China Business & Economy
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China Business & Economy | LATEST STORIES
Trump Says He’s Open to Elon Musk, Larry Ellison Buying TikTok
TikTok was temporarily taken offline for users across the United States over the weekend, shortly before the federal divest-or-ban law took effect.
Weakening the Hong Kong Dollar May Hurt China More Than Tariffs Would, Experts Say
Beijing’s growing grip on Hong Kong is transforming the financial hub into a tool for advancing the yuan’s global influence.
UK Eyes China in New ETF Market Link to Enhance Global Financial Hub Status
Chancellor Rachel Reeves’s recent visit to China has secured £600 million in deals and a plan to deepen financial ties.
Supreme Court Upholds Law That Bans TikTok If Its Chinese Parent Company Does Not Divest
The White House says it will be on the Trump administration to implement the law that requires the app to be sold or banned.
China Hits US, EU Industrial Plastic With Provisional Tariffs as Trade Rows Deepen
Tokyo and Taipei were also targeted by Beijing’s provisional measures against a material used in vehicles and medical devices.
Apple, Samsung Smartphone Shipments Fall Amid Competition With Chinese Makers
Apple still ranked first in the global smartphone market in 2024 with a market share of 18.7 percent, followed closely by Samsung at 18 percent.
China’s Property Giant Country Garden Suffers Hefty Losses as Property Bubble Bursts
The country’s largest property developer reported losses of $24.3 billion in 2023, up from $825 million in 2022.
Chinese Regime Discriminates Against European Medical Device Suppliers in Procurement, EU Says
The EU stands ready to take ‘decisive action to defend the level playing field’ and ’support fair competition,' trade chief of the 27-nation bloc says.
China Once Again Tops US ‘Notorious Markets’ List for Counterfeiting, Piracy
ByteDance’s platform was added while Tencent’s WeChat was dropped from the ‘Notorious Markets’ list.
Chinese Yuan Hits New 16-Month Low as Trump Tariffs Loom
The yuan is tightly controlled by the Chinese Communist Party via China’s central bank, and analysts predict the currency will continue to fall.
Shein Representative Declines to Address China Cotton Questions at UK Hearing
Liam Byrne, chair of the Business and Trade Committee, said the lawyer’s reluctance to answer questions ‘bordered on contempt of the committee.’
Temu Issues Recall After Jumper Catches Fire, Leaves Girl With Severe Burns
An eight-year-old girl in Queensland suffered severe burns when a garment, which failed to meet mandatory safety standards for children’s nightwear, caught fire
China’s Bond Market Is a Sign of a Collapsing Economy, Says Kyle Bass
The Chinese economy is also mired in banking and real estate troubles, according to the hedge fund manager.
China to Reduce Import Tariffs on Some Recycled Copper, Aluminum Raw Materials
Analysts say the Chinese Communist Party’s tariff reduction on the key raw materials is aimed at increasing its military production and geopolitical influence.
Republicans Urge Ending Science and Tech Pact With China
The senators say that the era in which U.S.–China science and technology cooperation made sense is long-gone.
China’s Economy Shows Strain as US Tariff Threats Loom
China’s economic figures show weak consumer spending, highlighting vulnerabilities in its economy.
China’s Tencent Pulls Back From Gaming Company in Response to DOJ Probe
Tencent is a key stakeholder in several gaming companies.
