US President Donald Trump shows an executive order on “reciprocal tariffs” at the Rose Garden of the White House in Washington, DC, the United States, on April 2, 2025. [Photo/Xinhua] The latest round of sweeping tariffs from the United States will impact many European companies’ supply chain operations in China and other parts of the…
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] BEIJING — China’s foreign exchange reserves have remained above $3.2 trillion for 16 straight months, official data showed Monday. The reserves amounted to $3.24 trillion at the end of March, up by $13.4 billion, or…
MUFG China is hitting a “sweet spot” as Chinese companies accelerate to expand their footprint in the Asian market, making China-related business increasingly crucial to the Japanese banking group’s layout in the region, said an executive. “We’ve been helping more and more of our clients operate and grow their business in this region in the…
An aerial photo taken on March 4, 2025 shows a vessel about to dock and unload containers at Qinzhou Port in Qinzhou, South China’s Guangxi Zhuang autonomous region. [Photo/Xinhua] Based on rough estimates, if the United States ends the duty-free “de minimis” treatment of low-value imports from China, each US household is projected to face…
People take photos with blooming flowers in Chaoyang district of Beijing on April 5, 2025. [Photo/Xinhua] Qingming Festival, or Tomb-Sweeping Day, fell on April 4 this year. It is a traditional Chinese festival during which people pay tribute to the dead and worship their ancestors. The holiday also provides a short break for China’s residents…
Consumers browse toys at a Jellycat counter in Shanghai on Jan 20. CHINA DAILY A normal-sized plush toy retails for around 50 yuan ($6.9) on average in China. However, a 31-centimeter version plush toy from London-based toymaker Jellycat is priced at 399 yuan or more, and flies off the shelves the moment it becomes available. These…
Shein and Temu logos are seen in this illustration taken on Aug 22. [Photo/Agencies] The Trump administration’s latest tariff policy to cancel tax exemptions on low-value packages from China will disrupt the international trade order and increase costs for US consumers, according to Chinese industry associations and experts. The policy to end the de minimis…
China fired off a sweeping package of robust countermeasures on Friday — including a 34 percent tariff hike and rare earth export controls — in response to the latest round of sweeping tariffs adopted by the administration of United States President Donald Trump. More forceful and precise counterstrikes are still in Beijing’s pocket if Washington…
The DuPont’s logo. [Photo/VCG] The State Administration for Market Regulation, China’s top market regulator, announced on Friday night that it has launched an investigation into DuPont China Group, a subsidiary of the US firm DuPont, for suspected monopolistic practices in violation of China’s Anti-Monopoly Law. The move came as China launched on Friday at least…
Investor sentiment worsened after US President Donald Trump announced that the United States would implement “reciprocal tariffs” on imports from multiple countries, sparking concerns over a potential economic downturn for not only the US but other economies too. Government leaders of Japan, the Republic of Korea and Australia have called for responsive measures while analysts…