The Chinese government vowed to increase oversight of the nation’s beleaguered solar industry, which has suffered billions of dollars in losses as an over-abundance of manufacturing capacity slashes prices. The Ministry of Industry and Information Technology said in a statement that it would strengthen its guidance over the industry to help it solve urgent problems….
China’s top leadership has pledged to curb aggressive price competition among businesses, aiming to accelerate efforts toward a unified national market to help boost domestic demand. Officials at a high-level economic meeting chaired by President Xi Jinping said they would crack down on “disorderly” low-price competition and phase out outdated industrial capacity, Xinhua News Agency…
China has an opportunity to act as an elder statesman, thanks to the spectacular own goals of Donald Trump’s tariffs. Usually cast as a disruptor of the postwar economic order, and sometimes relishing the reputation, Beijing has much to gain in the public-relations arena. The challenger can now present as the defender of the system….
President Xi Jinping has a nickname in China. Instead of calling him directly by name, people commonly use Da Da, or Mr. Big. After all, he is the nation’s most powerful politician in decades, serving a precedent-defying third term. He also dares to challenge the world’s biggest economy, and China’s only real rival, promoting a…
US President Donald Trump said his administration plans to speak with China, raising the possibility of a potential reprieve on a 10% tariff set to take effect in hours after he delayed levies on Canada and Mexico. Speaking to reporters in Washington on Monday, Trump said talks with China would take place “probably over the…
War and peace in our time will depend on the decisions of various world leaders, but these three presidents above all: Donald Trump in the United States, Xi Jinping in China and Vladimir Putin in Russia. So peer into their minds and take stock of the ideas floating around there. What you’ll find is not…
Shares in a unit of China’s No. 2 steelmaker rallied by their daily limit after President Xi Jinping toured one the firm’s plants and emphasized support for what he called “an important foundational industry.” State television showed Xi on a visit to a factory belonging to Bengang Steel Plates Co., a listed subsidiary of Ansteel…
President Donald Trump sought to dial up pressure on President Vladimir Putin to negotiate a deal to end Russia’s war on Ukraine by indicating he’s seeking to partner with China to try to reach a settlement. “Hopefully China can help us stop the war,” Trump said during a video address at the World Economic Forum…
For President Xi Jinping, the stage was set for an explosive start to Donald Trump’s presidency, after he campaigned on a promise to punish China with tariffs. Instead, the American leader’s first day back in office bought Beijing some unexpected breathing room. On the campaign trail, Trump floated tariffs on China around the 60% mark…
Supply Lines is a daily newsletter that tracks global trade. Sign up here. President Donald Trump held off unveiling China-specific tariffs on his first day on office, instead ordering his administration to address unfair trade practices globally and investigate whether Beijing had complied with a deal signed during his first term. Source link