Tag #China

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us.cnn.com

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Apr 30, 16:13

China's Factory Activity Contracts Sharply Amid US Tariffs

China's factory activity contracted at its fastest pace in 16 months in April, falling to 49.0 on the PMI, due to US tariffs impacting the manufacturing sector and weakening external demand, prompting calls for increased economic stimulus.

China's Factory Activity Contracts Sharply Amid US Tariffs

China's factory activity contracted at its fastest pace in 16 months in April, falling to 49.0 on the PMI, due to US tariffs impacting the manufacturing sector and weakening external demand, prompting calls for increased economic stimulus.

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What are the underlying causes of China's economic slowdown beyond the US tariffs, and how are these factors interacting?

The contraction in China's manufacturing sector is directly linked to the 145% US tariffs on Chinese goods, causing order cancellations and production cuts. This impact is most acute this quarter, weakening external demand and highlighting the inadequacy of current policy responses. The decline in new export orders to 44.7 further underscores this trend.

nos.nl

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Apr 30, 22:13

Global Container Shipping Chaos: 80 Ships Cancel Routes Amid US Trade Policy Uncertainty

Eighty container ships have canceled or altered their routes globally due to the new US trade policies, creating chaos and significant delays in ports like Rotterdam, as trade between China and the US has significantly reduced.

Global Container Shipping Chaos: 80 Ships Cancel Routes Amid US Trade Policy Uncertainty

Eighty container ships have canceled or altered their routes globally due to the new US trade policies, creating chaos and significant delays in ports like Rotterdam, as trade between China and the US has significantly reduced.

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What is the immediate impact of the recent surge in canceled container ship routes on global trade and supply chains?

Due to President Trump's new trade policies, 80 container ships globally have canceled or altered routes, representing about 20% of total capacity. This is significantly higher than the 50 cancellations during the peak of the COVID-19 crisis, causing major disruptions and delays in ports like Rotterdam.

africa.chinadaily.com.cn

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Apr 30, 07:19

New School of Economics Launched in Beijing to Boost China's Economic Growth

The University of International Business and Economics launched a new School of Economics in Beijing on Saturday, aiming to cultivate top economic talent, drive digital economy development, and contribute Chinese solutions to global economic challenges by 2035.

New School of Economics Launched in Beijing to Boost China's Economic Growth

The University of International Business and Economics launched a new School of Economics in Beijing on Saturday, aiming to cultivate top economic talent, drive digital economy development, and contribute Chinese solutions to global economic challenges by 2035.

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How does the establishment of the School of Economics address the challenges China faces in boosting domestic demand and managing external trade tensions?

The new School of Economics is designed to address challenges facing China's economy, such as boosting domestic demand and navigating external trade tensions. By focusing on talent development and high-quality growth, the initiative aims to contribute Chinese solutions to global economic development and enhance China's international economic influence. This aligns with China's goals for continued economic rise and technological innovation.

lexpress.fr

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Apr 30, 22:12

U.S. GDP Contracts 0.3% in Q1 2025 Amid Tariff-Driven Import Surge

The U.S. economy contracted by 0.3% in Q1 2025, the first decline since 2022, primarily due to a surge in imports before new tariffs took effect; President Trump attributes it to his predecessor's policies, while the opposition criticizes his economic approach.

U.S. GDP Contracts 0.3% in Q1 2025 Amid Tariff-Driven Import Surge

The U.S. economy contracted by 0.3% in Q1 2025, the first decline since 2022, primarily due to a surge in imports before new tariffs took effect; President Trump attributes it to his predecessor's policies, while the opposition criticizes his economic approach.

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Decent Work and Economic Growth

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What is the immediate impact of the reported 0.3% decline in the U.S. GDP, and what are the primary causes identified in the article?

The U.S. economy experienced a 0.3% annualized contraction in Q1 2025, its first decline since 2022, defying analyst predictions of minimal growth. This contraction is largely attributed to increased imports driven by preemptive purchasing before new tariffs took effect. President Trump attributes the decline to his predecessor's policies, while the opposition blames his economic strategy.",A2="The Q1 2025 GDP decline, while unexpected, is linked to a surge in imports as businesses and consumers rushed purchases before tariff increases. This preemptive buying spree will likely impact future economic indicators, suggesting the contraction may be temporary and followed by further economic volatility. The decreased consumer confidence, in the context of new tariffs and retaliatory measures from China, further complicates the economic outlook.",A3="The significant increase in imports before tariff implementation highlights a strategic response from consumers and businesses that may cause short-term economic instability, even with the long-term aim of boosting domestic manufacturing. The potential for supply chain disruptions and price increases, acknowledged by President Trump, poses a considerable challenge for his administration. The effectiveness of Trump's protectionist measures in the long run remains uncertain, especially given China's retaliatory actions.",Q1="What is the immediate impact of the reported 0.3% decline in the U.S. GDP, and what are the primary causes identified in the article?",Q2="How do the increased imports and preemptive buying patterns relate to the overall economic picture, and what future economic implications are anticipated?",Q3="Considering the conflicting perspectives between the Trump administration and the Democratic opposition, what underlying factors determine the long-term effectiveness of the current economic strategy?",ShortDescription="The U.S. economy contracted by 0.3% in Q1 2025, the first decline since 2022, primarily due to a surge in imports before new tariffs took effect; President Trump attributes it to his predecessor's policies, while the opposition criticizes his economic approach.",ShortTitle="U.S. GDP Contracts 0.3% in Q1 2025 Amid Tariff-Driven Import Surge"))

china.org.cn

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Apr 30, 19:21

Xi Jinping Outlines China's Economic and Social Development Plan for 2026-2030

Chinese President Xi Jinping announced the key goals for China's economic and social development from 2026-2030, emphasizing socialist modernization, national rejuvenation, high-quality development, and a balanced approach to development and security, following the successful implementation of the 1...

Xi Jinping Outlines China's Economic and Social Development Plan for 2026-2030

Chinese President Xi Jinping announced the key goals for China's economic and social development from 2026-2030, emphasizing socialist modernization, national rejuvenation, high-quality development, and a balanced approach to development and security, following the successful implementation of the 1...

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Reduced Inequality

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What are the key goals and strategies outlined by Xi Jinping for China's economic and social development in the 2026-2030 period?

Chinese President Xi Jinping has called for adapting to change and strategic planning for the country's economic and social development from 2026-2030. This follows efforts to meet targets set in the 14th Five-Year Plan (2021-2025) and to formulate the next five-year plan. The plan aims to achieve socialist modernization and national rejuvenation.",

nbcnews.com

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Apr 30, 22:13

Nvidia CEO: China Close Behind U.S. in AI, Despite Export Restrictions

Nvidia CEO Jensen Huang stated that China is close behind the U.S. in AI, and that Huawei is a formidable competitor, while acknowledging that recent U.S. restrictions on chip exports to China will cost Nvidia \$5.5 billion.

Nvidia CEO: China Close Behind U.S. in AI, Despite Export Restrictions

Nvidia CEO Jensen Huang stated that China is close behind the U.S. in AI, and that Huawei is a formidable competitor, while acknowledging that recent U.S. restrictions on chip exports to China will cost Nvidia \$5.5 billion.

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Industry, Innovation, and Infrastructure

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How does Huawei's progress in AI technology contribute to the competitive landscape between the U.S. and China?

Huang's assessment positions China as a significant competitor in the global AI race, emphasizing Huawei's advancements. U.S. export restrictions, impacting Nvidia's sales and profitability, underscore the geopolitical complexities and economic stakes in the AI sector.

europe.chinadaily.com.cn

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Apr 30, 04:15

Xi Pledges Continued Support for BRICS Bank, Emphasizing Global South Development

During his Tuesday visit to the BRICS New Development Bank (NDB) in Shanghai, President Xi Jinping reiterated China's strong support for the institution, urging it to further assist the Global South's development, particularly in green and sustainable infrastructure, while NDB President Dilma Rousse...

Xi Pledges Continued Support for BRICS Bank, Emphasizing Global South Development

During his Tuesday visit to the BRICS New Development Bank (NDB) in Shanghai, President Xi Jinping reiterated China's strong support for the institution, urging it to further assist the Global South's development, particularly in green and sustainable infrastructure, while NDB President Dilma Rousse...

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Reduced Inequality

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How does the NDB's focus on green and sustainable development contribute to broader global goals?

Xi's visit underscores China's commitment to the NDB and its role in reshaping global finance. His call for increased support for the Global South reflects a broader shift in global power dynamics, with emerging economies seeking greater influence in international institutions. The NDB's focus on green and sustainable development aligns with global efforts to combat climate change and promote inclusive growth.

french.china.org.cn

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Apr 30, 22:13

Xi Jinping Outlines Priorities for China's 2026-2030 Development Plan

Chinese President Xi Jinping emphasized adapting to change and developing robust plans for China's economic and social development from 2026-2030, focusing on socialist modernization and national rejuvenation during a Shanghai symposium on the 15th Five-Year Plan.

Xi Jinping Outlines Priorities for China's 2026-2030 Development Plan

Chinese President Xi Jinping emphasized adapting to change and developing robust plans for China's economic and social development from 2026-2030, focusing on socialist modernization and national rejuvenation during a Shanghai symposium on the 15th Five-Year Plan.

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What are the key priorities for China's economic and social development in the 15th Five-Year Plan (2026-2030)?

Chinese President Xi Jinping has called for adapting to changing situations, seizing strategic priorities, and developing robust plans for the country's economic and social development during 2026-2030. This follows China's push to meet targets in the 14th Five-Year Plan (2021-2025) and formulate the next plan. The emphasis is on achieving socialist modernization and national rejuvenation.

edition.cnn.com

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Apr 30, 19:20

Tariffs on Chinese Goods Hike Prices on Temu and Shein, Hitting Low-Income Consumers Hard

The expiration of a duty-free import exemption and increased tariffs on Chinese goods are causing price hikes on popular e-commerce sites Temu and Shein, disproportionately affecting low-income American consumers who heavily rely on these platforms for affordable products.

Tariffs on Chinese Goods Hike Prices on Temu and Shein, Hitting Low-Income Consumers Hard

The expiration of a duty-free import exemption and increased tariffs on Chinese goods are causing price hikes on popular e-commerce sites Temu and Shein, disproportionately affecting low-income American consumers who heavily rely on these platforms for affordable products.

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No Poverty

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How does the disproportionate impact of the price increases on low-income households relate to existing economic inequalities in the US?

The increase in Chinese export package values from \$5.3 billion in 2018 to \$66 billion in 2023 demonstrates the significant reliance on cheap Chinese goods. The Trump administration's tariffs, coupled with the expiring \$800 de minimis exemption, are causing price hikes on Temu and Shein, disproportionately affecting lower-income consumers who spent over triple their share of income on apparel compared to wealthier households in 2021. This underscores the economic impact of trade policy on vulnerable populations.

china.org.cn

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Apr 30, 19:21

China's White Paper: COVID-19 Origins Tracing and US Response Criticized

China released a white paper Wednesday detailing its cooperation with the WHO in COVID-19 origin tracing, refuting the Wuhan lab leak theory, and criticizing the US response, suggesting earlier US outbreak and demanding investigation.

China's White Paper: COVID-19 Origins Tracing and US Response Criticized

China released a white paper Wednesday detailing its cooperation with the WHO in COVID-19 origin tracing, refuting the Wuhan lab leak theory, and criticizing the US response, suggesting earlier US outbreak and demanding investigation.

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Good Health and Well-being

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How does China's white paper contrast its own actions in combating COVID-19 with those of the United States, and what evidence does it provide?

China's white paper details its contributions to global COVID-19 research and aid, emphasizing collaborative studies with the WHO and the sharing of viral genome sequencing and prevention measures. Conversely, it accuses the US of politicizing the origins tracing and hindering global efforts, citing potential evidence of an earlier US outbreak.

zeit.de

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Apr 30, 19:21

US Tariffs: Uncertainty Impacts Asian Growth, but Regional Shifts Offer Resilience

Asian economies face uncertainty due to US tariffs, with projected growth slowing by 0.8-0.9 percentage points if tariffs are fully implemented; however, ongoing negotiations and the region's shift in growth dynamics from China to other countries like India and Vietnam are mitigating these impacts.

US Tariffs: Uncertainty Impacts Asian Growth, but Regional Shifts Offer Resilience

Asian economies face uncertainty due to US tariffs, with projected growth slowing by 0.8-0.9 percentage points if tariffs are fully implemented; however, ongoing negotiations and the region's shift in growth dynamics from China to other countries like India and Vietnam are mitigating these impacts.

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What is the immediate impact of US tariffs on Asian economies, and how are these impacts being mitigated by the region's countries?

US President Trump's tariffs pose a challenge to Asian export markets. The chief economist of the Asian Development Bank, Albert Park, explains how Asian countries are reacting and even using this as an opportunity. Uncertainty due to tariffs is impacting investment decisions in the region.

europe.chinadaily.com.cn

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Apr 30, 07:19

Sinochem Disputes Loss of Control Over Pirelli, Citing Italian Law

Marco Polo International (MPI), a Sinochem subsidiary, disputes Pirelli's board's declaration of no controlling shareholder, citing Italy's "Golden Power" regulations; this highlights ongoing tensions between MPI and Pirelli's management, particularly Marco Tronchetti Provera, over control and opera...

Sinochem Disputes Loss of Control Over Pirelli, Citing Italian Law

Marco Polo International (MPI), a Sinochem subsidiary, disputes Pirelli's board's declaration of no controlling shareholder, citing Italy's "Golden Power" regulations; this highlights ongoing tensions between MPI and Pirelli's management, particularly Marco Tronchetti Provera, over control and opera...

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What are the immediate implications of MPI's claim of continued control over Pirelli under Italian law?

Marco Polo International (MPI), a subsidiary of China's Sinochem, disagrees with Pirelli's board assessment that it no longer holds controlling interest. MPI asserts its control remains under Italy's "Golden Power" regulations. This dispute highlights ongoing tension between MPI and Pirelli's management, particularly executive vice-chairman Marco Tronchetti Provera.

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