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U.S. inflation: Will scrapping China tariffs be the cure?

President Joe Biden’s decision to review the legacy of U.S.-China trade war started by his predecessor is now under the spotlight for reasons other than still tense relations between Washington and Beijing: inflation at home. The inflation rate hit a 40-year high in May as consumer prices surged 8.6%, the Department of Labor said on Friday. From gas […]

China’s trade with Belt and Road countries enjoys robust growth

China’s economic and trade ties with countries along the Belt and Road have strengthened significantly over the past decade, an official said Friday. “Despite the protracted COVID-19 pandemic and complicated international situation, the building of the Belt and Road Initiative continues to demonstrate strong resilience and vitality, injecting strong impetus into global openness and cooperation […]

China’s trade seen faltering in April as COVID curbs hit output

China’s export growth is expected to have slowed to a crawl in April as strict COVID-19 curbs hit production while imports likely extended declines, creating heavy headwinds for the world’s second-largest economy in the second quarter. The trade sector, which accounts for about a third of gross domestic product and employed 180 million people in […]

Why Chinese bankcard chips may not ease Putin’s economic pain

Cut off from international payments systems by Western-led sanctions, Russia has turned to China to obtain the microchips it needs to meet surging demand for its domestic bank cards. But while Chinese manufacturers may be able to provide a quick fix for Russia’s besieged financial institutions, they are unlikely to be able to substantially ease […]

Asia-Pacific stocks mixed as data shows China’s exports rose more than expected

Shares in Asia-Pacific were mixed on Wednesday as investors watched for market reaction to the release of Chinese trade data. New Zealand also hiked its rate by 50 basis points, its biggest increase in more than 20 years. Mainland China’s Shanghai composite slipped 0.82%, closing at 3,186.82 while the Shenzhen component dropped 1.601% to 11,568.17. Hong Kong’s Hang Seng index rose […]

The numbers behind India and Australia’s $100-billion trade target

India and Australia signed an interim free trade agreement on April 2. The India-Australia Economic Cooperation and Trade Agreement “provides zero duty exports to 100% tariff lines from India to the Australian market, benefiting labour-intensive sectors besides providing greater access to services space through liberalised visa norms for students and professionals, including quota for Indian […]

Russia-Ukraine conflict starts to affect China-Europe trade

Chinese traders and logistics service providers have been ramping up efforts to cope with the rapidly evolving situation in Europe, as the Russia-Ukraine conflict raised concerns over potential impact on certain aspects of the China-Europe freight train and shipping routes by sea and air. While the actual impact remains unclear given the fast changing developments, […]

China Risks Going To Economic Hero To ‘Zero’ In 2022

Far from being a growth engine in 2022, China is setting itself up as the top risk to global economic stability.

US accuses China of failing to meet free-trade agreements

The United States has accused China of failing to meet its commitments to the World Trade Organization (WTO) and says it is exploring new ways to combat aggressive Chinese trade practices. In its annual report on Chinese compliance with WTO rules, the Office of the US Trade Representative said Wednesday that China isn’t keeping the […]

China’s tech giants push toward an $8 trillion metaverse opportunity — one that will be highly regulated

Imagine this: the metaverse with Chinese characteristics. That’s how the virtual world that everyone’s talking about will likely look in the world’s second-largest economy. China’s technology giants are beginning to invest in the metaverse — the latest buzzword in internet technology. It’s a term with no concrete definition, but largely taken to mean virtual worlds that […]


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