Tag: Chinese

Yellen to meet with Chinese counterpart in Switzerland day before US to hit debt ceiling

Treasury Secretary Janet Yellen will be out of the country this week as the U.S. is expected to hit its debt limit on Thursday.

The secretary is set to meet with China’s Vice Premier Liu He Wednesday in Switzerland to discuss macroeconomic developments and other economic issues. It will mark the first in-person meeting between the leaders and follows three virtual meetings, according to the Treasury Department.

On Friday, Yellen warned that unless Congress takes swift action, the government could be unable to pay its bills as early as June.

The debt ceiling is the legal limit on the total amount of debt that the federal government can borrow on behalf of the public, including Social Security and Medicare benefits, military salaries and tax refunds.

YELLEN WARNS THAT US WILL HIT DEBT LIMIT NEXT WEEK

In a letter addressed to the big four congressional leaders, Yellen said the Treasury Department will begin deploying so-called “extraordinary measures” to prevent the U.S. from defaulting on its obligation.

The emergency moves should give Congress until at least early June to raise or suspend the country’s current $31.4 trillion borrowing limit, she added.

“Failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the livelihoods of all Americans, and global financial stability,” Yellen said. “I respectfully urge Congress to act promptly to protect the full faith and credit of the United States.”

US NATIONAL DEBT ON PACE TO BE 225% OF GDP BY 2050, PENN WHARTON SAYS

A spokesperson for the Department of the Treasury did not immediately respond to Fox News Digital’s request for comment.

Fox News’ Megan Henney contributed to this report.

International Business– Chinese Newspaper

International Business– Chinese Newspaper

In December of 1984, International Business, a body organ of the Chinese Ministry of Foreign Trade as well as additionally Economic Cooperation (MOFTEC) was officially presented. It is the only reputable across the country daily in its location as well as likewise has in fact developed into one nowadays’s unique-styled documents being incredibly considerable both in your house as well as additionally abroad.

The International Business paper was made to help China understand the world as well as likewise vice versa. It was furthermore meant to unlock as well as additionally market Chinese-foreign economic involvement. It is China’s vital mass device providing to lead global career as well as likewise economic synergy throughout the country as well as likewise has really continuously looked for MOFTEC’s assistance for sustaining China’s economic in addition to occupation connections with worldwide countries.

The International Business paper of China furthermore launches requireds as well as likewise strategy documents given by MOFTEC along with review the country’s intend on opening to monetary partnership in addition to worldwide occupation. It holds welcomes to as well as additionally results of bidding procedure for export as well as additionally import appropriations, in addition to states most existing success in global occupation along with monetary involvement from throughout china.

This paper in addition devotes huge area to developments as well as additionally discourses on economic jobs, globally occupation, economic info around the globe, market quotes, as well as likewise new information on monetary investment opportunities. The paper furthermore replies to issues worrying China’s economic strategies, requireds in addition to regulations, along with worldwide career, dispersing understanding of economic treatments as well as likewise around the world career.

The International Business paper defines of Chinese Foreign Trade in addition to economic team effort organisation, supplying mentoring options worrying export as well as likewise import organisation, global monetary investment in China, in addition to importation modern-day innovation, making the paper a critical bridge in between worldwide solution circles along with the Chinese.

These crucial aspects as well as additionally the feature International Business paper plays in China, has really made it feasible for the paper to win the heart as well as likewise depend upon of a great deal of site visitors as well as likewise gradually impact a lot more people. Presently, it has nearly a million site visitors in China as well as likewise higher than one hundred thirty countries in addition to locations as customers. It is thought of an important summary to the Chinese market by the mass of global firms in China along with is the preliminary selection of resource for abroad organisation people preparing to buy the country.

The reputation of this paper has really disclosed a continuous increase among digital media in your location as well as additionally abroad with a variety of its documents, discussions, as well as additionally numerous other information being used by numerous other documents as well as likewise journals regularly as well as likewise some documents have in fact won across the country honors. With the improvement of China’s worldwide career in addition to monetary team effort, so has International Business paper enhanced in the program to enhancing its task as well as additionally services broadening in endurance.

Presently, International Business is the only Chinese paper that deals with worldwide business appearing 7 days a week in a four-page folio conversation online forum. It has in fact launched month-to-month English along with bimonthly Japanese variants to increase its target market abroad.

The International Business paper was created to help China identify the world in addition to the other way around. These vital aspects as well as additionally the feature International Business paper plays in China, has in fact made it feasible for the paper to win the heart as well as likewise count on fund of a large variety of audiences as well as likewise substantially influence much more people. It is thought about an essential review to the Chinese market by the mass of worldwide firms in China as well as likewise is the really initial option of resource for abroad solution people preparing to patronize the country.

The International Business paper was made to aid China understand the world as well as additionally the various other method around. It is China’s vital mass device supplying to lead global occupation as well as likewise monetary team effort throughout the country as well as additionally has in fact continuously looked for MOFTEC’s assistance for sustaining China’s economic as well as career partnerships with worldwide countries.

These vital elements as well as likewise the feature International Business paper plays in China, has in fact made it feasible for the paper to win the heart as well as additionally depend on of a whole lot of site visitors as well as additionally considerably impact also a lot more people. These important aspects as well as additionally the feature International Business paper plays in China, has in fact made it feasible for the paper to win the heart as well as likewise depend on fund of a large number of audiences as well as additionally considerably impact also extra people.

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International Business– Chinese Newspaper

International Business– Chinese Newspaper In December of 1984, International Business, a body organ of the Chinese Ministry of Foreign Trade as well as additionally Economic Cooperation (MOFTEC) was officially presented. It is the only reputable across the country daily in its location as well as likewise has in fact developed into one nowadays’s unique-styled documents … Continue reading International Business– Chinese Newspaper