The US and China stepped closer to a full tariff and trade deal on Thursday, making a pact to formally cement the informal trade understanding reached in Geneva talks in May. “We just signed with…
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Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit
Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it also warned that tariffs imposed by the Trump administration will cost it …
China’s 344 billion yuan chip fund switches tack to fight US curbs: sources
BEIJING] China’s main chip investment fund is planning to focus on the country’s key shortcomings in sectors like lithography and semiconductor design software, adjusting its approach to better …
China’s $50 Billion Chip Fund Switches Tack to Fight US Curbs
China’s main chip investment fund is planning to focus on the country’s key shortcomings in sectors like lithography and semiconductor design software, adjusting its approach to better overcome US …
China, US ‘reach agreement on trade deal framework’
China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift “restrictive measures” while …
China confirms trade deal framework reached with United States
China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift “restrictive measures” while Beijing would “review and approve” items under …
Nike to reduce China production as tariffs threaten $1 billion cost increase; stock up 11%
Nike (NYSE:NKE) on Thursday said it would cut its reliance on production in China to mitigate the impact of US tariffs on imports, and warned that President Donald Trump’s sweeping levies on key …
Trump tariffs live updates: Trump announces trade deal with China
President Donald Trump announced Thursday that the United States and China have formally signed a trade agreement, bringing an end to months of negotiations. The deal cements the informal …
China’s ‘Summer Davos’ offers rare respite from trade war
The World Economic Forum in China, which alternates between Tianjin and the city of Dalian, was paused for years during the pandemic. Its relaunch in 2023 was marked by a notable drop in US attendees…
Financial measures to support consumption
China is expected to enhance the multi-tier financial services system to support consumption, by better coordinating financial resources and guiding financial institutions to enhance services from …
AIIB hailed as pioneer in intl financial governance
The AIIB, proposed by President Xi Jinping in late 2013, started operations in January 2016 and its Board of Governors held its first annual meeting in June that year. The bank is designed to develop…
China urges AIIB to step up cross-border development funding
BEIJING (Reuters) — China’s finance minister on Wednesday urged the Asian Infrastructure Investment Bank (AIIB) to expand funding for cross-border connectivity projects in developing nations, citing …
Premier Li Qiang says China’s economy a ‘source of certainty’ amid global risks
Chinese premier says Beijing will play bigger role in global development and calls on Asian infrastructure bank to address challenges.
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