Oil slipped on Monday, weighed down by Moody’s downgrade of the U.S. sovereign credit rating and official data that showed slowing growth in China’s industrial output and retail sales. U.S. special …
Monthly Archives For May 2025
China’s state banks will cut deposit rates on Tuesday, sources say
China’s major state banks will cut their deposit rates from Tuesday, three people with knowledge of the matter said, easing pressure on profitability as China reduces lending rates to boost a slowing …
Trump’s massive import taxes haven’t done much economic damage — yet
WASHINGTON (AP) — For months, American consumers and businesses have been hearing that President Trump’s massive import taxes – tariffs – would drive up prices and hurt the U.S. economy. But the …
China’s fresh belt-tightening push takes aim at white elephants, lavish meals and flowers
New rules to cut wasteful government spending and projects are ‘most stringent’ since austerity drive first launched in 2013, observer says.
Trump’s pause on China tariffs prompts companies to make ‘panic’ purchases
China trade war, President Trump announces a 90-day tariff reduction, prompting U.S. companies to engage in ‘panic buying’.
What’s behind the Covid-19 surge in Asia? Will vaccines work?
Singapore, Hong Kong, China, and Thailand are witnessing a spike in Covid-19 cases. In Singapore, the surge in infections is driven by LF.7 and NB.1.8 — both descendants of JN.1 variant, which is a …
China Urges US to ‘Correct Wrongdoings’ on Chinese AI Chip Curb
BEIJING (Reuters) -China on Monday urged the United States to “immediately correct its wrongdoings” and stop “discriminatory” measures after the U.S. issued guidance warning companies not to use …
China’s Xiaomi takes a page from Apple with a $7 billion plan to make its own mobile chips
The CEO of Chinese smartphone maker Xiaomi has shared a 10-year plan to spend around $7 billion on designing its own chips.
China imposes hefty duties on US plastic imports amid trade tension
Anti-dumping duties of up to 74.9% on the importation of polyoxymethylene (POM), a plastic used in automotive components and household appliances, have come into effect, the Ministry of Commerce …
China urges Germany not to undermine cooperation in name of ‘de-risking’
China and Germany should prevent undermining their normal bilateral cooperation in the name of “de-risking”, Chinese Foreign Minister Wang Yi told German Foreign Minister Johann Wadephul in a phone call on Monday.
Tesla supplier CATL, the world’s leading battery maker, to start trading in HK after a bumper $4.6 billion IPO
CATL is foraying into global markets amid growing trade tensions between the U.S. and China, which have sent markets careening over the past several weeks.
The Unbelievable Rise of Shenzhen: China’s Most Advanced City
Shenzhen, China, is undergoing an unbelievable transformation that’s reshaping the future of technology and economy. This booming metropolis has become a hotspot for cutting-edge innovations, rapid …
China tariffs are no longer 145%, but for small businesses in the crossfire, ‘it’s still awful’
President Donald Trump’s decision to impose a steep tax on most goods that come into America has tested the mettle of small business owners whose companies are reliant on global trade.
