Anniek Yunxin Bao

Asia–Pacific (APAC)

Asia Economy Reporter at CNBC

@CNBC Reporter, covering markets and business out of Singapore. Previously @WSJ @Reuters @Caixin. Tips/pitches: [email protected]

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Articles

China targets U.S. services and other areas after decrying 'meaningless' tariff hikes on goods

1 week ago | cnbc.com | Anniek Yunxin Bao

China last week announced it was done retaliating against U.S. President Donald Trump's tariffs, saying any further increases by the U.S. would be a "joke," and Beijing would "ignore" them. Instead of continuing to focus on tariffing goods, however, China has chosen to resort to other measures, including steps targeting the American services sector. Trump has jacked up U.S. levies on select goods from China by up to 245% after several rounds of tit-for-tat measures with Beijing in recent weeks.
China replaces top trade negotiating official as talks with Washington stall

1 week ago | nbcdfw.com | Anniek Yunxin Bao
China replaces top trade negotiating official as talks with Washington stall

1 week ago | nbcphiladelphia.com | Anniek Yunxin Bao
China replaces top trade negotiating official as talks with Washington stall

1 week ago | cnbc.com | Anniek Yunxin Bao

Trade tensions between the world's two largest economies have escalated in the last two weeks. Dilara Irem Sancar | Anadolu | Getty ImagesChina on Wednesday appointed Li Chenggang as vice minister of commerce and a top representative for International trade negotiation, according to an official statement, replacing Wang Shouwen. This is breaking news. Please refresh for updates.
China's first-quarter GDP tops estimates at 5.4% as growth momentum continues amid tariff worries

1 week ago | cnbc.com | Anniek Yunxin Bao |Evelyn Cheng

China's economy expanded by a better-than-expected 5.4% in the first quarter, maintaining a strong momentum, even as U.S. tariff threats prompt major investment banks to slash the country annual growth outlook. The first-quarter GDP topped Reuters poll expectations for a 5.1% growth year on year, building on a recovery that began in late 2024, thanks to a broad policy stimulus push. Retail sales in March rose by 5.9% year on year, sharply beating analysts' estimates for a 4.2% growth.
China's first-quarter GDP tops estimates at 5.4% as growth momentum continues amid tariff worries

1 week ago | flipboard.com | Anniek Yunxin Bao |Evelyn Cheng

5 hours agoAI might replace jobs, but it also has the potential to help start new companies. Big Tech companies may not say outright that AI is replacing people, but one tech investor is — and he says two professions, in particular, should watch out. "Big companies talk about, like, 'AI isn't replacing people, …
China exports skyrocket over 12% in March while imports extend declines, official data shows

1 week ago | cnbc.com | Anniek Yunxin Bao

China's exports jumped more than expected in March as businesses kept frontloading outbound shipments to avoid prohibitive U.S. tariffs, while imports extended declines as domestic demand continued to weaken. Exports jumped 12.4% last month in U.S. dollar terms from a year earlier, according to data released by customs authority on Monday, beating Reuters' poll estimates of a 4.4% growth. Imports slipped 4.3% in March from a year earlier, compared with the economists' expectations of a 2% decline.
China strikes back with 125% tariffs on U.S. goods, starting April 12

1 week ago | cnbc.com | Anniek Yunxin Bao

China has retaliated against the U.S. President Donald Trump's reciprocal tariffs by raising its levies on U.S. goods to 125% from 84%, Customs Tariff Commission of the State Council said in a statement on Friday. "Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy," the statement said, according to a CNBC translation.
How China's exporters are scrambling to mitigate the impact of punishing U.S. tariffs

1 week ago | cnbc.com | Evelyn Cheng |Anniek Yunxin Bao

BEIJING — U.S. has raised tariffs on Chinese imports to triple digits. For China's exporters, it means raising prices for Americans while accelerating plans to diversify operations — and, in some cases, stopping shipments entirely. U.S. consumers could lose access to certain products in June since some American companies have halted their plans to import textiles from China, said Ryan Zhao, director at Jiangsu Green Willow Textile.
China consumer prices drop 0.1% in March signaling rising deflationary pressures

2 weeks ago | nbcchicago.com | Lim Hui Jie |Anniek Yunxin Bao

Consumer prices in China slid 0.1% year on year in March, remaining in deflationary territory after having contracted 0.7% in February. Economists polled by Reuters had expected a flat reading compared to the same period last year. Producer prices saw a larger-than-expected decline, falling 2.5% year on year in March. This is the largest contraction since November 2024, and also marked the 29th straight month that producer prices have been in deflationary territory.

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Anniek Bao @anniekbyx

11 Mar 25

RT @chengevelyn: China has named consumption as its priority for the first time in a decade, per Morgan Stanley While it's not cash handou…

Anniek Bao @anniekbyx

17 Feb 25

While the Xinhua statement was kept short, state media CGTN reiterated that Chinese lawmakers were “deliberating a draft of the country’s first basic law focused on private sector growth.” https://t.co/MevGKXgEx3

Anniek Bao @anniekbyx

3 Feb 25

Trump's 10% tariffs on all goods imported from China could drag the nation's GDP growth to below 5% this year, economists warned. via @CNBCi https://t.co/9EN8PSiCCE

Anniek Yunxin Bao

Articles

China targets U.S. services and other areas after decrying 'meaningless' tariff hikes on goods

China replaces top trade negotiating official as talks with Washington stall

China replaces top trade negotiating official as talks with Washington stall

China replaces top trade negotiating official as talks with Washington stall

China's first-quarter GDP tops estimates at 5.4% as growth momentum continues amid tariff worries

China's first-quarter GDP tops estimates at 5.4% as growth momentum continues amid tariff worries

China exports skyrocket over 12% in March while imports extend declines, official data shows

China strikes back with 125% tariffs on U.S. goods, starting April 12

How China's exporters are scrambling to mitigate the impact of punishing U.S. tariffs

China consumer prices drop 0.1% in March signaling rising deflationary pressures

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X (formerly Twitter)