2 h. ago China’s economic data, PLA’s patrols in disputed waters: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. The US-China rivalry is reshaping global supply chains – who benefits most? Supply chain competition between China and the United States is set to intensify over the next five years, with eight developing countries – including four in the Association of Southeast Asian Nations (Asean) – poised to benefit from the relocation of manufacturing from China,...

Economics

7 h. ago Trump Touts China Trade Deal: Tariffs Back to Square One, Still Historically High

Trump Touts China Trade Deal: Tariffs Back to Square One, Still Historically High  CNET

Politics

10 h. ago [News] U.S. Reportedly Mulls Tariff Pause Extension as China Talks Bypass Military Rare Earths

[News] U.S. Reportedly Mulls Tariff Pause Extension as China Talks Bypass Military Rare Earths  TrendForce

Events

11 h. ago China Bucks US Tariff Heat With Fastest Retail Sales Growth In Over a Year, Fueled By Beijing's Stimulus

China Bucks US Tariff Heat With Fastest Retail Sales Growth In Over a Year, Fueled By Beijing's Stimulus  MSN

Economics

11 h. ago China Bucks US Tariff Heat With Fastest Retail Sales Growth In Over a Year, Fueled By Beijing’s Stimulus By Stocktwits

China Bucks US Tariff Heat With Fastest Retail Sales Growth In Over a Year, Fueled By Beijing’s Stimulus By Stocktwits  Investing.com India

Economics

13 h. ago China Retail Sales Jump Most Since 2023 in Relief From Tariffs

China Retail Sales Jump Most Since 2023 in Relief From Tariffs  Bloomberg.com

Economics

14 h. ago China’s Consumption Unexpectedly Improved in Relief From Tariffs

China’s Consumption Unexpectedly Improved in Relief From Tariffs  Bloomberg

Politics

14 h. ago China’s economy weathers US tariff storm in May as consumption picks up

China’s economic data sent mixed signals in May, with US tariffs continuing to weigh on the country’s manufacturing and exports but domestic consumption picking up slightly in the run-up to a major online shopping festival. Retail sales, a gauge of consumption, rose by 6.4 per cent in May, compared with the 5.1 per cent growth observed in April, data from the National Bureau of Statistics showed on Monday. The figures exceeded a forecast of 4.85 per cent growth by financial data provider...

Economics

14 h. ago Breaking | China’s economy weathers US tariff storm in May as consumption picks up

Breaking | China’s economy weathers US tariff storm in May as consumption picks up  South China Morning Post

Economics

16 h. ago China says it will drop tariffs on almost all African imports

China says it will drop tariffs on almost all African imports  Macao News

Politics

17 h. ago As tariff differential with China narrows, policymakers recalibrate India’s relative market access dynamics into the US

As tariff differential with China narrows, policymakers recalibrate India’s relative market access dynamics into the US  The Indian Express

Economics

26 h. ago EVs about to disappear in America ― China strikes back at America after tariffs

EVs about to disappear in America ― China strikes back at America after tariffs  ECOticias.com El Periódico Verde

Events

68 h. ago Busiest US seaport takes hit from 145% China tariffs, worries remain

Busiest US seaport takes hit from 145% China tariffs, worries remain  Reuters

Events

2 d. ago May imports drop 9% at busiest US seaport on 145% China tariffs

May imports drop 9% at busiest US seaport on 145% China tariffs  Reuters

Politics

3 d. ago Despite U.S., China trade deal, tariffs keep economy in state of uncertainty

Despite U.S., China trade deal, tariffs keep economy in state of uncertainty  Axios

Economics

3 d. 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

3 d. ago Chinese solar firms bank on overseas expansion to survive amid US tariffs

Chinese solar and energy-storage companies will continue to press ahead with their overseas expansion with or without a long-term agreement on trade tariffs, as production abroad holds the key to their long-term survival, according to executives at China’s largest solar industry exhibition. Although the US and China reached a 90-day truce in their ongoing tariff war in May, solar panel exports from China and Southeast Asia to the US are still subject to tariffs of as much as 3,521 per cent, with...

Economics

4 d. ago Trump Says Trade Deal With China is ‘Done,’ Imposes 55% Tariff

Trump Says Trade Deal With China is ‘Done,’ Imposes 55% Tariff  TechRepublic

Politics

4 d. ago China says it will remove all tariffs on African exports to boost trade

China says it will remove all tariffs on African exports to boost trade  Reuters

Politics

4 d. ago Exclusive: French cognac makers offer China minimum import prices to fend off tariffs

Exclusive: French cognac makers offer China minimum import prices to fend off tariffs  Reuters

Economics