nasdaq 100 aumentaron

Jakub Novak 08:18 2025-03-12 UTC+2

El mercado de valores el 11 de marzo: los índices SP500 y NASDAQ cayeron más del 5,0%

La venta masiva de acciones continuó ayer, pero ya se desaceleró hoy durante la sesión asiática, lo que llevó a una recuperación de los futuros de los índices bursátiles estadounidenses

Jakub Novak 08:13 2025-03-11 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.