The U.S. President was now reportedly seeking “quick wins” with China, rather than addressing the substantial trade deficits between the two countries.
The large-scale audit reviewed over 75,000 vehicles and highlighted growing regulatory pressure on China’s auto sector, especially as Beijing targets fraud linked to its defunct EV subsidy program.
The report stated that construction continues in Yiwu County, a region on the edge of the Gobi Desert in Xinjiang, which has access to both a vast supply of renewable energy and coal.
The transshipment levy would deal a blow to products with components from countries that would require only minimal final assembly before being exported to the U.S.
According to data from the country’s National Bureau of Statistics, the official purchasing managers’ index (PMI) rose marginally to 49.7 compared with 49.5 in the previous month.
The Chinese spokesperson stated that teams from the U.S. and China maintained close communication following the high-level talks held in London on June 9-10.
Shipping rates on the Shanghai-to-U.S. West Coast route have reportedly found a near-term floor at around $2,500 per 40-foot container, after rising to about $6,000 per month.
Alibaba's AI and retail innovations make it a top player in China's ETF market, attracting attention from thematic ETFs and boosting its growth narrative.
This would mark the third time that Trump has put off enforcing a federal law requiring TikTok’s sale or ban, which was originally supposed take affect the day before his January inauguration.
The unexpected growth offers some confidence in the Chinese economy and relief to policymakers already pushing revival efforts in the backdrop of weakness in various sectors.
According to a Bloomberg report, Beijing seeks to enlist young social media influencers with at least 300,000 followers to collaborate with Chinese content creators.
The U.S. has agreed to remove some restrictions on tech exports if it does the same with rare earth minerals, which are key inputs in a host of industries, such as energy, technology, and defense products.
