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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…

EU exported 29.8 billion worth of alcoholic beverages

In 2024, the EU exported €29.8 billion worth of alcoholic beverages, indicating a 10.9% increase since 2019 (€26.9 billion).  Exports were dominated by wine of fresh grapes, including fortified wines, representing 56.2% (€16.8 billion) of all alcoholic beverages. Spirits and liqueurs up the second biggest category, with 29.7% of the total (€8.9 billion), followed by…

China’s gold output sees steady growth in Q1 of 2025

China’s gold output saw steady growth in the first quarter of 2025, according to industry data published on Monday. China produced 87.24 metric tons of gold in the first quarter, up 1.49 percent from the previous year, according to data released by the China Gold Association (CGA). In the first three months, gold consumption in…

Wumart steps forward to help exporters

On Sunday, Wumart Group, introduced its first batch of products sourced from exporting enterprises at its Xueqing Road store in Beijing. [Photo provided to chinadaily.com.cn] On Sunday, Wumart Group, a major retailer based in Beijing, introduced its first batch of products sourced from exporting enterprises at its Xueqing Road store in Beijing. This initiative aims to…

China’s industrial profits up 0.8% in Q1

BEIJING – The combined profit of major industrial enterprises went up 0.8 percent year-on-year in the first quarter of 2025, a reversal of the 3.3 percent decline in 2024, the National Bureau of Statistics (NBS) said on Sunday. The growth ended the profit downturn that had persisted since the third quarter of last year, NBS…

Accidents at work down 5% in 2022 from 2017

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Schaeffler debuts at Auto Shanghai after Vitesco merger

Schaeffler shows its cutting-edge products at Auto Shanghai 2025, which runs to May 2. [Photo by Li Fusheng/chinadaily.com.cn] German auto supplier Schaeffler is showcasing its latest products and solutions at the ongoing Auto Shanghai, making its debut after merging with Vitesco Technologies. The combined portfolio emphasizes advancements in electrification and intelligent applications. “We’re excited to…