China should dial down its “extreme” emphasis on national security and keep foreign companies in mind when crafting industrial policy to give them the incentive to expand their presence in its market, a US business lobby has said. In a 600-page document featuring numerous policy reviews and recommendations, the American Chamber of Commerce in China … Read more
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
The US Trade Representative’s (USTR) office also initiated a probe into China’s maritime, logistics and shipbuilding industries, alleging that Beijing used “unfair, non-market policies and practices” to dominate these sectors. Henry Gao, a law professor at Singapore Management University, said he would not be surprised if China imposes countermeasures against the proposed tariffs through countervailing … Read more
Washington’s efforts to divert international supply chains from China are already making enough of an impact to drive recommendations for a new game plan from analysts and manufacturers, in their view an essential step to counter a fragmentation of trade that is already under way – and likely to worsen in the coming years. “The … Read more
More Americans trust former President Trump’s approach to trade than President Biden’s but are split on their approach to tariffs on China, according to a new survey. The YouGov poll, released Friday, found 42 percent of Americans somewhat approve of Trump’s approach to foreign trade, 11 percent higher than Biden’s 31 percent. At the same … Read more
But Russia’s share fell from nearly half to 22 per cent during the same period, as shipments from its northern neighbour fell by 41 per cent to US$1.25 billion. Relations between China and Australia deteriorated in 2020 when Canberra called for an investigation into the origins of the coronavirus. But ties have since slowly improved, … Read more
“Something will need to change because Europe cannot just accept that strategically viable industries constituting the European industrial base are being priced out of the market,” he said. “That is where trade becomes a security question.” As US, EU anxiety grows, will overcapacity curb exports of China’s ‘new three’? Tensions between China and the European … Read more
Mexican tariffs on Chinese steel products indicate a willingness to accommodate US demands, analysts said, with additional trade curbs in the run-up to November’s presidential election set to add to the concerns of Chinese producers and investors. Mexico’s Ministry of Economy imposed a provisional compensatory duty of 31 per cent on Chinese steel nail producers … Read more
Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in 2024. In his maiden government work report on Tuesday, Premier … Read more
Per the regulation, companies are “obliged” to provide notification for any public procurement tenders with a contract value of more than €250 million. CRRC Qingdao Sifang submitted its notice in full on January 22. The regulation has a statutory mandate of 110 days to deliver a result, meaning the verdict will be known no later … Read more
