When officials in Beijing started consulting lawyers six months ago about protecting Chinese industries from potential tariffs on imports from the United States, they were not certain they would have to act on the advice. According to a source familiar with the consultations, senior officials within the government “really thought the tariffs would go away”. […] Read more
China will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods, the Chinese Finance Ministry said Monday. Beijing will increase tariffs on more than 5,000 products to as high as 25%. Duties on some other goods will increase to 20%. Those rates will rise […] Read more
“By the way, you see the tariffs we’re doing? Because they broke the deal. They broke the deal,” Trump said Wednesday. “So they’re flying in, the vice premier tomorrow is flying in — good man — but they broke the deal. They can’t do that, so they’ll be paying.” Trump added that the United States […] Read more
Chinese Vice-Premier Liu He will go to the United States on Thursday to continue trade negotiations, the Ministry of Commerce said on Tuesday. The trip, scheduled for two days, is shorter than expected. The South China Morning Post reported on Monday that Liu was preparing for the trip. The trip comes as uncertainty hangs over […] Read more
This updates a previously published story with new information. China is still preparing to send a delegation to Washington for the trade talks despite the latest threats by US President Donald Trump to increase tariffs, Foreign Ministry spokesman Geng Shuang said on Monday. “There have been many times that the US side has threatened to […] Read more
Sen. Bernie Sanders hopes to set himself apart from his most formidable 2020 rival on a signature issue: trade. Former Vice President Joe Biden, who has led Sanders in early Democratic presidential primary polling since entering the race a week ago, raised eyebrows Wednesday by downplaying the economic threat posed by China. At a campaign […] Read more
The per capita income of urban residents rose 7.9 per cent from a year earlier to 11,633 yuan combined for the first three months of the year, according to official data. Photo: EPA The average salary for white-collar workers in China fell in the first quarter of 2019 despite an economic recovery, according to a […] Read more
Despite Thailand’s vow to rely on domestic funding as it expands its network of high-speed railways, it could soon accept the offer of a low-interest loan from the Export-Import Bank of China (CEXIM) – raising concerns about whether the country is on the verge of falling into a debt trap. A memorandum of cooperation between […] Read more
The optimism expressed by officials from China and the United States suggesting the trade war is almost over has not trickled down to small exporters exhibiting their products at China’s largest export fair, who fear that, with or without a deal, the heyday for Chinese exports is over. Exporters at the Canton Fair in Guangzhou, […] Read more
China has restricted the sale of 20.47 million plane tickets and 5.71 million high-speed train tickets as punishment for failing to repay debts or conducting other “untrustful” behaviour, according to data from National Development and Reform Commission. Millions of individuals and businesses have been labelled as untrustworthy on a growing blacklist compiled by China’s courts, […] Read more
