Raise prices or cut into their margins, open or close factories: carmakers must soon make major decisions as the United States imposes stiff tariffs on imported vehicles. The 25-percent tariffs that the administration of President Donald Trump started to impose from Thursday apply to cars and parts not manufactured in the US. Even US automakers…
A worker waters planted mushrooms in Kigali, Rwanda’s capital, on April 5, 2024. DONG JIANGHUI/XINHUA ADDIS ABABA — China’s successful experience and technological advancements serve as an instructive model for driving Africa’s agricultural modernization ambitions through robust industrialization, energy development and human capital enhancement, a United Nations Industrial Development Organization official said. Dejene Tezera, director of…
A drill site of Sinopec’s Shengli Oilfield in Dongying, Shandong province. WANG GUOZHANG/FOR CHINA DAILY In a strategic move to boost capacity to meet the escalating global demand for high-quality petrochemicals, China Petroleum and Chemical Corp (Sinopec) and Saudi Aramco have signed a Venture Framework Agreement to develop a fully integrated petrochemical complex at their…
Thermal coal loaded onto a ship at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China’s coal consumption is expected to peak around 2028, the China National Coal Association forecast on Wednesday. Zhang Hong, a spokesperson for the association, said: “It’s important to note that reaching the peak around 2028 doesn’t automatically signify an immediate…
A trader reacts in despair while watching the index at the Chicago Board Options Exchange in Chicago, the US state of Illinois, on Tuesday. NAM Y. HUH/AP Wayne, an IT worker from Houston, Texas, said he does not need economic experts or the media to tell him how the tariffs will impact him and his…
In response to new rounds of United States’ tariffs and ongoing global supply chain disruptions, Chinese retailer Yonghui Superstores launched a “green channel” initiative aimed at supporting domestic supply chain enterprises grappling with stockpiles caused by export challenges. The initiative, unveiled on April 7, includes fast-track product placement within 15 days, targeted promotional support, and…
China Petroleum and Chemical Corp (Sinopec) signed a Venture Framework Agreement (VFA) with Aramco and Yanbu Aramco Sinopec Refining Company (Yasref) on Tuesday for a major petrochemical expansion at Yasref in Yanbuon in the west coast of Saudi Arabia. The agreement seeks to advance engineering studies for the development of a fully-integrated petrochemical complex at…
Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] China has called on the United States to work with Beijing toward the same direction, to resolve respective concerns and jointly promote the sound, stable and sustainable development of China-US economic and trade relations, according to a white…
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BEIJING — China’s State Council Information Office on Wednesday released a white paper titled “China’s Position on Some Issues Concerning China-US Economic and Trade Relations.” Please see the attachment for the document. China’s Position on Some Issues Concerning China-US Economic and Trade Relations Tanks to chinadaily.com.cn Please visit: Our Sponsor