Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.
BUSINESS
China’s Steel Exports Defy Protectionist Wave to Hit New High
China racked up record steel exports in the second quarter, as flows from the world’s top producer defied expectations for volumes to fade under a barrage of trade measures from Asia to Europe.
Jakarta Fair enlivened by products of Chinese brands among others
Wuling, Cherry and BYD were the most visited booths at the Jakarta Fair. They are part of the Chinese hybrid and EV brands that can be seen on Indonesia’s roads. Morits Tengklo, sales manager at…
EU, Mexico tariffs, China trade, Bitcoin – what’s moving markets
Investing.com – U.S. stock futures slipped lower Monday after President Trump announced further tariffs over the weekend, this time against major trading partners, the European Union and Mexico.
China’s Imports of Iran Crude at Three-Month High, Vortexa Says
China’s purchases of Iranian crude rose in June to the highest since March’s record levels, in part because of speedier loadings as sellers sought to avoid getting tangled in the country’s conflict …
China’s Exports Beat Expectations After Trade Truce With U.S.
Chinese shipments to the U.S. in the first half of the year fell 10.9% from the same period in 2024, while China’s exports to all countries rose 5.9% over that same stretch, in line with…
China’s exporters rush to beat Trump’s next big tariff deadline
China’s exports regained momentum in June as firms rushed out orders to capitalise on a fragile tariff truce between Beijing and Washington ahead of a looming deadline next month, with …
China Emerges From Trade Chaos With Record Exports and Surplus
China ended the first half of the year with a record trade surplus of about $586 billion after exports to the US began to stabilize, as factories rode out the tariff rollercoaster that upended global…
China’s exports growth beats expectations in June as shipments to non-U.S. markets grow
China’s overall exports jumped 5.8% in June in U.S. dollar terms from a year earlier. Imports rose 1.1% from a year earlier, marking the first time that imports have grown this year. Its exports to…
China’s trade jumps: Exports beat, imports miss on domestic weakness
China’s trade surplus surged to $114.77 billion in June 2025, surpassing market forecasts of $109 billion and marking a notable increase from $98.94 billion a year earlier. This wider surplus was prim …
Chinese car brands are rapidly making inroads in Europe’s EV utopia
From the first delivery of an MG in January 2020, Chinese EV brands have since gone onto capture a combined market share of roughly 10% in Norway.
China’s exports beat expectations in June, while imports rebound for the first time this year
China’s exports beat expectations in June as businesses continued to rush out shipments to capitalize on a temporary tariff reprieve ahead of an August deadline. Exports jumped 5.8% in June in U.S.
China’s biotech surge shifts global drug innovation, stirs US tension
Top regulators like the US FDA and EMA are fast-tracking more Chinese drugs, granting priority review and breakthrough designations as they gain confidence in China’s biotech innovation …
