47 h. ago ‘Lost the battle’: EU told to accept defeat against China’s solar power sector

A group of French and German economists has urged Europe to identify which industries to support in the face of Chinese competition and boldly abandon those where the battle had already been lost, such as the solar power sector. The recommendations were presented in five memos to the Franco-German Council of Ministers at the request of the two governments. The memos cover trade with China, as well as defence, energy, economic growth and the labour market. The economists advised Europe to protect...

Events

4 d. ago Senior Chinese trade negotiator calls for ‘equal dialogue’ during US visit

China and the US should manage their differences and expand cooperation through “equal dialogue and consultation”, senior Chinese trade negotiator Li Chenggang said during a visit to the United States amid a trade war truce between the two powers. Li wrapped up his three-day visit on Friday after meeting with officials from the US Department of the Treasury, the Department of Commerce and the Office of the US Trade Representative, according to a statement from the Chinese commerce ministry on...

Politics

4 d. ago India won’t ‘bow down’ to crippling 50% US tariff, trade minister says

India will not “bow down” and instead focus on capturing new markets, trade minister Piyush Goyal said in his first public remarks since Washington imposed steep tariffs on Indian goods. The 50 per cent levies on many Indian imports into the United States took effect this week as punishment for New Delhi’s massive purchases of Russian oil, part of US efforts to pressure Moscow into ending its war in Ukraine. Since his return to the White House this year, US President Donald Trump has wielded...

Politics

6 d. ago In Washington, China’s top trade negotiator readies for talks

One of China’s top trade negotiators, Li Chenggang, will be meeting with relevant US officials this week while in Washington, the Ministry of Commerce has confirmed. “China is willing to work with the United States to continue leveraging the China-US economic and trade consultation mechanisms effectively, resolve issues through equal dialogue and consultation, and jointly maintain the healthy, stable and sustainable development of China-US economic and trade relations,” ministry spokeswoman He...

Events

1 week ago Canada dropping many retaliatory tariffs in olive branch to Trump

Canada will remove its retaliatory tariffs on a long list of US products that comply with the existing North American trade deal, seeking to lower tensions with the White House. Prime Minister Mark Carney announced the decision on Friday after a meeting with his cabinet. The government is changing its tariff policy to align more closely with US measures. That means a broad range of US-made consumer products will no longer face a 25 per cent tariff when imported into Canada, as of September 1, as...

Politics

3 w. ago Foreign Ministry: US should stop slandering China's economic, trade cooperation

Foreign Ministry: US should stop slandering China's economic, trade cooperation  chinadailyasia.com

Economics

3 w. ago Malaysia’s Najib gets legal lifeline in house arrest bid over 1MDB sentence

Malaysia’s highest court on Wednesday threw disgraced former prime minister Najib Razak a lifeline in his bid to trade prison for house arrest for his role in the 1MDB corruption scandal. The Federal Court dismissed a government bid to block Najib from seeking access to a purported royal order that he claims would permit him to serve the remainder of his six-year sentence at home rather than in Kajang prison, where he has been held since August 2022. Najib, 72, was convicted in 2020 of criminal...

Events