The Justice Department Wednesday said a ringleader and company insider have both pleaded guilty to defrauding biochemical company Sigma-Aldrich Inc., illegally exporting company products to China.
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Biden Tariffs Revive The China Trade War But Trump’s Stance Is Riskier
Biden’s motive for increasing tariffs is to demonstrate he can be tough on China, but his targeted stance is less risky than Trump’s sweeping proposals.
China’s local govt bodies ask Evergrande EV unit to return $262.4 mln subsidies
China Evergrande New Energy Vehicle said on Wednesday its unit had received a letter from the country’s local administrative bodies demanding repayment of 1.9 billion yuan ($262.42 million) given as …
China levies sanctions against 12 US military-linked companies
and “seriously undermines” China’s sovereignty and territorial integrity. Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you. We’ve added you…
British firms in China report improved environment, but outlook still ‘pessimistic’
Though its member firms feel conditions have improved for doing business, the British Chamber of Commerce in China said negative sentiment will only be dissipated through sustained, targeted policies.
China should hike tariffs on large cars to 25%, says research body
China should raise its import tariffs on large gasoline-powered cars to 25%, a government-affiliated auto research body expert told China’s Global Times newspaper as the country faces sharply higher U …
China’s next shock is coming – and Britain and Europe are sitting ducks
The EU will be forced to follow Joe Biden’s tariffs against China whether it likes it or not, otherwise Europe will alone face the concentrated trade shock from Xi Jinping’s predatory mercantilism.
Europe must defend itself or be crushed by China’s export tsunami
The EU will be forced to follow Joe Biden’s tariffs against China whether it likes it or not, otherwise Europe will alone face the concentrated trade shock from Xi Jinping’s predatory mercantilism.
China’s durian prices drop as Vietnam steps in to make up for gaps in Thai supply
China’s durian market is showing signs of change, with a drop in price attributed to more supply from Vietnam, a deadly heatwave in major exporter Thailand and a tightening of consumer budgets.
Canada’s Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country’s…
Chinese Business Group Warns of Tariff Increases on Car Imports in Response to U.S., EU Moves
A Chinese business group warned of possible tariff increases on car imports in retaliation for moves by the U.S. and European Union on Chinese electric vehicles, as trade tensions escalate between China and the West.
British firms expecting hard time in China market, lobby group warns
British firms expect doing business in China to become harder over the next five years, a British business lobby group said on Wednesday, as Beijing strives to halt a retreat in foreign funds from a…
‘Are You Better Off?’ Asking Reagan’s Question in Xi’s China
Unlike his reform-era predecessors, Xi Jinping can’t count on rapid gains in prosperity to underpin support for Communist Party rule.
