China caved on one of its major 125% tariffs against ethane imports from the U.S. on Tuesday, having initially imposed the tariff last month.
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Beijing lodges serious representations over Philippines’ moves
Beijing has lodged serious representations with the Philippines over its recent China-related negative moves, according to the Chinese Foreign Ministry.
China waives tariffs on US ethane imports, sources say
China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said on Tuesday, among a group of products that have been…
Could Shein’s IPO breathe new life into London’s stock market?
Chinese retailer Shein could be set for a blockbuster IPO on the London Stock Exchange. The listing would be a boon for the exchange, but could prove controversial.
China Market Update: Robotics Ecosystem Outperforms, IPOs Are On The Rise In Hong Kong
Asian equities were mixed but mostly higher overnight as Thailand and Taiwan outperformed while Malaysia and Singapore underperformed.
US tariffs could cost China 5–10 million jobs, ‘onus’ on Beijing, Bessent says
The administration later walked back its initial proposal, and announced April 9 it would immediately hike tariffs on Chinese goods to 145%, but scale back reciprocal tariffs on other countries for 90 …
Beijing to invest in blockchain, integrate into infrastructure
Beijing announced a blockchain development plan aiming for widespread industry adoption over the next two years.
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 …
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 …
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