Export-bound automobiles await shipment in Taicang, Jiangsu province. JI HAIXIN/FOR CHINA DAILY Chinese vehicles are relatively immune from the United States’ tariff impacts due to the limited number of such direct exports to the US and nearly nonexistent sales of domestic brands in that market, said Cui Dongshu, secretary-general of the China Passenger Car Association.…
A customer shops at a supermarket in Binzhou, Shandong province, on April 10, 2025. CHU BAORUI/FOR CHINA DAILY China may soon launch a comprehensive set of additional macroeconomic measures to cushion a potentially substantial demand shock due to the United States’ tariff hikes, reiterating its commitment to the preset annual economic growth target, said economists…
As of 1 January 2025, 22 out of 27 EU countries have national minimum wages, making Denmark, Italy, Austria, Finland and Sweden the exceptions. In January 2025, 10 EU countries had minimum wages below €1 000 per month: Bulgaria (€551), Hungary (€707), Latvia (€740), Romania (€814), Slovakia (€816), Czechia (€826), Estonia (€886), Malta (€961), Greece…
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Editor’s note: The United States’ recent announcement of a new round of tariffs policies has sparked strong criticism, with experts warning that US consumers will be ‘hammered’ heavily by it and bear the brunt of the costs. Let’s see what the opinion-shakers say. A screenshot from the official website of CNN. [Image/edition.cnn.com] American consumers will…
A customer inspects Leapmotor vehicles at a store in Yangzhou, Jiangsu province, in December. CHEN YANG/FOR CHINA DAILY The Chinese automotive market sustained its growth momentum as automakers posted record-breaking sales figures for March, with competition notably intensifying in the new energy vehicle sector. Among NEV startups, Leapmotor claimed the top spot for the first…
A Rolls-Royce turbine is displayed during a media tour ahead of the opening of the Hannover Messe in Hanover, Germany, March 30, 2025. [Photo/Agencies] British industrial conglomerate Rolls-Royce said while geopolitical tensions present challenges, it remains steadfast in its commitment to the China market. China has been an important ecosystem for the company, and it…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] The joint efforts of China and the European Union to uphold a rules-based multilateral trading system and promote trade liberalization will enhance the stability and certainty of global trade and the world economy, said senior trade officials on both sides. During his meeting…
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…