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3 weeks ago |
scmp.com | Sylvia Ma |Kandy Wong
US President Donald Trump’s elimination of the “de minimis” exemption for Chinese goods will ultimately hurt American consumers, while Chinese cross-border e-commerce firms are facing a hit but could remain “competitive” despite the harsher market conditions, according to analysts.
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3 weeks ago |
scmp.com | Sylvia Ma |Kandy Wong
The United States’ annual report on global trade barriers, released days before President Donald Trump is expected to announce a slew of “reciprocal tariffs”, carries some clues about what markets will be targeted in the future, analysts said – and the considerable volume of pages dedicated to China confirms the world’s second-largest economy will be at the top of Trump’s agenda.
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3 weeks ago |
thestar.com.my | Sylvia Ma |Alice Li
In the face of trade protectionism and rising global uncertainties, China and the entirety of Asia can find ways to work together, one of China’s high-ranking vice-premiers said, while reiterating support for foreign investors “regardless of external changes”.
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4 weeks ago |
scmp.com | Sylvia Ma |Alice Li
In the face of trade protectionism and rising global uncertainties, China and the entirety of Asia can find ways to work together, one of China’s high-ranking vice-premiers said, while reiterating support for foreign investors “regardless of external changes”.
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1 month ago |
scmp.com | Mia Nulimaimaiti |Orange Wang |Sylvia Ma
China has reported a 4 per cent growth in consumption in the first two months of 2025, a modest increase that keeps the pressure on policymakers as China strives to achieve its ambitious annual economic growth target of “around 5 per cent”. The 4 per cent jump in retail sales for January and February, released by the National Bureau of Statistics (NBS) on Monday, was up from the 3.7 per cent growth recorded in December and below the 4.5 per cent forecast by Chinese financial data provider Wind.
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1 month ago |
scmp.com | Ralph Jennings |Kandy Wong |Sylvia Ma
During his first term in office, US President Donald Trump decried the utility of bitcoin and other cryptocurrencies, saying their value was based on “thin air”. But since his campaign for a second term – which put him back in the White House in January – he has taken on a decidedly different tone. Trump gathered CEOs and investors for a first-ever White House summit dedicated to digital assets on Friday, where he stated the country would be the “crypto capital of the world”.
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1 month ago |
scmp.com | Ralph Jennings |Kandy Wong |Sylvia Ma
New tariff increases from the United States on goods from several trading partners – including an additional 10 per cent on Chinese imports atop those previously imposed – could be the opening shots of one of the “most significant” trade wars in a century, analysts said. With these increases, they warned, Chinese exporters could be in for even deeper pain this year, especially if more hikes come in the absence of a bilateral trade deal.
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1 month ago |
flipboard.com | Ralph Jennings |Kandy Wong |Sylvia Ma
3 hours agoSome governments want to challenge the president; some want to emulate him. But most just want to stay out of his way. Two days before Chilean lawmakers passed a long-debated package of social security reforms in late January, a group of U.S. investors unhappy with the legislation sent an ominous …
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2 months ago |
scmp.com | He Huifeng |Sylvia Ma
In the wake of Chinese artificial intelligence start-up DeepSeek’s overnight success, the country’s universities are racing to create courses centred on the home-grown firm shaking up the global AI industry. Shenzhen University – located in China’s southern tech hub – has partnered with Tencent Cloud to introduce a general AI course based on DeepSeek, according to a Monday post on its official social media account. The class will be available to students starting this semester.
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2 months ago |
scmp.com | Sylvia Ma
The global trade system has been profoundly reshaped since US President Donald Trump’s first term, with countries’ decisions increasingly driven by geopolitical considerations, according to a new report by McKinsey. The findings raise pressing questions about how Trump may further influence these dynamics over the next four years, with his repeated tariff threats making headlines even before his inauguration.