China Daily (Hong Kong)

1 day ago | chinadailyhk.com | Belinda Robinson

American customers of Chinese online discount retailers like Shein and Temu have caught a break on prices with a reduction in duties on packages. The Trump administration announced on Monday that it would reduce tariffs on low-cost packages that fall under the de minimis exemption from China to 54 percent from 120 percent. The de minimis tax law is a loophole that allows low-cost parcels to enter the US duty free and avoid customs inspections if they have a retail value under $800.

1 day ago | chinadailyhk.com | Wang Keju |Belinda Robinson

Business groups and economists have welcomed the tariff adjustment measures announced by China and the United States on Monday, expressing the hope that the 90-day triple-digit tariff respite will allow both countries to further de-escalate trade tensions.

3 days ago | chinadailyhk.com | Ouyang Shijia

China's tepid April consumer price levels have left ample room for stronger fiscal stimulus and further monetary policy easing, while the marginal increase in the core consumer price index has proved that previous stimulus measures eased some pressures driving down the prices of goods and services, economists and analysts said on Sunday. Looking ahead, the country has plenty of policy tools to cushion external shocks triggered by the United States' tariff hikes, they added.

5 days ago | chinadailyhk.com | Mo Jingxi

President Xi Jinping said China and Russia should maintain strategic resolve and coordination as the world is entering a new period of turbulence and transformation. Xi made the remarks on Thursday during a chat over tea with Russian President Vladimir Putin in Moscow.

5 days ago | chinadailyhk.com | Mo Jingxi |Zhao Jia

MOSCOW/BEIJING – President Xi Jinping attended a grand parade in Moscow on Friday to mark the 80th anniversary of the victory in the Soviet Union's Great Patriotic War. Xi, hosted by Russian President Vladimir Putin, was among the more than 20 leaders of countries and international organizations who attended the commemorative event in Red Square. The Honor Guard of the Chinese People's Liberation Army, consisting of 119 members, joined the parade.