Tag: China

China’s antitrust regulator has asked Anglo American to commit ​to supply the country with a steady flow of copper concentrate as a condition for approving its proposed $54 billion ‌merger with Canada’s Teck Resources, three people aware of the development said.

The Trump administration has been taking steps to turn China’s dependence on US ​aviation suppliers into leverage for trade negotiations, according to people familiar with the matter.

European steel exports have fallen by a fifth with production at historic lows as the industry contends with soaring energy costs, US tariffs and the knock-on impacts of vast oversupply from China.

Oil prices rose on Thursday, reversing earlier losses, following a report that Chinese refiners have suspended October fuel exports, further squeezing war-constrained energy markets.

China’s industrial profit growth slowed further in August as strength in technology ​manufacturing amid the AI boom was outweighed by persistently weak domestic ‌demand.

China and the United States have agreed to cut tariffs imposed on $60 billion worth of ‌goods imported from each other, on an array of products ranging from US corn to cosmetics, and from Chinese household appliances to toys.

US President Donald Trump welcomed Chinese President Xi Jinping to the White House on Thursday, with talks on trade and ​artificial intelligence and the growing strategic rivalry between the countries all in the spotlight during an elaborate state visit.

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded talks in New ​York on Sunday with the US side proposing a new AI safety notification mechanism for US President Donald Trump and Chinese President Xi Jinping to consider at their summit this ‌week.

China said President Xi Jinping will travel to the US to meet Donald Trump, a visit that comes with a one-year trade truce winding down.

President Donald Trump can now impose tariffs of up to 100% on countries purchasing oil from Russia, putting China and India squarely in the crosshairs.

China’s holdings of US Treasuries have fallen to the lowest since August 2008, underlining a shift in Beijing’s management of its reserves and a deepening rift between the world’s two largest economies.

China’s investment slump deepened and retail sales growth slowed further in August, while industrial output topped estimates with authorities warning of acute supply-demand imbalance at home.

China’s factory-gate inflation gathered pace in August and consumer price growth quickened, ​driven largely by elevated energy costs tied to supply risks from the Middle East war, even as underlying domestic ‌demand remained subdued.

China’s trade growth picked up in August, though imports missed expectations, a sign that domestic demand remains tepid as the world’s second-largest economy faces mounting pressure to rebalance trade.

China’s finance ministry will lead a combined $54 billion capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.

Some Chinese rare earth suppliers are declining to ship to the U.S. for fear of repercussions from Beijing, three sources said, ​underscoring how access to the materials remains an issue for the U.S. weeks before President Xi Jinping visits Washington.

Beijing has warned the US that it would retaliate against any significant expansion of the Trump administration’s new secondary sanctions relating to Iran that hit Chinese companies.

China’s industrial output softened last month and consumer spending was muted, underlining pressure on the country’s top leadership to accelerate fiscal stimulus spending and revive stronger growth in the second half of the year.

ASML’s stock fell Tuesday after a report that China is mass-producing a critical tool that the Dutch tech giant has long held a monopoly over.

China’s industrial profits rose 15.1% in June from a year earlier, according to data released Monday by the National Bureau of Statistics, slowing for a second straight month as easing energy prices took the edge off the price gains that had driven this year’s rebound.