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2 days ago |
scmp.com | Ji Siqi |Ralph Jennings |Kandy Wong
After Chinese President Xi Jinping and US President Donald Trump held a highly anticipated call on Thursday, analysts said future economic negotiations between the two powers would likely focus on tech-related issues, with both sides eager to address export control “chokepoints”.
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3 weeks ago |
scmp.com | Ralph Jennings |Fan Chen |Ji Siqi
Beijing’s moderate relaxation of export controls on some rare earths – raw materials essential in hi-tech and aerospace hardware – as part of a trade truce with the US reflects China’s goodwill in striving to de-escalate tensions even as it remains firmly in control of those critical metals, according to analysts.
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3 weeks ago |
scmp.com | Luna Sun |Ji Siqi
China and the United States have agreed to remove the majority of tariffs imposed since April 2, a breakthrough following high-stakes talks that could help resolve a trade war that had raised import duties to unprecedented levels. The two countries made the announcement in a joint statement released on Monday.
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4 weeks ago |
scmp.com | Alice Li |Ji Siqi
Top Chinese and US trade officials held high-stakes talks over the weekend on easing a trade war that has disrupted global supply chains and triggered concerns over a prolonged economic downturn, as the world watched intently for the outcome. Chinese Vice-Premier He Lifeng, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer resumed negotiations in the Swiss city of Geneva shortly after 10am local time on Sunday, according to Agence France-Presse.
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1 month ago |
scmp.com | Ji Siqi |Alice Li
China has warned that it will not sacrifice its principles to reach an agreement with the United States, as Beijing urged Washington to drop its tariffs ahead of their first trade talks since US President Donald Trump began ramping up duties on imports from the world’s second-biggest economy. “China’s firm opposition to the US’ abuse of tariffs has been consistent.
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1 month ago |
scmp.com | Alice Li |Mandy Zuo |Ji Siqi
China announced a raft of supportive measures to shore up its economy and stabilise capital markets on Wednesday, in a move seen as bolstering Beijing’s position ahead of upcoming trade talks with the United States. Top officials from China’s central bank and financial regulators said they planned to cut interest rates, reserve ratio for banks to release liquidity into the markets, and ramp up support for consumers and businesses affected by US tariffs during a joint press conference in Beijing.
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1 month ago |
flipboard.com | Alice Li |Mandy Zuo |Ji Siqi
10 hours agoIt’s no secret this economy is slowing—at least in the near term. That’s given us contrarians a (time-limited!) buy window on the “dividend twofer” we’re going to dive into today. One of the tickers we’ll talk about below pays a sturdy 7% now. The other yields 4.9% and sports a source of upside no …
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1 month ago |
scmp.com | Ji Siqi |Ralph Jennings |Alice Li
China’s confirmation that it is evaluating whether to reopen talks with the United States over a potential deal to de-escalate the trade war should not be interpreted as a softening of its position, as Beijing remains in no rush to engage, analysts said. Beijing said on Friday that Washington had been reaching out “through relevant channels, expressing a desire to engage in talks” – its first official acknowledgement in weeks of a US overture.
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1 month ago |
scmp.com | Ji Siqi |Luna Sun
With soaring tariffs bringing trade between the world’s two largest economies to an effective standstill, many restaurant owners on both sides of the Pacific are grappling with disruptions to their food supply chains. In China, the first to feel the pain were high-end restaurants with American steak and Boston lobsters on their menus. Kurt Wang, a chef at one such restaurant in Beijing, said 30 per cent of its beef was normally imported from the United States.
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1 month ago |
scmp.com | Ji Siqi |Alice Li
China’s Ministry of Commerce has said there have been no trade negotiations with the United States, saying any claims of progress on bilateral talks have “no factual basis” in a press conference on Thursday. “If the US truly wants to resolve the issue, it should heed rational voices from the international community and domestic stakeholders, completely abolish all unilateral tariffs on China, and find a solution through equal dialogue,” said ministry spokesman He Yadong. More to follow...