White House

U.S. pressing China to cut trade surplus by $100bn

The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said, clarifying a tweet last week from President Donald Trump.

Last week, Trump tweeted that China had been asked to develop a plan to reduce its trade imbalance with the United States by $1 billion, but the spokeswoman said Trump had meant to say $100 billion.

Thu, 15/03/2018 - 13:42

$690m Life-Space deal adds to healthcare surge

Surging Chinese investment in Australia’s healthcare sector looks set to continue in 2018, with the $690 million acquisition of probiotics manufacturer Life-Space Group in late January by Guangzhou-based BY-HEALTH adding to more than $5.5 billion in transactions since 2015.

For the past three years, Australia has become one of the most sought-after destinations for Chinese companies seeking healthcare investments, according to a recent report by KPMG.

Mon, 12/03/2018 - 10:37