The major topics of the visit, however, remain unknown. “The Australian government has consistently advocated – including during the recent visit of Chinese Foreign Minister Wang Yi – for the full and timely removal of all trade impediments, including those affecting exports of live rock lobster to China. The Department of Agriculture, Fisheries and Forestry … Read more
The week-long trip to China by US Treasury Secretary Janet Yellen sidestepped core economic disputes, and without headway, analysts said the pressure of November’s presidential election could force the Biden administration “to be more aggressive” on the trade front. Yellen ended her second trip to China in 10 months on Tuesday, having met Chinese officials … Read more
US Treasury Secretary Janet Yellen arrived in the southern Chinese city of Guangzhou on Thursday for the first leg of her week-long trip aimed at helping manage the trade relations between the world’s two largest economies. Yellen, who arrived in Guangzhou just after 6pm local time, media reports said, was greeted by China’s vice-minister of … Read more
China’s top leadership has gone all out to revive confidence and lure foreign investment in intensive meetings with foreign business leaders in recent days, setting out the “win-win opportunities ahead”, as Beijing seeks to achieve a seemingly challenging economic growth target for 2024. In a rare move, nearly all top-level officials responsible for economic affairs … Read more
“It’s fair to say that China has the strongest squad of engineers and constructors, who have benefited from the country’s building boom since the mid-2000s,” said Xu Tianchen, a senior China-based economist with the Economist Intelligence Unit. “China is also experienced in providing full life cycle solutions, from financing to construction and maintenance, which make … Read more
A second visit to a foreign firm in less than 12 months – after Xi toured a Guangzhou-based display company in April that had received investment from South Korean conglomerate LG – was touted by Xinhua as a “further and clearer declaration of expanding high-level opening up to the world”. China’s Xi wants market-ready scientific … Read more
But analysts do not expect any direct impact on China as overseas investors are more concerned with the effectiveness of Beijing’s easing measures, which are aimed at supporting sustainable economic growth in the world’s second-largest economy. China’s domestic economy is struggling to get out of first gearHarry Murphy Cruise, Moody’s Analytics The People’s Bank of … 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
He also noted that “promoting new productive forces doesn’t mean neglecting or giving up traditional industries”. 02:40 Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economy Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economy Beijing is devoted to upgrading China’s … Read more
