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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.
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.
Presidents Xi Jinping and Emmanuel Macron not only aired their bilateral differences, but also discussed terms of engagement for challenging days ahead.
- Analysts discuss how Beijing could respond to Washington’s latest trade offensive, and how the impact could have repercussions beyond China’s borders
- Foreign minister implores international community to stand against the US creating ‘new troubles for the world’
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.
The US will impose new, elevated tariffs that focus on key industries including electric vehicles, batteries and solar cells, according to Bloomberg and The Wall Street Journal.
More multinationals are undergoing a ‘decoupling’ with their China-based operations, a new business survey finds as foreign direct investment sinks and analysts say expatriate staff are harder to come by.
European firms have been revising expectations for the Chinese market while planning for a projected economic slowdown, further adding to China’s challenges and ‘setting a negative cycle in motion’.
Other entities were added to the list for allegedly trying to obtain US quantum technology for China, or for seeking US parts for military drones.
China’s exports returned to positive growth in April amid a recovery of global demand, but analysts said the focus should still be on sustaining momentum in domestic demand.
German authorities last month arrested suspect only named as Thomas R over spying for Beijing, with information trail suggesting man is Thomas Reichenbach.
New designation of relationship brings diplomatic ties to highest level, underscored by 17 agreements signed between the two sides.
