The contraction was expected, as this month saw steep new US tariff rates on Chinese imports kick in – leaving many exporters in limbo
Greater China
Some mainland Chinese manufacturers have reportedly received word from Walmart, and other major US retailers, that shipments can resume after weeks in limbo
Chinese regulators have issued a strong caution to CK Hutchison and partners, emphasizing adherence to antitrust laws and concerns about splitting the deal
The central government also expressed confidence it will still reach its growth target of 5 percent, despite an evolving ‘international situation’
Analysts say the change of tone is a sign that Washington is feeling the pressure and that Trump’s remarks will only strengthen Beijing’s resolve to wait things out
A spokesperson for the China Manned Space Agency said that astronauts-in-training from Macao and Hong Kong could be travelling to space as early as 2026
US Treasury Secretary Scott Bessent has expressed optimism about de-escalating trade tensions with China, saying current tariffs are unsustainable
Temu and Shein have dramatically reduced the amount of ads they buy on US social media amid Washington’s trade war on China
An editorial in the China Daily says Washington is ‘taking a free ride on the globalisation train’ and calls on the US to stop its ‘destructive behaviour’