Tag: China

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat.

China’s exports to the U.S. plunged 33% in August while overall growth slowed to its weakest in six months, weighed down in part by President Donald Trump’s crackdown on transshipments and as the impact of frontloading exports wanes.

China’s manufacturing activity unexpectedly returned to growth in August on the back of a recovery in new orders and export business, a private survey showed Monday, helped by an extended trade-war truce with the U.S.

China’s industrial profits slipped 1.5% from a year earlier in July, marking a notable recovery following months of steeper declines, signaling Beijing’s campaign against price wars has helped ease the strain on company profitability.

U.S. President Donald Trump on Monday stateside warned of steeper tariffs on China if exports of rare-earth magnets were curbed, threatening a precarious trade truce between the world’s two largest economies.

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.

China’s economy lost momentum in July, with growth faltering across the board, as weak domestic demand persisted and Beijing intensified efforts to curb excess capacity.

China’s market regulator has released draft guidelines aimed at enhancing oversight of smart connected electric vehicles, focusing on recalls, supervision, and advertising practices.

U.S. and Chinese officials began a second day of talks in Stockholm on Tuesday to resolve longstanding economic disputes and step back from an escalating trade war between the world’s two biggest economies.

U.S. senators from both major parties plan to introduce bills this week targeting China over its treatment of minority groups, dissidents and Taiwan, emphasizing security and human rights as President Donald Trump focuses on trade with Beijing.

China’s exports of rare-earth magnets to the United States in June surged more than seven times from the prior month, as American firms clamor to get hold of the critical elements following a preliminary Sino-U.S. trade deal.

China’s exports regained momentum in June as firms rushed out orders to capitalise on a fragile tariff truce between Beijing and Washington ahead of a looming deadline next month, with shipments to Southeast Asian transit hubs particularly strong.

Oil prices rose on Monday to their highest level in three weeks, as investors eyed further U.S. sanctions on Russia that may affect global supplies, while more oil imports by China also offered support along with signs of tighter supply.

China has called on the European Parliament to stop politicizing trade and economic issues and applying double standards on export controls, according to a statement from China’s mission to the European Union on Friday.

The U.S. government has rescinded its export restrictions on chip-design software to China, three of the largest players in the space announced on Thursday.

China’s factory activity unexpectedly returned to growth among export-oriented manufacturers in June, a private survey showed Tuesday, as the country shrugged off headwinds from trade disruption.

China’s manufacturing activity contracted for a third straight month in June, an official survey showed on Monday, despite Beijing’s stimulus efforts helping to stabilize certain aspects of the industrial sector.

The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion of artificial intelligence, according to four sources familiar with the planning.

The U.S. and China have confirmed details of a trade framework that seeks to allow rare earth exports and easing of tech restrictions, according to a statement released by China’s Ministry of Commerce Friday afternoon.

China’s industrial profits plunged 9.1% in May from a year earlier, in the latest sign that Beijing’s stimulus efforts are falling short in boosting enterprises’ profitability.