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Business executives wary of global economic turmoil ahead

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Economists: Unite to oppose US tariff hikes

An aerial drone photo shows a view of the Tangshan Port in north China’s Hebei province, Jan 13, 2025. [Photo/Xinhua] As the United States clearly leverages tariffs as a bargaining chip in its dealings with trade partners, the rest of the world must stand together to respond in a cooperative manner, rather than negotiate for…

China to further support trade, fend off yuan overshooting amid tariff tensions

An aerial drone photo shows a view of the Tangshan Port in North China’s Hebei province, Jan 13, 2025. [Photo/Xinhua] China will introduce new foreign exchange policies that facilitate cross-border trade and financing while guarding the yuan stability, a senior official said, as part of the country’s ramped-up efforts to counter the shock stemming from…

Hainan proves open gateway for investment

Workers inspect and repair aircraft at a maintenance base in Hainan Free Trade Port in Hainan province on Feb 17. [Photo/Xinhua] As the first light of dawn bathes the shimmering shore of Hainan Free Trade Port, a vibrant tapestry of China’s opening-up unfolds. In Boao’s gleaming hospital buildings, physicians administer cutting-edge therapies under special regulatory…

Xinjiang foreign trade grows steadily in Q1

Xinjiang Uygur autonomous region’s foreign trade value totaled 108.16 billion yuan (about $15 billion) in the first quarter of 2025, up 15.4 percent year-on-year, according to Urumqi Customs. Specifically, the region’s exports reached 95.17 billion yuan while its imports stood at 12.99 billion yuan. The growth, mainly driven by strong exports demands and diversification of…

Gotion reports record high overseas revenue despite geopolitical tensions

Workers from the Chinese battery maker Gotion High-tech work on a production line to make batteries for new energy vehicles, in Hefei, Anhui province, on Feb 8, 2025. [Photo/Xinhua] Chinese battery maker Gotion High-tech reported a record overseas revenue of 11 billion yuan ($1.38 billion) in 2024, up 71.2 percent year-on-year, as it expanded aggressively…

Tariff response injects stability in global trade

CAI MENG/CHINA DAILY On April 2, United States President Donald Trump declared a so-called “Liberation Day” for the country, brandishing tariffs as weapons and launching surprise attacks across global trade. Trump claimed these measures were necessary to reclaim “economic sovereignty”, revive US manufacturing and reduce trade deficit. His arbitrary tariffs sent shock waves through the…

Manzhouli land port leads China-Europe railway lines in freight volume

Containers are stored at a railway container freight center in Manzhouli, Inner Mongolia autonomous region. [Photo by Fu Guoliangi/For chinadaily.com.cn] The largest land port on the China-Russia border — Manzhouli in the Inner Mongolia autonomous region — recorded 678 returned China-Europe freight trains in the first quarter of this year, a year-on-year increase of 7.1…

Domestic game creators step up charm offensive in overseas markets

GUANGZHOU – Before an audience of gamers from across the globe, Chinese game heavyweight TiMi Studio Group kicked off a charm offensive to pitch its open-world role-playing game (RPG), Honor of Kings: World, at the Game Developers Conference held in San Francisco last month. Accompanied by groovy Chinese rap songs, attendees witnessed the game’s debut,…

Beijing urges Washington to remove latest tariffs

Shipping containers are stacked at the Port of Long Beach on April 2, 2025, in Long Beach, California. [Photo/Agencies] China has urged the United States to fully remove all unilateral tariffs imposed on its exporters, emphasizing that a genuine resolution can only be achieved through equal and constructive dialogue, the Ministry of Commerce said on…