BEIJING: Chinese foreign minister Wang Yi on Tuesday urged Britain and the EU to safeguard multilateral trading systems, as Beijing seeks to rally support from trading partners to counter US tariff measures. Wang told British foreign secretary David Lammy in a phone call that China and Britain had a responsibility to uphold international order in…
Hong Kong authorities have proposed banning the use of konjac in cups of mini jelly under a certain size, following a coroner’s suggestion that the government consider prohibiting such products due to the risk of choking. The proposal was outlined in a paper to the Legislative Council ahead of a panel meeting on Thursday, with…
Donald Trump’s trade war may be a threat to China’s economy, but it may also offer a chance to improve relations with Europe and its neighbours in Asia, as well as “rehabilitating” its image internationally, according to analysts. Beijing has already started working to improve relations with these countries and forge alternative trade agreements and…
President Donald Trump on Thursday expressed confidence that the United States would reach a trade agreement with China, even as tensions between the two countries remain high and there is no clarity on when talks might resume. “Oh we’re going to make a deal,” Trump said from the White House in response to a reporter’s…
Chinese premium electric vehicle (EV) maker Xpeng introduced the latest version of its X9 multipurpose vehicle for the local market and aimed to launch it in Europe from July as part of its drive to quadruple its sales in export markets. The all-electric seven-seater vehicle will enter the mainland market with a starting price of…
With Beijing having spent the past decade finding ways to bolster the nation’s technological independence through its “Made in China 2025” (MIC2025) initiative, European companies with a stake in the world’s second-largest economy have watched with growing concern – fearful of becoming further marginalised. In the pursuit of China’s technological strides – aiming to be…
WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains. “I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office….
Britain has watched President Trump’s tariffs with a mix of shock, fascination and queasy recognition. The country, after all, embarked on a similar experiment in economic isolationism when it voted to leave the European Union in 2016. Nearly nine years after the Brexit referendum, it is still reckoning with the costs. The lessons of that…
CHANGES ARE COMING FOR THE CHINESE ELECTRIC VEHICLE MARKET AMID ONGOING GLOBAL TRADE TENSIONS. THE EUROPEAN UNION AND CHINA HAVE AGREED TO EXPLORE THE POSSIBILITY OF SETTING MINIMUM PRICES ON CHINESE-MADE EVS- AS AN ALTERNATIVE TO THE STEEP TARIFFS THE EU IMPOSED ON THESE ELECTRIC MODELS LAST YEAR. A EUROPEAN COMMISSION SPOKESPERSON CONFIRMED…
Chinese President Xi Jinping on Friday urged the European Union to join Beijing in resisting “unilateral bullying”, state media Xinhua reported. The Chinese president’s remarks come amid the trade war between China and the United States as President Donald Trump imposed 145% tariffs on Chinese goods. Chinese President Xi Jinping attends a bilateral meeting with…