A European business group in China has criticized Beijing’s retaliatory measures targeting medical device makers from the European Union, saying the move worsens ties between the two economic powers. “The European Chamber is deeply concerned by the announcement, as it marks a further escalation of EU-China trade tensions at a time when European businesses are…
Global commodities markets are stuck in a holding pattern after China’s latest effort to revive its economy focused on the much-needed restructuring of local government debt, but stopped short of stimulus measures that would directly boost domestic demand. Delivered by the finance ministry on Friday afternoon, Beijing’s move amounted to a hefty $1.4 trillion bailout…
Welcome to our guide to the energy and commodities markets powering the global economy. Today, reporter Dan Murtaugh explains China’s rising electricity demand and what that means for its green goals. Meanwhile, US tax breaks are funding China’s dominance in solar. To get this newsletter in your inbox, you can sign up here. Surging Chinese…