A Boeing 737 Max, which was set to be added to the Xiamen Airlines fleet, returned to Boeing’s Seattle airbase after high tariffs of US imports into China prompted the higher costs of purchasing the…
Tagged By beijing
China central bank urges state-owned businesses to prioritise yuan in overseas expansion
China’s central bank said on Monday it was encouraging state-owned enterprises to prioritise yuan usage in payment and settlement in their overseas expansion, in what is seen as an official attempt to …
China’s Export-Led Growth Exposes Economy to Steeper Tariff Hit
China’s stronger-than-expected growth in the first quarter masks a key vulnerability: a growing dependence on foreign demand, which increases the threat of a sharper economic hit as trade tensions …
Beijing warns countries against U.S. trade deals at China’s expense
Beijing said deals to restrict trade with China in exchange for U.S. tariff relief are “bargaining with a tiger for its skin” — seeking the impossible from the unreliable.
China warns countries against making trade deals with the US unfavorable to Beijing
China on Monday warned other countries against making trade deals with the United States to China’s detriment. Governments including those of Taiwan, Japan and South Korea have begun negotiations with …
China sanctions US congress members, officials and NGO heads
China has imposed sanctions on some U.S. congress members, government officials as well as heads of non-governmental organisations for “egregious behaviour on Hong Kong-related issues”, its foreign ministry said on Monday.
At China auto show, EV makers to grapple with autonomous-tech crackdown, launch Tesla ‘killers’
More than 70 Chinese and international automotive brands will showcase more than 100 new or refreshed models at the Shanghai auto show this week, intensifying already cutthroat competition in the …
China Slashes US Commodities Purchases as Trade Tensions Worsen
China sharply reduced imports of many US commodities last month, in some cases to zero, as the trade war between the world’s two biggest economies intensified.
China Stops Imports of US LNG Amid Trade War, Custom Data Shows
China’s purchases of US liquefied natural gas plunged to zero in March after a sharp decline in the previous two months, as the trade war between the two biggest economies alters shipping routes.
China slashes US commodities purchases as trade war intensifies
Among the worst affected were purchases of LNG and wheat, which both fell to nothing in March. Read more at straitstimes.com. Read more at straitstimes.com.
US beef off the menu as the trade war hits Beijing’s American-style restaurants
At Home Plate BBQ, an American-style restaurant in Beijing, staff are reprinting menus. The U.S.-China trade war means American beef – once the star ingredient – will soon be off the table.
Beijing threatens countermeasures against countries “appeasing” US
While the rest of the world has been slapped with a blanket 10 percent tariff, China faces levies of up to 145 percent on many products. Beijing has responded with duties of 125 percent on…
China’s JD.com calls out anti-competitive pressures on food delivery couriers
Chinese e-commerce giant JD.com highlighted anti-competitive pressures on food delivery couriers in a social media post on Monday, alleging that other platforms were coercing couriers to avoid working …
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