The United States is aiming for a possible extension of the tariff pause with China, US Trade Representative Jamieson Greer said in a television interview released on Sunday. Confronted by a CBS News journalist with claims from the Chinese side that the current deadline of August 12 would be postponed, Greer said: “That’s something we’re…
Two gatherings in Beijing on Wednesday set the scene for China’s response to ongoing global economic disruptions. A meeting of the CPC’s Politburo pledged to maintain current macroeconomic policy, to “stabilize the fundamentals of foreign trade and investment,” and to support companies impacted by economic shocks. Chinese President Xi Jinping also led a gathering of non-Party…
US Treasury Secretary Scott Bessent said on Friday that meetings with his Chinese counterparts this week “advanced our talks”, but stopped short of confirming that US President Donald Trump approved the consensus that Beijing claimed they had reached. “This week’s negotiations in Stockholm have advanced our talks with China, and I believe that we have…
The US government sent mixed messages on Thursday on where the latest trade agreement with China, including a possible extension of the pause on tariff hikes, is headed. Asked by a reporter at the regular press briefing whether an extension of the current pause on import tariffs aimed at each others’ products “was on the…
US President Donald Trump said on Wednesday that talks with China on a tariff deal were “moving along well” and that the countries would reach a “fair” deal on trade, without offering additional details of the agreement. “We’re moving along with China. We’re doing fine with China,” Trump told reporters before leaving a bill-signing ceremony…
Chinese President Xi Jinping recently commemorated the 120th birth anniversary of Chen Yun, one of the foundational economic planners of the Communist Party of China. Amid the commemoration’s celebratory tone, Xi’s speech signals a rhetorical shift. The references to communist conviction so prominent in the 2015 address delivered for Chen’s 110th birthday were relatively sparse…
The Hang Seng Index gained 0.7 per cent to 24,329.11 at 10.56am local time, while the Hang Seng Tech Index advanced 0.5 per cent. On the mainland, the CSI 300 Index strengthened 0.6 per cent and the Shanghai Composite Index added 0.4 per cent. BYD gained 1.2 per cent to HK$137.20 after it joined other…
China on Wednesday removed Vice Commerce Minister Wang Shouwen from his role as trade negotiator and replaced him with a former Chinese representative to the World Trade Organization, amid an escalating tariff war with the United States. Li Chenggang, 58, who previously served as Assistant Commerce Minister during the first Donald Trump administration, has taken…