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China’s export-driven economy was for decades the workshop of the world. In 2001, when China joined the World Trade Organisation (WTO), it accounted for 4 per cent of the world’s exports, and by 2017, that had risen to 13 per cent. The trade war with the United States damaged China’s exports as tariffs made its goods more expensive for American buyers. The coronavirus outbreak subsequently damaged overseas demand for Chinese products, leading many analysts to predict a huge slump in exports over the second quarter of the year. Imports have become an increasingly closely watched gauge of China’s economic health, as it transitioned away from an export-driven growth model towards a more consumption-based model.
Beijing red-carpet welcome by President Xi Jinping for his Russian counterpart, Vladimir Putin, reflects how nations have been drawn together by actions of others.
German envoy to China says disputes over ‘overcapacity’ in new-energy products need not come at expense of cooperation with West to find global solutions
Trade data provides cautious economic optimism, but Beijing must take measures to boost domestic spending to ensure recovery is not overreliant on exports.
American and European buyers are still being cautious because of geopolitical tensions but the biannual event is nonetheless an important gauge of China’s economy.
Chinese president did not avoid difficult questions from his French and EU counterparts, and visits to Serbia and Hungary reinforced established ties.
- The US$370 million project, which New Delhi sees as a counterweight to Beijing’s growing economic presence in the region, could face potential punitive measures
- But analysts say Washington was unlikely to derail the agreement for now as it focuses on the coming presidential election and the war in Gaza
Frustration said to be mounting on continent and evident in European Commission investigations over Chinese subsidies, such as for electric vehicles.
A former Belgian envoy to the EU says China is not intentionally manufacturing overcapacity to undercut Western competitors.
Bilateral trade, an important lifeline to Russia since it invaded Ukraine, is already at a record US$240 billion, with China its largest customer for crude oil.
The US announced plans on Tuesday to increase tariffs on 14 categories of products from China under Section 301 of the Trade Act of 1974, covering US$18 billion in imports.
Analysts say Beijing is preparing ‘for all types of situations’ in a trade war with the US that shows no sign of abating after six years, as the leading presidential candidates vow to turn up the heat.
Weak steel demand at home has encouraged China, the world’s biggest producer of the alloy, to offload its surplus stocks by offering competitive rates to Indian buyers, hurting Indian producers.
Unprecedented logistics centre in Latin America financed by Beijing’s Belt and Road Initiative is locked in a legal battle over its operation.
Analysts discuss how Beijing could respond to Washington’s latest trade offensive, and how the impact could have repercussions beyond China’s borders.
US President Joe Biden also gives his action a political edge, criticising Donald Trump, his predecessor and challenger for re-election, for failing to increase US exports and boost manufacturing.
China should also ‘prepare for the worst’ but ‘do its best’ in response to further trade and tech frictions, Yang Jiemian tells summit in Hong Kong.
Tariffs would rise to 100 per cent from 27.5 per cent on China-made electric vehicles (EVs) and to 50 per cent on its semiconductors and solar cells.
Prohibitive tariffs await Made in China electric vehicles bound for the US. Can the nation’s producers keep growing their sales and brand awareness without making inroads into the US and European markets?
US imports of used cooking oil more than tripled in 2023, with more than half coming from China, according to the US International Trade Commission.
Fresh US tariffs targeting China’s new-energy sector are imminent, threatening to thwart export efforts aimed at alleviating a market oversupply.
The United States is reportedly planning to raise tariffs on Chinese clean energy goods such as electric vehicles, batteries and solar products, with an announcement expected this week.
Two Chinese firms withdraw bids for Romanian photovoltaic park contracts after Brussels opens investigations under its foreign subsidies regulation.
Finance deals made through smaller Chinese banks would help ‘resolve the threat of secondary sanctions’, according to fresh findings by a Renmin University institute.
Premier Li Qiang tells a State Council meeting that ‘digital, smart and green’ development of the sector would help make the economy more efficient.
When Russian President Vladimir Putin visits China, many have predicted he will discuss the slow progress on the Power of Siberia 2 pipeline. Is the marquee project, watched closely by the West, still a go?
DHL Express expects its Asia-Pacific business to be strong driven by shifts in supply chain businesses moving out of China amid geopolitical tensions.
Weapons sales, security cooperation ‘destined to increase’, experts say, as China opens ‘new chapter’ in Serbian ties.
The Chinese president upgraded relations with Serbia and Hungary, but in France made few if any concessions to reduce the flood of Chinese imports into the EU.
