The cryptocurrency market staged a recovery on Wednesday, shaking off concerns over new US tariffs on Canada, Mexico, and China. Bitcoin (BTC) led the rebound, climbing over 4% to trade above $87,000, …
Tagged By beijing
Factbox-What China’s priorities mean for industries, companies
China laid out its major policy priorities for 2025 at an annual parliamentary meeting on Wednesday, including how it plans to spur consumption and achieve technological breakthroughs. Here are some o …
China announces plans for steel output cuts to help restructure industry
China will restructure its giant steel industry through output cuts, although it did not announce any target in its most recent intervention to address overcapacity in the sector, which is sparking …
China targets ‘around 5%’ growth in 2025 and lays out stimulus measures as trade worries mount
China on Wednesday set its GDP growth target for 2025 at “around 5%” as it starts its annual parliamentary meeting amid escalating trade tensions with the U.S.
Beijing Ramps Up Efforts For Tech Independence
In a speech to the country’s lawmakers, Chinese Premier Li Qiang said AI would be key to boosting China’s digital economy.
Two China watchers make sense of Beijing’s policies from the annual congress meeting
David Kuo, co-founder of The Smart Investor, and Louise Loo, lead economist, China, of Oxford Economics discuss the market and economic implications from the policy signals made in Chinese Premier Li …
China to raise defense spending by 7.2% in 2025 to ‘firmly safeguard’ national security
China on Wednesday announced it would raise its defense spending by 7.2% this year, seeking to safeguard its security amid mounting geopolitical tensions.
China to give cities more room to purchase unsold homes
It also pledged to “effectively prevent debt defaults by real estate companies”. Read more at straitstimes.com.
U.S. Soybean Export Council says reciprocal tariffs will be an opportunity to diversify export markets beyond China
U.S. Soybean Export Council’s Jim Sutter expects a framework like the Phase 1 agreement from Trump’s first term, which he says was largely successful in securing lower tariffs from China – America’s largest soybean buyer.
China hits Illumina with import ban. What does that mean for the San Diego gene sequencer?
The Chinese government took its economic sanctions against San Diego-based Illumina a step further Tuesday by banning the gene-sequencing company from importing its machines to the country. It’s part of China’s broader retaliation against President…
China will increase its defense budget 7.2% this year
China said Wednesday it will increase its defense budget 7.2% this year. The budget was announced at the National People’s Congress, the annual meeting of China’s legislature. The Pentagon and many …
China’s services activity grows modestly in February, Caixin PMI shows
China’s services activity slightly expanded in February, driven by a faster rebound in demand, including export orders, a private sector survey showed on Wednesday, though an escalating U.S.-Sino …
How are Canada, Mexico and China responding to Trump’s tariffs? AP explains
U.S. President Donald Trump’s long-threatened tariffs are here, plunging the country into an escalating trade war with China, Canada and Mexico.
