Tag: trade
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Exports tumble 7.5% in March and imports also fall as demand slows
China’s exports contracted in March after growing in the first two months of the year, underscoring the uneven nature of the country’s recovery from the pandemic. ... -
China lifts heavy tariffs on Australian wine as ties improve
China yesterday said it will lift tariffs placed on Australian wine over three years ago, in a sign of improving ties between the two countries. China’s ... -
China wins WTO dispute with Australia over steel products
China has won a nearly three-year-long dispute with Australia at the World Trade Organization over tariffs on steel products that began during a low point of ... -
Beijing to challenge Biden’s electric vehicle plans at the WTO
China said yesterday that it has filed a complaint at the World Trade Organization over what it says are discriminatory requirements for American subsidies for electric ... -
Trade nearly MOP14.5b in January
External merchandise trade totaled MOP13.59 billion in January, up 19.9% compared with MOP11.34 billion a year earlier, data from the Statistics and Census Service (DSEC) has ... -
Trade: Mexico overtakes China as the leading source of goods imported by US
For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported by the United States. The ... -
US congressional delegation visits Taiwan to ‘engage with senior business leaders’
The co-chairs of the U.S. Congressional Taiwan Caucus yesterday opened the first trip by U.S. lawmakers to the island where the independence-leaning Democratic Progressive Party won ... -
Chinese auto exports rose 64% in 2023, with strong push by EVs
China’s auto exports surged 63.7% in 2023 while domestic sales, boosted by year-end incentives, rose 4.2%, an industry association said yesterday Chinese automakers have aggressively expanded ... -
Australia credits improving relations after Beijing lifts some meat export bans
China has lifted import bans on three Australian meat suppliers in another sign of improving trade relations between the two countries, Australian officials said yesterday. China’s ... -
Exports edged higher for first time in seven months, imports fell
China’s exports rose in November, the first increase since April, while imports fell, according to customs data released yesterday. Exports rose 0.5% from a year earlier ... -
China says US moves to limit access to advanced computer chips hurt supply chains
China vigorously protested yesterday the U.S. Commerce Department’s latest update of export controls to prevent exports to China of advanced computer chips and the equipment to ... -
EU commissioner calls for more balanced trade with China
The European Union’s trade commissioner called for a more balanced economic relationship with China yesterday, noting an EU trade deficit of nearly 400 billion euros ($425 ... -
Japan records a trade deficit in August as exports to China, rest of Asia weaken
Japan’s exports fell 0.8% last month from a year earlier, with steep declines in shipments to China and the rest of Asia, its largest regional market. ... -
Beijing says EU probe into Chinese EVs exports, subsidies is protectionist
China’s Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying yesterday that it is a “protectionist” act ... -
China’s exports and imports fall in August as weak global demand keeps its economy under pressure
China’s exports and imports both fell in August from a year earlier, reflecting tepid global demand that is adding to pressures on its slowing economy. Customs ... -
He Lifeng tells the US commerce secretary he’s ready to improve cooperation
The top Chinese official in charge of economic relations with Washington told Commerce Secretary Gina Raimondo yesterday he was ready to “make new positive efforts” to ... -
US, China agree to discuss export controls as Raimondo visits to warm up chilly ties
Commerce Secretary Gina Raimondo said she and her Chinese counterpart agreed yesterday to exchange information on U.S. export controls that frustrate Beijing and set up a ... -
China imposes curbs on drone exports, citing Ukraine, concern about military use
China imposed restrictions yesterday on exports of long-range civilian drones, citing Russia’s war in Ukraine and concern that drones might be converted to military use. Chinese ... -
20 years on, CEPA bears fruit for HK, Macau and mainland
Hong Kong and Macau have been on a path of complementary and shared development with the mainland since the Closer Economic Partnership Arrangements (CEPAs) were signed ... -
Macau to premiere in Shanghai tech fair
Macau is set to debut itself at a 195-square-meter pavilion with nearly 40 participants at the 9th China (Shanghai) International Technology Fair (CSITF), the Macao Trade ... -
Musk meets FM Qin, who calls for ‘mutual respect’ in US-China relations
China’s foreign minister met Tesla Ltd. CEO Elon Musk yesterday and said strained U.S.-Chinese relations require “mutual respect,” while delivering a message of reassurance that foreign ... -
Beijing lifts ban on Australian timber imports
China opened its doors yesterday to Australian timber imports for the first time in more than two years, in another sign that the tattered bilateral relationship ... -
Australian minister visits China as part of joint efforts to repair ties
Australian Trade and Tourism Minister Don Farrell visited China yesterday as part of a joint effort to repair ties scarred by political rifts over the past ... -
Top envoy Tai says US not seeking to ‘decouple’ from China
Washington is not seeking to decouple the American economy from China’s, U.S. Trade Representative Katherine Tai said yesterday while on a visit to Tokyo. Tai, who ... -
Australia suspends WTO case against China on barley tariffs
Australia suspended a complaint to the World Trade Organization in a bid to reopen the Chinese market to Australian barley for the first time in three ... -
Russia, Ukraine extend grain deal to aid world’s poor
An unprecedented wartime deal that allowed grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat ... -
Huawei dominates MWC mobile tech fair despite US sanctions
A contingent of Chinese companies led by technology giant Huawei is turning the world’s biggest wireless trade fair into an opportunity to show their muscle in ... -
German business leaders warn against pulling out of China
A group of top German business executives is warning against withdrawing from China, while acknowledging that it’s right for Germany to redefine its relationship with Beijing. ... -
Britain’s Truss doesn’t expect UK-US trade deal anytime soon
Prime Minister Liz Truss has kicked off her first visit to the United States as Britain’s leader with an admission that a U.K-U.S. free trade deal ... -
US sanctions UAE, Hong Kong firms that ship Iranian oil
The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil ... -
Russia’s economic forum to be far smaller but moves forward
Organizers of Russia’s showpiece investment gathering are telling foreign participants to be sure to bring cash — not necessarily for making investments, but for spending money. ... -
China’s Russia dealings irk US, but don’t breach sanctions
China’s support for Russia through oil and gas purchases is irking Washington and raising the risk of U.S. retaliation, foreign observers say, though they see no ... -
First freight train departs Guangzhou for Europe
A freight train loaded with 50 containers of air conditioners, LCD screens, lamps, lanterns and related items made in China departed from Nansha port’s South Station in ... -
Taiwan ships pork to Macau after 24-year hiatus, CNA reports
Pork from Taiwan arrived in Macau for the first time in 24 years Friday after the island was recently declared a foot-and-mouth disease (FMD) free zone ...
