As the trade war between the two economic giants continues, Beijing declared that “bowing to a bully is like drinking poison to quench a thirst.” …
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China ramps up global yuan push, seizing on retreating dollar
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 confusion and disruption in global …
AstraZeneca faces fresh China import tax fine of up to $8 million
AstraZeneca may face a fine of up to $8 million in China over suspected unpaid taxes related to the import of its breast cancer drug Enhertu, the drugmaker said on Tuesday, as it works to…
Temu adds import charges, more than doubling some prices after Trump’s tariff on China
Temu has a new import charge that more than doubles the price of many items shipped from China, in response to imposed tariffs by the U.S.
China’s 2025 GDP beats America’s by $7 trillion and the EU by $14 trillion, “a surprise to most people” – Elon Musk
China’s GDP reaches $35.29 trillion in 2025 PPP terms, outpacing the US and EU, according to Elon Musk’s xAI model Grok.
Walmart, Target resume business with some Chinese factories after tariff-related halt, suppliers say
Walmart and Target have resumed business with some of their Chinese suppliers, after pausing orders for a few weeks due to uncertainties over the imposition of steep US tariffs, two Chinese factories …
Waitrose supplier Bakkavor sells China operations in $67 million deal
UK fresh food provider Bakkavor Group said on Tuesday it will sell its China operations for a cash consideration of about 50 million pounds ($67 million), a move that comes amidst talks for a takeover…
Australia’s surge in wine exports to China begins to slow
Australia’s wine export boom to China that followed an improvement in relations between the two countries is showing signs of slowing, amid a broader global decline in the number of bottles headed to …
China’s April factory activity seen slipping as Trump tariffs bite: Reuters poll
China’s factory activity likely contracted in April, a Reuters poll showed on Tuesday, as Donald Trump’s “Liberation Day” package of tariffs brought a sudden halt to two months of recovery. A Reuters …
AstraZeneca says may face further import tax fine from China
AstraZeneca on Tuesday said it had received an opinion from authorities in Shenzhen city of suspected unpaid import taxes of $1.6 million, adding that a fine of one to five times that amount may be…
China Offers Olive Branch to U.S. Firms After Boeing Delivery Halt
Beijing is willing to support normal business cooperation with American firms, China’s commerce ministry said, coming days after Chinese airlines were ordered to stop taking delivery of Boeing aircraft.
Shenzhen lags China in GDP, exports as tech hub preps for tariff wave
The southern metropolis failed to beat the national average, even as exporters locked in early orders to get ahead of US tariffs.
Chinese airlines and Boeing severely hit by tariffs, Beijing says
BEIJING (Reuters) -Chinese airlines and Boeing have been severely affected by U.S.-imposed tariffs, China’s commerce ministry said on Tuesday, saying it hopes Washington will listen to companies’ …
