China penalises US acid imports in retaliatory move as trade relations grow caustic

China announced on Friday it would levy anti-dumping penalties of over 40 per cent on imports of a chemical from the United States used in foods, pesticides, pharmaceuticals and drug intermediates – a retaliation against similar action from Washington as tensions build in bilateral trade. Starting from Saturday, operators will be required to provide corresponding … Read more

China says exports rise for first time in seven months

Chinese exports rose in November for the first time in seven months, officials said Thursday, as the country navigates a troubled recovery from the Covid-19 pandemic. However, the reading compares with a low base from last year when authorities were still wedded a zero-Covid policy that hammered output and business activity, while a surprise drop … Read more