China’s exports in dollar terms contracted 14.5% in July from a year ago, while imports fell 12.4% in the same period.
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China’s July exports contracted the most since the start of the pandemic. It shows a tough external market for the world’s factory when it needs it the most.
Beijing demands Philippines remove stranded South China Sea ship
China demanded Tuesday that the Philippines withdraw a military ship stranded since 1999 on an atoll in waters Beijing claims as its own in the South China Sea. The China’s foreign ministry said in a…
Sailors accused of spying for China set to appear in court
Two Navy sailors accused of spying for China, Jinchao “Patrick” Wei and Wenheng Zhao, will appear in federal court on Tuesday in California
China’s Plan to Rule the World Through Its Smart Devices, FCC Urged to Act
Chinese-made modules in various devices could be quietly gathering data for their creators in Beijing, and lawmakers want the FCC to act.
China’s car sales fall for 2nd month in July as price war continues
China’s passenger vehicle sales fell for a second month in July, as discounts and government support measures failed to persuade consumers wary of buying cars amid a sputtering economy and a prolonged slump in the…
Australian aid policy to focus on climate — and countering China
With its new approach to aid, Anthony Albanese’s government is trying to present Australia as an alternative to China, known for “debt-trap diplomacy.”
Huaqin Technology IPO Adds To China’s Billionaire Ranks
Today’s stock trading debut by Chinese electronics manufacturer Huaqin Technology minted the country’s latest billionaire.
Chinese propaganda slogans turn London street art wall into a protest site against Beijing
A graffiti wall in London’s bustling street art hub of Brick Lane has become an unlikely canvas for protest messages against China’s authoritarian rule, after it was whitewashed and painted over with propaganda slogans promoting…
China to adopt ‘impartial, rational’ position on Russian war against Ukraine, says foreign ministry
China can be an “objective and rational voice” in achieving a peaceful settlement to Russia’s war against Ukraine, China’s Foreign Minister Wang Yi told his Russian counterpart Sergei Lavrov in a phone talk on Aug.
Italy approves 40% windfall tax on banks; China’s trade slumps – business live
Rolling coverage of the latest economic and financial news
Country Garden misses bond payments as China property fears flare
Country Garden said on Tuesday it has not paid two dollar bond coupons due on Aug. 6, confirming market fears that the biggest privately owned developer in China is slipping into repayment troubles.
Why China’s stimulus plans won’t work – and that’s bad news for us
Leading US economist Adam Posen argues we’re still underestimating the severity of China’s economic malaise, even as analysts race to slash their forecasts for the iron ore price.
China’s economy suffers new blow as exports drop 14% in July
China’s exports suffered their biggest drop in more than three years in July as global demand slowed, adding further pressure on Beijing to find ways to reinvigorate the world’s second largest economy …
