The US imposed a 12.5% tariff on Chinese goods, alleging China had failed to curb imports made with forced labour. (NurPhoto pic) BEIJING: China’s commerce ministry said on Monday that new US tariffs imposed on Chinese goods over alleged forced labour were unjustified and amounted to protectionism, and urged Washington to remove them. On Friday, the US imposed…
DMCC has signed a strategic Memorandum of Understanding with Hong Kong Tinkam Capital. Image courtesy: DMCC To explore development of power and energy equipment production park in Dubai Press Release Dubai, UAE: DMCC, the leading international business district that drives the flow of global trade through Dubai, has…
China’s foreign minister Wang Yi (centre right) and India’s foreign minister Subrahmanyam Jaishankar (centre left) at the 57th Asean foreign ministers’ meeting in Vientiane last year. (AFP pic) NEW DELHI: Indian foreign minister S Jaishankar said on Wednesday he told his Chinese counterpart Wang Yi that the neighbours should tackle key aspects of relations, such…
The exterior of the North Korean consulate in Dandong, Liaoning province, China. / Image: Daily NK As hopes fade for a resumption of Chinese group tours to North Korea, travel agencies are pivoting to a new product this year: business trips. Agencies that once aggressively marketed North Korea tourism now sell visits framed as business…
NEWYou can now listen to Fox News articles! A new model shows devastating economic losses for U.S. companies if South Korea adopts controversial legislation that would regulate transactions with some American firms as lawmakers warn that the country’s leadership is now “closely aligned with China.” The Online Platform Fairness Act, which is spearheaded by the…
China requested WTO consultations with India over measures it alleges discriminated against Chinese imports. (Reuters pic) GENEVA: The World Trade Organization said Tuesday it would examine a Chinese complaint over Indian measures that China claims impede its export of solar and information technology goods. The WTO said that its Dispute Settlement Body (DSB) had agreed…
An aerial view of downtown Sinuiju taken from the Chinese side of the border. (Wikimedia Commons) North Korean trade workers in China are facing tighter surveillance as Pyongyang and Beijing look to expand trade following a recent summit between the two countries, a source told Daily NK on Friday. The crackdown appears aimed at heading…
China has warned Australia it could be slapped with an additional 55 per cent tariff on beef imports within days if it exceeds new shipment quotas. Starting this year, Beijing introduced new quota and tariff arrangements for major beef-importing countries, including Australia, in a bid to protect local farms and beef producers. Australia’s annual import…
Chinese leader Xi Jinping warned his party’s ruling elites this year that failure to understand emerging technologies could see China cede ground in the race to dominate the future of the global economy. “Leading cadres at all levels must effectively strengthen their knowledge of frontier science and technology, improve their professional capabilities and make efforts…
Hong Kong has established an international commercial court specialising in adjudicating major cross-border disputes, with the justice chief saying it will strengthen the city’s role as a global legal hub under the national plan. The Hong Kong International Commercial Court (HKICC) was launched on Thursday as a dedicated platform for global enterprises to resolve high-value…