Business
How a U.S. Tax Loophole Supercharged China’s Exports
When Congress raised the threshold for imported goods to enter the United States tax-free to $800 from $200 nearly a decade ago, it threw…
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China
Business
Asia: Stocks gain after China teases US tariff talks
Asian markets largely rose on Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs.…
News
As a Tariff Loophole Closes, Sellers Who Import From China Brace for Chaos
Small-ticket items shipped to the United States from China will no longer be exempt from tariffs starting on Friday, when a decision by…
News
A long-abandoned US nuclear technology is making a comeback in China
You can basically copy and paste that line into countless stories about today’s advanced reactor technology. Molten-salt cooling systems?…
Business
Luxury Grapples With Disillusionment and Fragile Recovery in China
SHANGHAI — The Chinese retail market showed signs of “fragile recovery” in the first quarter amid an ongoing trade war and domestic…
News
Chinese Factories Slow in Early Sign of Trade War’s Toll
President Trump’s tariffs are already taking a toll on China’s factories. Three weeks into a trade war that pushed import tariffs of…
Business
Nomura’s China losses narrow as brokerage seeks turnaround
Nomura Holdings posted a smaller loss at its joint venture in China last year, as the brokerage seeks to turn around the business in the…
Business
Asia: Markets struggle as trade war hits China factory activity
Stocks started limply on Wednesday as investors struggled to match Wall Street’s rally, with data showing Chinese factory activity…
Business
Prudential’s quarterly new business profit rises on strong Hong Kong, China growth
ENTIAL on Wednesday (Apr 30) reported a 12 per cent rise in new business profit for the first quarter, as the Asia-focused insurer…
News
China asks drugmakers, hospitals to find US import substitutes
China has asked some of its state-owned drugmakers to study how they can reduce reliance on the US for pharmaceutical products and raw…
Business
Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is…
Business
ASM’s orders beat estimates on strong demand from China
ASM International’s first-quarter orders beat estimates, fuelled by high demand for chipmaking equipment in artificial intelligence (AI)…
Business
UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come…
News
West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Census Bureau data released on Tuesday showed a surge in U.S. imports starting last fall, from $268 billion at the end of October to $343…
News
'Hostile and political act': White House clashes with Amazon over idea to disclose tariff costs
The White House on Tuesday blasted Amazon over a proposal to show the cost of President Trump’s tariffs next to the price of some products…
News
Are Shein and Temu Prices Going Up? What to Know as Trump Ends De Minimis Tariff Loophole
A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and…
News
Retailers Fear Toy Shortages at Christmas as Tariffs Freeze Supply Chain
President Trump’s China tariffs are threatening Christmas. Toy makers, children’s shops and specialty retailers are pausing orders for the…
Business
Porsche's Q1 profit margin plunges on China weakness, US tariffs
Luxury sports carmaker Porsche on Tuesday (Apr 29) said its operating margin fell to 8.6 per cent in the first quarter, below analyst…
Business
China still backs overseas coal plants despite 2021 pledge, research shows
Chinese firms are still building new coal-fired power plants in Indonesia despite a 2021 pledge to stop financing coal projects overseas,…
News
Treasury Secretary Admits Trump Is Nowhere Close to China Trade Deal
Trump’s whiplash tariff proposals turned the stock market—and Americans’ retirement savings—into a rollercoaster of losses. Still, Trump’s…
News
Why Trump’s Economic Disruption Will Be Hard to Reverse
President Trump has made clear his intent to smash the reigning global economic order. And in 100 days, he has made remarkable progress in…
Business
First Sponsor reports subdued market sentiments affecting China property development in Q1 2025
It remains cautiously optimistic that government support this year will contribute to gradual market recovery in country First Sponsor…
Business
China claims no need for US grain as Brazil supplies grow
China’s grain supply will not be affected by a loss of US feed grain and oilseed imports, thanks to abundantly available substitutes on…
Fashion
China approves 10 new reactors in nuclear power ramp-up
The 10 latest reactors are expected to cost a total of 200 billion yuan, according to local media outlet China’s State Council approved 10…