Tag #China

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themoscowtimes.com

🌐 85% Global Worthiness

Apr 29, 19:18

US-China Trade War Risks Crippling Russian Economy Through Yuan Devaluation

An advisor to Russia's Central Bank warns that unresolved US-China trade tensions could trigger a Chinese yuan devaluation, flooding Russia with cheap imports and harming domestic manufacturers, especially with China already accounting for 34.1% of Russia's foreign trade turnover in 2023.

US-China Trade War Risks Crippling Russian Economy Through Yuan Devaluation

An advisor to Russia's Central Bank warns that unresolved US-China trade tensions could trigger a Chinese yuan devaluation, flooding Russia with cheap imports and harming domestic manufacturers, especially with China already accounting for 34.1% of Russia's foreign trade turnover in 2023.

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Decent Work and Economic Growth

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How could the unresolved U.S.-China trade conflict directly impact the Russian economy, considering the current geopolitical context?

U.S.-China trade tensions could significantly harm the Russian economy beyond the impacts of lower oil prices and budget cuts. A potential devaluation of the yuan would boost Chinese goods' competitiveness, threatening Russian manufacturers due to increased imports of cheaper Chinese products, as noted by a Russian Central Bank advisor.

elmundo.es

🌐 85% Global Worthiness

Apr 29, 19:18

White House Accuses Amazon of Politically Motivated Price Increase

The White House criticized Amazon for increasing prices to reflect tariffs imposed by President Trump, prompting Amazon's denial that the changes will be implemented and causing a temporary stock drop; the White House also cited Amazon's alleged ties to China.

White House Accuses Amazon of Politically Motivated Price Increase

The White House criticized Amazon for increasing prices to reflect tariffs imposed by President Trump, prompting Amazon's denial that the changes will be implemented and causing a temporary stock drop; the White House also cited Amazon's alleged ties to China.

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Reduced Inequality

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What is the immediate impact of the White House's accusations on Amazon and its pricing strategies?

The White House accused Amazon of a politically motivated price increase reflecting tariffs imposed by President Trump. Amazon denies this, stating that while a proposal to show import costs on some products was considered, it was never approved. White House spokesperson Karoline Leavitt criticized Amazon for not similarly reflecting costs during the Biden administration.

china.org.cn

🌐 85% Global Worthiness

Apr 29, 10:19

China Eases Tax Refunds to Boost Inbound Tourism

China's new measures to optimize its departure tax refund policy include lowering the minimum purchase threshold to 200 yuan, raising the cash refund cap to 20,000 yuan, and expanding participating stores, aiming to boost inbound spending and enhance the tourist experience.

China Eases Tax Refunds to Boost Inbound Tourism

China's new measures to optimize its departure tax refund policy include lowering the minimum purchase threshold to 200 yuan, raising the cash refund cap to 20,000 yuan, and expanding participating stores, aiming to boost inbound spending and enhance the tourist experience.

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What are the immediate impacts of China's revised departure tax refund policy on inbound tourism and spending?

China recently lowered the minimum purchase threshold for departure tax refunds from 500 to 200 yuan, expanded the network of participating stores, and raised the cash refund ceiling to 20,000 yuan. This significantly boosts the appeal of shopping for overseas tourists like Stephanie from Australia, who praised the policy's ease of use. These changes aim to stimulate inbound spending and improve the tourism experience.

africa.chinadaily.com.cn

🌐 85% Global Worthiness

Apr 29, 07:14

China Announces 160 Billion Yuan Economic Stimulus Package

China unveiled a multi-pronged economic stimulus package exceeding 160 billion yuan, focusing on boosting domestic consumption and investment to counteract external headwinds and stabilize the economy, with key measures slated for the second quarter of 2024.

China Announces 160 Billion Yuan Economic Stimulus Package

China unveiled a multi-pronged economic stimulus package exceeding 160 billion yuan, focusing on boosting domestic consumption and investment to counteract external headwinds and stabilize the economy, with key measures slated for the second quarter of 2024.

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What immediate economic stabilization measures has China announced, and what are their projected short-term impacts?

China announced a series of economic stimulus measures totaling over 160 billion yuan, including consumer goods trade-in programs and childcare subsidies, to boost domestic demand and counter external headwinds. These initiatives aim to stabilize employment and the economy, focusing on consumption, investment, and market access improvements. The measures are expected to be rolled out primarily in the second quarter.

welt.de

🌐 85% Global Worthiness

Apr 29, 10:18

Global EV Market Share Hits Record High in Q1 2024

Global EV and plug-in hybrid sales reached a record 25 percent market share in Q1 2024, driven by a 42 percent surge in Battery Electric Vehicles (BEVs), with China leading the growth (1.6 million units, +55 percent), while German automakers saw significant gains in Europe and Germany but losses in ...

Global EV Market Share Hits Record High in Q1 2024

Global EV and plug-in hybrid sales reached a record 25 percent market share in Q1 2024, driven by a 42 percent surge in Battery Electric Vehicles (BEVs), with China leading the growth (1.6 million units, +55 percent), while German automakers saw significant gains in Europe and Germany but losses in ...

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Climate Action

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What were the key factors driving the record-high market share of EVs and plug-in hybrids in the first quarter of 2024?

In the first quarter of 2024, electric vehicles (EVs) and plug-in hybrids reached a record-high market share of 25 percent globally. This surge was driven primarily by a 42 percent increase in Battery Electric Vehicles (BEVs), reaching 2.7 million units sold across 40 major markets. China led this growth with a 55 percent increase in BEV sales, totaling 1.6 million units.

spanish.china.org.cn

🌐 85% Global Worthiness

Apr 29, 10:19

China's Q1 Industrial Profits Rise Despite External Headwinds

Chinese industrial firm profits rose 0.8% year-on-year in Q1 2024 to 1.5 trillion yuan, driven by high-tech manufacturing and government stimulus, but external challenges remain, prompting further fiscal and monetary measures.

China's Q1 Industrial Profits Rise Despite External Headwinds

Chinese industrial firm profits rose 0.8% year-on-year in Q1 2024 to 1.5 trillion yuan, driven by high-tech manufacturing and government stimulus, but external challenges remain, prompting further fiscal and monetary measures.

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What immediate economic impacts resulted from China's first-quarter industrial profit growth, and what are the global implications?

Chinese industrial firms saw a 0.8% year-on-year increase in profits during the first quarter of 2024, reaching 1.5 trillion yuan. This growth is primarily attributed to the robust performance of high-tech manufacturing and sustained economic resilience amid trade disputes with the US. Economists expect a U-shaped recovery, with gradual stabilization in the second half of the year.

forbes.com

🌐 85% Global Worthiness

Apr 29, 19:18

U.S. Funding Cuts Fuel Scientific Brain Drain to China and EU

Following U.S. government funding cuts and subsequent layoffs at agencies like the CDC and NIH, China and the EU are aggressively recruiting displaced American scientists, offering attractive relocation packages and research opportunities, creating a potential long-term strategic disadvantage for th...

U.S. Funding Cuts Fuel Scientific Brain Drain to China and EU

Following U.S. government funding cuts and subsequent layoffs at agencies like the CDC and NIH, China and the EU are aggressively recruiting displaced American scientists, offering attractive relocation packages and research opportunities, creating a potential long-term strategic disadvantage for th...

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Quality Education

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What is the immediate impact of U.S. government funding cuts on the nation's scientific workforce and global competitiveness?

Following funding reductions by the Department of Government Efficiency, the U.S. has experienced a wave of layoffs across federal agencies like the CDC and NIH. This has led to other countries, such as China and the EU, actively recruiting these displaced scientists, offering lucrative packages and streamlined relocation processes. The U.S. is losing skilled researchers, impacting its innovation capacity.

theglobeandmail.com

🌐 85% Global Worthiness

Apr 29, 19:18

Apple Faces Tariff Headwinds, AI Delays in Q2 Results

Apple is expected to report a small fall in iPhone sales for the second straight quarter in its Q2 results, despite strong demand for its new iPhone 16e, due to the looming threat of Sino-U.S. tariffs and delayed AI features. The company is attempting to mitigate the tariff impact by shifting produc...

Apple Faces Tariff Headwinds, AI Delays in Q2 Results

Apple is expected to report a small fall in iPhone sales for the second straight quarter in its Q2 results, despite strong demand for its new iPhone 16e, due to the looming threat of Sino-U.S. tariffs and delayed AI features. The company is attempting to mitigate the tariff impact by shifting produc...

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How is Apple addressing the potential negative impacts of the Sino-U.S. tariff standoff on its business?

The delayed rollout of key AI features and the looming threat of tariffs are major challenges for Apple. The company's reliance on Chinese manufacturing (90% of products) and its comparatively slower AI development compared to competitors like Samsung and Google expose vulnerabilities. These factors contribute to a decline in iPhone sales and overall market share, particularly in China.

euronews.com

🌐 85% Global Worthiness

Apr 29, 10:18

Trump Administration Announces Tariff Relief on Auto Parts

The Trump administration announced tariff relief on auto parts for cars made in the US, preventing double taxation and aiming to boost domestic manufacturing, following intense industry lobbying and market volatility.

Trump Administration Announces Tariff Relief on Auto Parts

The Trump administration announced tariff relief on auto parts for cars made in the US, preventing double taxation and aiming to boost domestic manufacturing, following intense industry lobbying and market volatility.

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What immediate impact will the tariff relief on auto parts have on the US automotive industry and global markets?

The Trump administration announced tariff relief on auto parts, reducing tariffs for domestically manufactured cars and preventing double taxation on existing levies. This follows intense lobbying by industry leaders and President Trump's mid-April indication to aid car companies. A formal proclamation is expected soon.

us.cnn.com

🌐 85% Global Worthiness

Apr 29, 10:18

Four Hong Kong Pro-Democracy Activists Released After Four Years

Four pro-democracy activists, including Claudia Mo, Kwok Ka-ki, Jeremy Tam, and Gary Fan, were released from Hong Kong prisons on Tuesday after serving over four years for conspiracy to commit subversion under the national security law, following a 2021 arrest for organizing a 2020 unofficial primar...

Four Hong Kong Pro-Democracy Activists Released After Four Years

Four pro-democracy activists, including Claudia Mo, Kwok Ka-ki, Jeremy Tam, and Gary Fan, were released from Hong Kong prisons on Tuesday after serving over four years for conspiracy to commit subversion under the national security law, following a 2021 arrest for organizing a 2020 unofficial primar...

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Peace, Justice, and Strong Institutions

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What are the long-term implications of this case for the future of democratic participation and freedom of expression in Hong Kong?

The release, while seemingly positive for the individuals involved, doesn't signal an end to the erosion of democratic freedoms in Hong Kong. The national security law continues to be used to suppress dissent, and future arrests and prosecutions remain a likely possibility. The case underscores the ongoing tension between China and Western governments who view the trial as politically motivated.

china.org.cn

🌐 85% Global Worthiness

Apr 29, 10:19

Chinese Companies Diversify Markets Amid US Tariff Hikes

A recent survey of 1,100 Chinese foreign trade companies shows that nearly 50 percent plan to reduce US business due to tariffs, while 75.3 percent are expanding into emerging markets to compensate, prompting a strategic shift in Chinese trade practices.

Chinese Companies Diversify Markets Amid US Tariff Hikes

A recent survey of 1,100 Chinese foreign trade companies shows that nearly 50 percent plan to reduce US business due to tariffs, while 75.3 percent are expanding into emerging markets to compensate, prompting a strategic shift in Chinese trade practices.

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What is the primary impact of US tariff hikes on Chinese foreign trade companies, and what specific actions are they taking in response?

A survey of over 1100 Chinese foreign trade companies revealed that nearly half plan to curtail US business due to tariffs. Simultaneously, 75.3 percent aim to expand into emerging markets. This shift reflects a proactive response to increased uncertainty caused by fluctuating US trade policies.

usa.chinadaily.com.cn

🌐 75% Global Worthiness

Apr 29, 04:13

China's 10-Year Rural Revitalization Plan: Addressing the Youth Gap in Agriculture

China's 10-year rural vitalization plan, released in April, aims to modernize agriculture and improve rural life for 700 million people by 2035, focusing on food security, global competitiveness, and technological adoption, but faces a challenge in attracting young people to rural agricultural caree...

China's 10-Year Rural Revitalization Plan: Addressing the Youth Gap in Agriculture

China's 10-year rural vitalization plan, released in April, aims to modernize agriculture and improve rural life for 700 million people by 2035, focusing on food security, global competitiveness, and technological adoption, but faces a challenge in attracting young people to rural agricultural caree...

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Zero Hunger

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What specific economic and social measures are necessary to make agricultural careers in rural China attractive to young people, reversing the current trend of urban migration?

The plan's success depends on attracting young, educated workers to rural areas to utilize advanced technologies like AI and precision farming. Currently, most rural farmers are elderly, and young people seek higher-paying urban jobs. This necessitates improving wages and working conditions in rural agriculture.

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