U.S. Treasury Secretary Scott Bessent predicted on Tuesday that China could lose 10 million jobs quickly due to tariffs and that Beijing will see over time that Chinese tariffs are not sustainable.
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Bessent says China could lose 10 million jobs from tariffs
Beijing to invest in blockchain, integrate into infrastructure
Beijing announced a blockchain development plan aiming for widespread industry adoption over the next two years.
China Unicom to deepen digital-intelligence integration, innovation to empower Digital China
China Unicom will step up push to deepen digital-intelligence integration and innovation to empower Digital China construction, said its chairman at the 8th Digital China Summit in Fuzhou, Fujian …
Decathlon plans to sell 30% stake in China business, Bloomberg News reports
French sporting goods retailer Decathlon has started a process to sell about 30% stake in its China business, with a deal potentially valuing the unit at about $1 billion or more, Bloomberg News …
Trump tariff inflation may not materialize if economic outlook dims
While tariffs could raise prices, if they cause a sharp economic downturn or a recession, that in turn could cause demand to fall and prices to cool.
Plunging U.S. imports from China could lead to shortages, experts warn
The drop-off in shipments could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.
China Asks Drugmakers, Hospitals to Find US Import Substitutes
China has asked some of its state-owned drugmakers to study how they can reduce reliance on the US for pharmaceutical products and raw materials, people familiar with the matter said, as Beijing …
China’s Big Five banks post slimmer margins as economic challenges persist
China’s Big Five lenders on Tuesday reported narrower margins on their first-quarter earnings and some a drop in profits as the banking sector is hit by a protracted economic slowdown, with rising …
China exports to U.S. fall sharply with 145% tariffs in effect
The drop-off in bookings could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.
Analysis-China ramps up global yuan push, seizing on retreating dollar
SHANGHAI/SINGAPORE (Reuters) -As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the People’s Bank of China was seizing a moment of …
Green Tea Group secures HKEX approval for IPO
Mainland China restaurant chain the Green Tea Group has secured approval from the Hong Kong Stock Exchange (HKEX) for an initial public offering (IPO) on its fifth attempt in four years. The company, …
Surge in trips expected for China’s May Day holiday, but travellers keep budgets tight
Domestic travel in China has boomed since the end of the country’s pandemic-era restrictions. Read more at straitstimes.com. Read more at straitstimes.com.
Bolshoi Ballet’s China tour to visit Shenzhen and Beijing but not Hong Kong
The famed Russian ballet company’s decision is the latest example of top performers skipping Hong Kong in favour of nearby cities.
