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US boosts ROC ties but ‘downgrades’ PRC relations; local gov’ts issue bonds to defuse banking risks

Updated on Dec. 1, 2021. SinoInsight  1  Last week, U.S.-PRC relations continued to spiral downwards, while U.S.-ROC relations strengthened. Sept. 14 U.S. Ambassador to China Terry Branstad announced that he was stepping down. The U.S. Embassy in Beijing said in a statement that Branstad would “retire from his position as U.S. envoy and depart Beijing …

Read moreUS boosts ROC ties but ‘downgrades’ PRC relations; local gov’ts issue bonds to defuse banking risks

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