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Economy
China cuts key lending rates to record lows to counter US tariffs hit
China’s central bank has cut its key lending rates to record lows to bolster the economy and cushion the impact of escalating trade tensions with the United States. The move follows a sweeping stimulus package announced earlier this month.
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.
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.