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China
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Economy
China’s manufacturing drops to a 16-month low as Trump’s tariffs bite
China’s factory activity in April fell to its lowest level since December 2023 as US tariffs weighed on business sentiment. Analysts noted that importers have now adopted a “wait-and-see” approach after Chinese manufacturers rushed to complete orders in March.
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Business
Donald Trump announces fees on Chinese-built vessels at US ports
The Trump administration announced new fees on Chinese-built vessels on Thursday, stating that the move aims to "begin to reverse Chinese dominance, address threats to the US supply chain, and send a demand signal for US-built ships."
Economy
China’s first-quarter economic growth beats estimates as tariffs loom
China’s economy grew by 5.4% in the first quarter, surpassing analysts’ expectations. Other key economic data has also topped estimates, suggesting the stimulus measures have been effective in bolstering the world’s second-largest economy. However, its economic outlook remains uncertain.
Economy
China vows to fight tariffs to end and says trade with US is balanced
China again vowed to “fight to the end” against Donald Trump's tariffs in a lengthy policy statement published on Wednesday, arguing that trade between the two countries is in balance as a 104% tax on the country's exports to the US came into effect.
Business
Beijing vows to 'fight to the end' as Trump threatens 50% more tariffs
In response to Trump’s threat of an additional 50% in tariffs, China vowed to “fight to the end” while stepping in to stabilise its stock markets following a sharp plunge. Broader markets rebounded on dip-buying as investors await developments in trade negotiations.