T rade groups representing importers derided President Biden’s move to raise tariffs on a range of imports from China, saying the duties will increase costs in supply chains and lead to higher prices for consumers.
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Recent Posts
Import Groups Decry Higher U.S. Tariffs on China-Made Goods
Biden’s China tariffs aren’t a competitive cure-all for U.S. automakers, experts warn
New Biden administration tariffs will buy time for domestic automakers to make progress on electric vehicles, but China is still way ahead.
China’s central bank leaves key policy rate unchanged
China’s central bank left a key policy rate unchanged when rolling over maturing medium-term lending facility (MLF) loans on Wednesday, in line with market expectations. WHY IT’S IMPORTANT The steady …
Putin and Xi’s ‘no-limits’ friendship will be put to the test on state visit to China
Russia, shunned from the world stage, and China, subject to new US tariffs, want to pivot further from the west …
Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch
Chinese smartphone maker Xiaomi has become the country’s eighth-largest electric vehicle upstart after selling more than 7,000 units of its first model, the SU7 sedan, in April, according to industry …
China’s Alibaba profit tumbles 86% though revenue beats estimates
China’s Alibaba Group Holding reported an 86% plunge in fourth-quarter profit on Tuesday primarily due to valuation changes from equity investments, pushing its US-listed shares down almost 6% in …
China adjusts added value accounting to mitigate data manipulation, clean up GDP statistics
The added value of the financial sector is being calculated via a new set of metrics to increase statistical accuracy and cut down on data manipulation, making GDP figures more resilient to massaging …
9 Shenzhen companies included on Fortune ESG list
Photo/VCG] Nine Shenzhen enterprises made it onto a list of China’s most influential firms in terms of ESG development, according to the lates …
Old photos show Palestinian rivals Hamas and Fatah meeting in Cairo, not Beijing
“Historic moment! Hamas and Fatah have been feuding for 18 years but they actually shook hands and made peace in Beijing…China is such a peacemaker!” read a Weibo post shared on April 28, 2024. Similar…
South China Sea: Beijing should respond to ‘blatant provocation’ after US-Philippines joint military drills: report
A Chinese think tank calls for a strong response, ‘countermeasures’ after the Balikatan exercise sent an ‘increasingly dangerous’ signal on Taiwan.
Huawei flagship store surge in China signals showdown with Apple
Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone’s throw away from Apple shops, as it seeks to retake the premium electronics throne in …
China central bank leaves key policy rate unchanged, matching forecast
China’s central bank left a key policy rate unchanged when rolling over maturing medium-term loans on Wednesday, in line with market expectations.
CHINA MOBILE, CHINA UNICOM Response: No Sale of Users’ Personal Information
The investigation found that two platforms, naming Tankecha and Lixiaoyun, sold a large amount of personal information of entrepreneurs, including billionaires like Zhong Shanshan, Nongfu Spring’s …
