55 m. 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

55 m. 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

76 m. ago ‘Important step’: fatal crashes prompt Malaysia to curb speeding lorries, buses

Malaysia will require owners of lorries and buses to install a device that prevents vehicles from going faster than 90km/h, after a spate of fatal road accidents, including a bus crash on Monday that killed 15 university students. Malaysia’s roads are among some of the world’s most dangerous, with one person dying every two hours according to government statistics between March 2024 and March 2025. Lorries and buses routinely flout the speed limit of 90km/h, and high-speed collisions are common...

Events

6 h. 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

8 h. ago Crypto, China, critical minerals: inside Pakistan army chief’s US visit

Pakistan’s army chief, General Asim Munir, was set to arrive in Washington on Thursday, three weeks after his country’s flare-up with neighbouring, nuclear-armed rival India. Munir will stay in the US until June 18 and is expected to attend the US Army’s 250th anniversary celebrations on June 14 in the nation’s capital – a day that coincides with US President Donald Trump’s birthday, according to three people familiar with the matter. The Pakistani general is likely during his visit to travel to...

Politics

8 h. ago Opinion | Trump miscalculated on China. Now the administration is trying to fix the mess.

Opinion | Trump miscalculated on China. Now the administration is trying to fix the mess.  The Washington Post

Politics

9 h. ago Trump cannot hope to solve a China ‘problem’ he has misdiagnosed

Amid a US-China trade truce, negotiators in London reached a “framework” agreement to activate the Geneva deal, raising hopes for an immediate alleviation of the trade conflict, including potentially a US commitment to revoke some of its tech embargoes in return for China’s relaxation of rare earth export restrictions. The full details of the London agreement are expected to be available after both US President Donald Trump and President Xi Jinping have approved it. The two-day London...

Politics

9 h. ago Trump’s fundamental mistake is in seeing China as America’s problem

Amid a US-China trade truce, negotiators in London reached a “framework” agreement to activate the Geneva deal, raising hopes for an immediate alleviation of the trade conflict, including potentially a US commitment to revoke some of its tech embargoes in return for China’s relaxation of rare earth export restrictions. The full details of the London agreement are expected to be available after both US President Donald Trump and President Xi Jinping have approved it. The two-day London...

Politics

11 h. ago Nvidia to exclude China from forecasts amid US chip export controls

Nvidia to exclude China from forecasts amid US chip export controls  South China Morning Post

Politics

12 h. ago Nvidia to stop including China in forecasts amid US chip export controls, CNN reports

Nvidia to stop including China in forecasts amid US chip export controls, CNN reports  Reuters

Politics

12 h. ago Nvidia will stop including China in its forecasts amid US chip export controls, CEO says

Nvidia will stop including China in its forecasts amid US chip export controls, CEO says  CNN

Politics

13 h. 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

15 h. 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

16 h. ago China’s AI race heats up as SenseTime, ByteDance unveil model updates

China’s artificial intelligence (AI) market sees heightened competition, as various model providers – from SenseTime to ByteDance – step up efforts to enhance their services. Hong Kong-listed SenseTime has upgraded its Cantonese-speaking chatbot, Sensechat, with a comprehensive set of new features that include real-time audio and video-interaction capabilities, according to the company’s announcement on Thursday. Other enhancements include visual reasoning capabilities, which allow Sensechat to...

Culture

17 h. ago Nvidia CEO says Huawei has everyone ‘covered’ if US chip ban on China stays

Nvidia founder and CEO Jensen Huang said his company’s technology remained a generation ahead of those developed by China, but warned that Huawei Technologies was in a position to expand its semiconductor business should US chip export curbs stay in place. In an interview with US broadcaster CNBC on Thursday, Huang appeared to echo recent published remarks made by Huawei founder and CEO Ren Zhengfei, who said the Chinese company’s Ascend artificial intelligence (AI) processors lagged behind...

Politics

17 h. ago How LA protests might force China to rethink its approach to US ties

The unrest in Los Angeles has revealed US domestic tensions that could momentarily divert Donald Trump’s attention from his China policies, potentially requiring a recalibration of Beijing’s approach towards Washington, according to Chinese analysts. One international relations expert urged Beijing to adopt a more pragmatic approach towards US ties and shift its focus to adapt to the conservative turn in American politics. After days of demonstrations in downtown Los Angeles over citywide US...

Events

20 h. 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

20 h. 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

21 h. ago Why China’s rare earth exports are a key issue in trade tensions with US

Why China’s rare earth exports are a key issue in trade tensions with US  Al Jazeera

Events

22 h. ago Nvidia bets on European AI push amid shrinking China revenue

Nvidia is trying to woo European markets with new partnerships and a pledge to build 20 new artificial intelligence (AI) factories across the continent, as the US chip giant grapples with declining sales in China amid Washington’s tightening export controls. CEO Jensen Huang, speaking at the annual VivaTech conference in Paris on Wednesday, said the company was building the world’s first “industrial artificial intelligence cloud” for European manufacturers. The Germany-based facility, a key part...

Politics