SINGAPORE : China’s leaders promised more government support for their struggling economy next year as they brace for the return of President-elect Donald Trump and another big showdown over trade. An annual gathering of top officials on the economy concluded with pledges to cut interest rates and boost government borrowing to pep up economic growth,…
A day after US President Joe Biden warned that Donald Trump’s plan for higher tariffs would be a “major mistake”, his own administration has levied costly new tariffs on imports of critical materials from China. The office of the US trade representative on Wednesday announced that import taxes for solar wafers and polysilicon, an essential…
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…
China got a head start on a looming trade war with the US by showcasing a new range of tools it’s prepared to use if Donald Trump makes good on his threat to punish the world’s second-biggest economy with tariffs. Restrictions imposed this month by the Biden administration on China’s access to vital components for…
China is set to begin its annual economic work meeting on Wednesday to map out policies for next year, with top leaders hinting at more forceful stimulus amid the threat of a potential trade war with the US. The two-day Central Economic Work Conference is expected to run through Thursday, focusing on setting the economic…
Bold signals from China’s policy makers this week have led to some high expectations for the stimulus to come. On the back of strong commitments from the Communist Party’s decision-making body to boost growth with a “more proactive” fiscal policy and a shift to a “moderately loose” monetary stance, economists are saying China may raise…
China’s sway over the global market is in noticeable decline. This week’s promise of bold economic support from the Chinese Politburo may have given local stocks a boost, but it barely registered elsewhere. The MSCI Asia Pacific regional benchmark was little changed in the first trading session after the announcement and stocks fell in Australia,…
Following a Xi-headed Politburo meeting, China looks set to ease its monetary policy stance in a first since the 2008-09 global meltdown. This comes in the view of Donald Trump’s return to the White House in the US. read more With the possibility of the second round of trade war looming as Donald Trump inches…
Taiwan said China restricted airspace off its southeastern coast and sent naval vessels near the strait separating them, a sign Beijing may hold military drills in one of the world’s most tense geopolitical hotspots. China reserved seven airspace areas east of its Zhejiang and Fujian provinces through Wednesday, the Taiwanese Ministry of National Defense said…
China’s top leaders signaled more stimulus for next year with the first shift in their monetary policy stance in some 14 years, as Beijing braces for a second trade war when Donald Trump takes office next month. The Politburo, comprising the ruling Communist Party’s most senior 24 officials and led by President Xi Jinping, announced…