44 h. ago Guinea bauxite exports up 36% to 99.8 million tons on Chinese demand

Guinea bauxite exports up 36% to 99.8 million tons on Chinese demand  Reuters

Politics

58 h. ago China nears Airbus deal, famous Hong Kong restaurant chain closes: 7 highlights

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Most Chinese exporters to stay in Vietnam after US tariff deal, analysts say Chinese manufacturers in Vietnam breathed a sigh of relief on Wednesday, after Washington and Hanoi agreed a “better than expected” trade deal that will...

Society

58 h. ago China, US working intensively to implement London Framework outcomes: MOFCOM on reported US export resumption of certain Chinese exports

China, US working intensively to implement London Framework outcomes: MOFCOM on reported US export resumption of certain Chinese exports  Global Times

Politics

3 d. 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

5 d. ago Two Chinese chip firms plan $1.7 billion IPOs, bet US export curbs to spur growth

Two Chinese chip firms plan $1.7 billion IPOs, bet US export curbs to spur growth  Reuters

Economics

8 d. ago Boom goes the deal? China’s Iran investments under fire, but Middle East beckons

Watching as missile bombardments threaten key shipping routes and blow up some of their trade deals in the Middle East, with Iran at the centre of the firestorm, Chinese exporters are feeling the heat. After finalising a deal with an Iranian buyer she met at China’s Canton Fair in April, Miya Yu, a trader of light industrial goods – valves, toys, aluminium containers, etc – collected the necessary materials to begin production and fill the order. Production never began. The contracted client...

Economics

9 d. ago China has begun issuing rare earth export licences to European firms: EU sources

China has started issuing export licences for rare earth elements and magnets to European companies, EU sources confirmed, although the bloc continues to push for a structural solution to a situation that has jumped to the top of the bilateral agenda. European governments and companies have for weeks been lobbying Chinese authorities to ease export restrictions, which were introduced in response to US President Donald Trump’s “reciprocal tariffs” in April. Earlier on Thursday, China’s commerce...

Politics

1 week ago Rare earths ‘THE thing’ for EU agenda planners ahead of China leaders’ summit

China’s chokehold on the global supply of rare earth elements – and its recent willingness to weaponise it – will have top billing when European Union leaders thrash out an agenda over dinner on Thursday for a crunch summit with Chinese leaders in Beijing next month. The export restrictions, which have brought some manufacturing processes in Europe close to standstill, have leapfrogged the EU’s medley of other complaints with China to become the dominant issue in a troubled relationship. The...

Politics

1 week ago Exclusive: Local Chinese governments promote 'zero mileage' used car exports, inflating sales, growth figures

Exclusive: Local Chinese governments promote 'zero mileage' used car exports, inflating sales, growth figures  Reuters

Politics

2 w. ago How does Trump’s lack of trade deals strengthen Beijing’s hand?

The United States failed this week to reach a tariff deal with Japan, a key Pacific Rim ally, and has threatened to notify multiple countries of new duty rates on imports after talks with only one, the United Kingdom, have shown any results. Those developments, which made the US look weak in the short term, should prompt China to take a harder line with Washington on reaching a deal, analysts said. China, the world’s second-largest economy, was hit especially hard by US President Donald Trump on...

Politics

2 w. ago CNBC's The China Connection newsletter: Chinese exporters increasingly need to build brands to survive

CNBC's The China Connection newsletter: Chinese exporters increasingly need to build brands to survive  CNBC

Events

2 w. ago Trump tariffs live updates: Trump leaves G7 with UK trade deal in hand, stalled EU talks, and 'tough' Japan

Trump tariffs live updates: Trump leaves G7 with UK trade deal in hand, stalled EU talks, and 'tough' Japan  Yahoo Finance

Politics

3 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

3 w. ago Cheerleaders to critics: German machinery makers call for EU action on China

Germany’s iconic machine makers used to be among the loudest cheerleaders for ever-closer economic ties between China and Europe. Now, as exports dwindle and facing “increasingly strong [Chinese] competitors” beefed up by “unfair state subsidies”, the industry is demanding that Brussels put in place trade barriers to protect it. A new position paper published on Thursday by the Mechanical Engineering Industry Association (VDMA), representing medium-sized manufacturers that help constitute...

Politics

3 w. ago Trump’s hand against Beijing is getting weaker as Chinese exports to the U.S. tank 34% compared with a year ago

Trump’s hand against Beijing is getting weaker as Chinese exports to the U.S. tank 34% compared with a year ago  Fortune

Politics

3 w. ago Trump’s hand against Beijing is getting weaker as Chinese exports to the U.S. tank 34% YOY

Trump’s hand against Beijing is getting weaker as Chinese exports to the U.S. tank 34% YOY  MSN

Politics

3 w. ago Trump’s hand against Beijing is getting weaker as Chinese exports to the U.S. tank 34% year over year

Trump’s hand against Beijing is getting weaker as Chinese exports to the U.S. tank 34% year over year  Fortune

Politics

3 w. ago Chinese exports to EU surge, but bloc waiting to see if emergency action needed

The European Union says it is “too early to conclude” whether sky-high US tariffs on Chinese goods have caused a diversion of exports to the bloc that would cause it to take emergency measures. This was despite a surge in Chinese exports to the European Union coinciding with a big drop in shipments from China to the United States in May. China’s shipments to the US last month fell by 34.5 per cent from a year ago, while its exports to France rose by 24.1 per cent and to Germany by 21.5 per cent,...

Politics

3 w. ago China grants export permits to rare earth giant for US, Europe shipments

A top Chinese rare earth exporter, which hosted President Xi Jinping during a 2019 inspection, said it had obtained export permits for several destinations, including the United States. Investors welcomed the news, sending the company’s shares higher. JL MAG Rare-Earth said on Wednesday that it had also been granted licenses for Europe and Southeast Asia, and that it would export magnetic materials, components and motor rotors. “After the export controls imposed on medium and heavy rare earth...

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