The collapse of the Californian bank has exposed the financial ties between U.S. finance and Chinese start-ups.
When tech-sector focused Silicon Valley Bank collapsed last week, among those left in the lurch were several prominent Chinese startups that had come to rely on the bank as a connector between the U.S. and their domestic financial system.
Since SVB’s sudden downfall, a flurry of Chinese businesses mostly focused on biotech — including Jacobio Pharmaceuticals, BeiGene and Andon Health — have disclosed that they had deposits in the bank. Brii Biosciences, a Beijing-based developer of ther
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When Joe Biden took office, many of his supporters thought the first order of business would be unwinding Donald Trump's trade war with China. But his trade czar, Katherine Tai, has been largely MIA, a stark contrast to her predecessor, the fiery and ubiquitous Robert Lighthizer. So what has Tai been up to?
The academic tells us why it's important to understand the Chinese leader's political beliefs and where they come from — as well as their shortcomings.
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