Republican U.S. Senator Marco Rubio on Tuesday proposed sharply boosting tariffs on Chinese vehicle imports by $20,000 to stop the country “from flooding U.S. auto markets,” Washington’s latest effort …
Monthly Archives For March 2024
6 arrested in illegal goose intestine import scheme
Six people were arrested Tuesday, charged with illegally importing duck and goose intestines from China, which, in some cases, were hidden under packaged rattlesnake meat.
The Times view on Beijing’s economic plan: A Chinese Puzzle
Professional students of the Chinese Communist Party interpret every shift in posture and phraseology. The NPC has little power — it has never voted down a party proposal — but what leaders say to it…
Apple iPhones sales fall 24% in China amid competition and headwinds
Phone sales dropped 24% in the first six weeks of 2024, pointing to competition from Huawei, trade tensions and regulatory hurdles.
Russia, China team up against the US dollar with planned blockchain payment system
China and Russia are moving ahead with their efforts to move away from the US dollar with an announcement that the BRICS countries plan to create a payment system based on blockchain.
GOP Rep: Why Do We Let China Buy So Much American Farmland? | Opinion
The Chinese Communist Party has launched a multi-tiered campaign to acquire critical assets within the United States, collect new data on American citizens, and influence our institutions.
China Raises Defense Budget to 1.67 Trillion Yuan, Up 7.2% Amid Regional Tensions
In a significant development, China has declared a 7.2% increase in its defense budget for the year 2024, earmarking a staggering 1.67 trillion yuan. The increment, outlined in the budget report by …
Apple iPhone sales slump 24% in China, fanning fears of a slowdown
Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of … US curbs on the exports of key components to the company. Honor, the smartphone brand spun off from Huawei in…
Apple’s iPhone sales in China plunge 24% as Huawei’s popularity surges
Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of this year, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals …
‘Two sessions’ 2024: Premier Li Qiang vows China’s ‘new type’ of diplomacy will pursue equality and order
Li Qiang tells NPC legislators China ‘will remain firm in opposing all hegemonic, high-handed and bullying acts’ as Ministry of Finance proposes boosting diplomacy spending 6.6 per cent to US$8.4 …
Australia news live: discord on China as Asean summit enters final day; Optus fined $1.5m for public safety failure
Thanks for joining us for our daily news blog. I’m Martin Farrer and I’ll be bringing you a few of the top overnight stories before my colleague Rafqa Touma clocks on. It’s not every day…
Sen Hawley wants Biden to hike tariffs on Chinese energy imports
Sen. Josh Hawley is urging President Biden to increase tariffs on Chinese energy components, aiming to curb reliance on China’s green energy sector.
Investors are rightly treating China like a short-term speculative play, rather than a long-term investment, top economist Mohamed El-Erian says
Long-term traders will only come back when Beijing offers a decisive transition from an economy dependent on global demand, El-Erian wrote in FT.
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