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The US China Business Council, a Washington-based organization representing more than 200 US companies in China, tweeted on Wednesday that its 2017 member survey found that most respondents believe that growth prospects in China are better than in other markets around the world.

The US Treasury will offer a 20-year bond Wednesday as part of the government's plan to repay debt incurred during the coronavirus outbreak. The bond was last issued in 1986.

The US government approved a law last month that mandates an annual review of Hong Kong's independent trade status — a move deemed as unseemly intervention in the city's internal affair by the Hong Kong SAR government and the city's business sectors.

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The US has long run a large trade deficit in goods and services with China and many other countries.

The UAW contests GM's decision to idle assembly plants in Michigan and Ohio and transmission plants in Ohio and Maryland. The Free Press reported that GM has proposed to assemble electric vehicles in Detroit and produce batteries in Lordstown, Ohio.

The US tariffs on 34 billion US dollars worth of Chinese imports took effect early Friday. China activated countermeasure tariffs on selected US imports at 12:01 p.m. Beijing Time Friday.

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The US Treasury announced on Friday that it has added 21 individuals and nine entities related to Russia and Ukraine to its sanctions list.

The US Federal Reserve may cut interest rates to boost the economy amid a slowdown in domestic hiring, sluggish global growth and continuing trade tensions with other countries.

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The US Treasury imposed sanctions on 17 individuals over their alleged roles in the killing of Khashoggi last week, following US State Department's decision in late October to revoke 21 Saudi suspects' visas.

The US COVID-19 cases surpassed 9.2 million with over 230,000 deaths as of Monday evening, showed a tally by Johns Hopkins University.