The equation crafted by Trump’s team carries a two-pronged message that mirrors the president’s own thinking—blunt and stripped of nuance. The equation carries both a threat and a suggestion to negotiate—typical Trump: pressure upfront, negotiation as the fallback.Expressed in mundane terms, the equation says: NegotiationThreatNotice that Trump’s team set the trade elasticity at 0.25—but then…
Visitors enjoy sensational food in a tent next to a rapeseed flower field in Jiande city, East China’s Zhejiang province, March 23, 2025. [Photo/Xinhua] China’s consumer market continues to heat up in the first three months of this year, according to the latest research released by the State Information Center. The rise in consumption is…
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…
Chinese automakers showcase their models at the Diaoyutai State Guesthouse in Beijing during the China EV100 Forum, which ran from March 28-30. CAO YINGYING/CHINA DAILY The Chinese automotive industry is experiencing a profound transformation fueled by electrification, intelligence and globalization, with cross-border integration and technological innovation serving as the key drivers of industry advancement. Automobiles are…
China’s Ministry of Commerce and General Administration of Customs on Friday announced export control measures on certain items related to seven types of medium and heavy rare earths. [Photo/Xinhua] BEIJING — China’s export control measures on certain rare earth-related items have demonstrated its firm commitment to maintaining world peace and security, China Nonferrous Metals Industry…
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…
This photo taken on Nov 27, 2024 shows the booth of Geely Holding Group at the second China International Supply Chain Expo (CISCE) in Beijing, capital of China. [Photo/Xinhua] BEIJING – China and the European Union (EU) have agreed to promptly resume their negotiations on a price commitment plan regarding the anti-subsidy probe into Chinese…
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…
An employee sorts roses at a facility powered by a multi-energy project at Dakui Mountain in Zibo, Shandong province. CHINA DAILY A groundbreaking multi-energy project in Zichuan district of Zibo, Shandong province, is transforming derelict mining sites into a model of sustainable development, with experts hailing its potential for replication elsewhere in China and across Asia.…