SHANGHAI (Reuters) – Chinese officials met with Walmart this week to discuss media reports that the U.S. retailer has asked Chinese suppliers to slash prices to offset U.S. tariffs on goods from China, according to CCTV-affiliated social media posts. The posts, published on Wednesday on the Weibo account of Yuyuantantian, which is affiliated with state-run…
China’s customs chief Yu Jianhua, who helped China fight its trade war with the US during Donald Trump’s first term in the White House, has died suddenly aged 63. Yu was suddenly taken ill on Tuesday and died despite receiving emergency treatment, the customs office said in a statement. He had made his last public…
BEIJING (Reuters) – Foreign direct investment into China amounted to 580.19 billion yuan ($81.80 billion) in January-August, down 31.5% from the same period last year, the Chinese commerce ministry said on Saturday. The slump was bigger than the 29.6% fall during Jan-July. ($1 = 7.0930 Chinese yuan renminbi) (Reporting by Ellen Zhang and Ryan Woo;…
BEIJING (Reuters) – The United States should immediately lift all tariffs on Chinese goods, the Chinese commerce ministry said on Thursday, ahead of an announcement by the Biden administration on expected hikes in levies on Chinese-made items, including electric vehicles. The U.S. is expected to make its final determination in the coming days after delaying…