5 h. ago ‘Better than expected’: Chinese firms in Vietnam upbeat over US tariff deal

Chinese manufacturers in Vietnam breathed a sigh of relief on Wednesday, after Washington and Hanoi agreed a “better than expected” trade deal that will reduce US tariffs to 20 per cent and bring an end to three months of uncertainty. Most Chinese exporters are likely to continue operating in the Southeast Asian nation in the wake of the agreement, with firms viewing the final tariff rate as manageable, analysts and businesspeople in the country told the Post. US President Donald Trump announced...

Economics

9 h. ago Chinese economy 'not doing great but there is no crisis’, Beijing to continue holding back stimulus

Chinese economy 'not doing great but there is no crisis’, Beijing to continue holding back stimulus  MSN

Events

20 h. ago Chinese sellers bracing as Amazon Prime Day sale and tariff pressure to collide

Ahead of Amazon’s annual Prime Day sales event, Chinese sellers are already walking a tightrope as they try to strike a balance between staying competitive and adjusting to Washington’s tariffs. Gloria Gu, an Amazon seller based in Zhejiang province, said her outlook for this year’s summer event – extended this year to a record four days, July 8-11 – was “not optimistic”. Her company mainly sells household consumables – low-margin products that are highly price-sensitive. “Depending on the item,...

Politics

3 d. ago The ‘family warehouses’ powering Shein and Temu’s rapid UK expansion

In Kevin Zhang’s quiet, two-storey house in Gloucester, hundreds of parcels blanket the living room floor. Each package – shipped from China – is bound for British customers who placed orders on Temu, TikTok Shop and AliExpress. Zhang, 49, moved to the United Kingdom from China’s rustbelt northeast in 2000, and spent years running a local nail salon. But in March, he sensed that something big was happening with China’s cross-border e-commerce platforms – and decided to make a change. He...

Society

6 d. ago Hungry for savings? Hong Kong restaurants, shops offer July 1 anniversary deals

Hong Kong consumers can expect to enjoy deals and discounts at more than 8,800 stores and restaurants as part of celebrations to commemorate the 28th anniversary of the city’s return to Chinese rule on July 1, amid a sluggish economy. The Hong Kong Catering Industry Association said more than 3,800 food and beverage establishments would provide discounts on the occasion, while the city’s Retail Management Association said 5,000 stores would kick off a two-month shopping festival on the same...

Economics

7 d. ago As business outlook improves, is China retaining more of its wealthy elite?

The number of wealthy mainland Chinese choosing to emigrate is projected to drop to a 10-year low this year thanks to the country’s improved business environment and its growing appeal to tech entrepreneurs, according to a report by a London-based advisory firm. Henley & Partners’ annual wealth migration report also said that Hong Kong is starting to see steady inflows of millionaire migrants from the rest of Asia, with an anticipated net inflow of 800 this year, including many executives from...

Economics

9 d. ago 10 Chinese companies to watch – and what they reveal about China’s economy

10 Chinese companies to watch – and what they reveal about China’s economy  The World Economic Forum

Politics

1 week ago ‘It helps me survive’: inside the UK’s thriving Chinese gig economy

Mark Lin had always dreamed of a career in the arts. As he finished his fine arts degree at a top London university in 2020, he began applying for dozens of roles at galleries, agencies and dealers across the capital. But the British economy was still reeling after months of pandemic lockdowns, and Lin hit a brick wall. After weeks of effort, he had an inbox full of rejection emails but not a single callback – and he was rapidly running out of money. That is when Lin decided to take a leap of...

Events

1 week ago Chinese and EU trade officials hold talks after von der Leyen outburst

Chinese commerce minister Wang Wentao and European trade commissioner Maros Sefcovic held a video call on Thursday, as the two sides strive to keep a lid on simmering economic tensions and pave the way for a leaders’ summit in Beijing. “Both sides agreed to work together to lay the groundwork for key economic and trade items on the China-EU agenda this year,” the Ministry of Commerce said in an online statement released on Friday. The two officials discussed a series of topics during the call,...

Politics

1 week ago Singapore leader’s visit gives China chance to pitch itself as reliable partner

Singapore’s Prime Minister Lawrence Wong will visit China next week, on a trip that is expected to give Beijing a chance to promote itself as a reliable partner for Southeast Asian countries and defender of multilateralism. China will also be keen to reassure Singapore that the Chinese economy is “back on track” as it gears up for a trade war with the United States, analysts said. It will be Wong’s first trip to China since becoming prime minister in May 2024. The visit follows his People’s...

Politics

2 w. ago Cairo calling: why Chinese factories are moving to Egypt amid the trade war

Until recently, Jiahao’s guest house in a quiet corner of Cairo was a modest pit stop for Chinese tourists on their way to visit the Egyptian pyramids. But this spring, the hostel suddenly began to attract a different kind of client. Jiahao, the hostel’s 26-year-old owner, began welcoming groups of factory owners from across China and Southeast Asia – grizzled businesspeople whose trips were not about sightseeing, but survival. “Many business owners now book week-long stays,” Jiahao said. “I...

Events

2 w. ago Why Chinese firms building foreign factories are no longer focused on US market

This year’s escalation of the US-China trade war has led many Chinese companies to rethink their overseas expansion strategies, with accessing the American market no longer their top priority when considering building factories in foreign countries, industry insiders said. There had been a “drastic downshift” in inquiries from Chinese companies seeking land to rent or purchase in Mexico, one of their hottest overseas investment destinations in the past, said Jack Lee, an industrial property...

Economics

2 w. ago End of political chaos in South Korea sparks pickup in Chinese visitors

Chinese tourism to South Korea is picking up with the end of political instability in Seoul and the two nations pledging closer relations shortly before visa exemptions take effect, travel industry sources said this week. Bookings from China – South Korea’s largest source of foreign visitors – for the three months from April to June have been about 24 per cent higher than for the three months ending in February, according to data compiled by the travel marketing and technology company China...

Politics

2 w. ago As Chinese exporters explore home market, how are letters of credit helping?

After the United States imposed so-called reciprocal tariffs on imports from China in April, Beijing took steps to help Chinese exporters sell their products domestically. In addition to the staging of product promotion events across the country and the offering of fiscal and financial incentives, Beijing also encouraged the increased use of letters of credit (L/Cs) to help such businesses switch focus to the domestic market. What is a domestic letter of credit? A letter of credit, also known as...

Politics

2 w. ago Are Robots The Answer To China's Aged Care Crisis? Beijing Launches Massive Trial To Test If Machines Can Cook, Clean And Console The Elderly

Are Robots The Answer To China's Aged Care Crisis? Beijing Launches Massive Trial To Test If Machines Can Cook, Clean And Console The Elderly  Benzinga

Events

3 w. ago Chinese premier says officials must adapt to ‘complex and severe’ situation

Chinese Premier Li Qiang has urged the nation’s officials to improve their ability to anticipate challenges and accurately implement policies amid a turbulent geopolitical environment. “At present, the task to comprehensively promote the Chinese path to modernisation with high-quality development is heavy and difficult, with the external situation remaining complex and severe,” he said on Wednesday, as reported by state-run news agency Xinhua. During this difficult period, officials needed to...

Politics

3 w. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

3 w. ago Chinese premier urges faster tech applications amid US export controls

Chinese Premier Li Qiang has called for a push to speed up the application of new advances in science and technology, as the country accelerates efforts to break its dependence on US tech and develop a world-leading industrial base. In a State Council meeting on Monday, Li called the application of new technologies the “last mile” of innovation, as it links innovation and industry and is important in driving new products and services, state-run news agency Xinhua reported. The premier’s comments...

Politics

3 w. ago Pressured by US tariffs, Chinese exports expand in Vietnam, Thailand, Indonesia

Chinese exports to major industrial centres in Southeast Asia rose by double-digit percentages in the first five months of the year to satisfy growing consumer markets, feed offshore factory investments and offset losses from high US tariffs. Shipments to factory-magnet Vietnam increased by 18.8 per cent from January to May, compared with the same period in 2024, according to official data released on Monday. Meanwhile, exports to Thailand grew by 20.9 per cent, and Indonesia took 16.8 per cent...

Events

3 w. ago ‘It’s too much’: Chinese students reconsider UK degrees as policies harden

After she graduated last summer, Aroma Wu quickly realised that if she wanted a career in China’s tech industry, she would need to go back to school: her bachelor’s degree simply was not enough. “I saw how competitive it was – most people had a master’s,” the 24-year-old said. To boost her credentials, Wu decided to apply for a graduate programme in the United Kingdom, and she soon received an offer. But within weeks, she was growing worried by news coming out of Britain – and starting to...

Events