Category: Economy
Xi Jinping Says Efforts to ‘Choke’ China Cannot Succeed
China’s leadership is signaling that U.S.-led economic and technology pressure will not change Beijing’s development course. President Xi Jinping made the remarks at the Central Economic Work Conference in Beijing last Thursday. He uses the key economic planning meeting to ...
Xpeng in Talks with Malaysia’s EPMB for EV Production in 2026
China's EV maker Xpeng said Friday it is in negotiations to partner with Malaysia’s EP Manufacturing Bhd, or EPMB, to begin mass production of electric vehicles in Malaysia in 2026. The company said it plans to leverage EPMB’s existing capacity ...
Indonesia to Resume U.S. Tariff Talks After Reports Deal at Risk
Indonesia will send a negotiating team to Washington next week to resume tariff talks with the United States. Coordinating Economic Affairs Minister Airlangga Hartarto said Friday The move follows reports that a July trade framework is at risk. Airlangga said ...
WEEK IN REVIEW: Nvidia China Deal Tests U.S. Export Rules
China convened representatives from 43 countries at the United Nations in New York to establish the Group of Friends of Global Governance, a group dedicated to the implementation of China’s Global Governance Initiative. In a joint statement, the group said: “We emphasized that the international community must address ...
China’s Digital Payment Push Gains Ground in Uzbekistan
Competition among Chinese companies in Central Asia is not limited to the electric vehicle sector or the renewable energy industry. It is equally intense in the field of digital payments, where tech giants Alipay and WeChat Pay together handle more than ninety percent of mobile transactions ...
IMF Calls for RMB Appreciation
The head of the International Monetary Fund called on China to allow the renminbi to strengthen, increase domestic consumption, and reduce its dependence on exports IMF Managing Director Kristalina Georgieva told reporters in Beijing: “China is simply too big to generate ...
Mexico Approves Measure Raising Tariffs on Chinese Imports
Mexican lawmakers on Wednesday backed a measure to raise tariffs on goods from China and other countries that do not have trade agreements with Mexico, despite strong pushback from Beijing. The move, spearheaded by President Claudia Sheinbaum and approved by the ...
China’s Trade Surplus Tops $1 Trillion Despite Plunge in US-Bound Exports
By Peter Catterall China's towering annual trade surplus surpassed $1 trillion for the first time last month, data showed Monday, as a sharp drop in shipments to the United States was offset by surging exports to other major markets.
Macron Threatens China With Tariffs Over Trade Surplus
French President Emmanuel Macron said he has threatened China with tariffs if Beijing fails to take steps to reduce its massive trade surplus with the EU, in remarks published Sunday. "I told them that if they don't react, we Europeans will ...
Kenya Sees a Third Wave of Chinese Investment, Led This Time by Shandong
Over more than a decade in Kenya, the popular WeChat commentator Xiao Nie “小聂说事儿,” witnessed three waves of Chinese investment. The first came from Guangdong and Fujian, who are small-scale commodity traders. The second was led by Zhejiang entrepreneurs in manufacturing, wholesale, and e-commerce, followed by a ...
China Faces Rising Local Debt and Weak Land Revenues
China’s local government debt has reached unprecedented levels as a weak real estate market slashes land-sale revenues that cities once depended on. According to a report that cited Nikkei Asia, total debt raised directly by local governments and via ...
UnionPay Signs 11 New Cross-Border Payment Deals in Global Push
China’s UnionPay signed 11 new cross-border payment agreements this week as Beijing’s global payments push continues to gather partners from Southeast Asia to Latin America. The signings were announced in Shanghai. The latest group includes PayNet and Hong Leong Bank ...