Tag #Trade

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english.kyodonews.net

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May 16, 04:10

Japan's Economy Contracts for First Time in Four Quarters

Japan's economy shrank 0.7 percent annualized in the January-March period of 2025, marking the first contraction in four quarters, with real GDP down 0.2 percent from the previous quarter, raising concerns about the nation's economic outlook and fiscal health.

Japan's Economy Contracts for First Time in Four Quarters

Japan's economy shrank 0.7 percent annualized in the January-March period of 2025, marking the first contraction in four quarters, with real GDP down 0.2 percent from the previous quarter, raising concerns about the nation's economic outlook and fiscal health.

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What is the significance of Japan's first economic contraction in four quarters, and what are the immediate consequences?

Japan's economy contracted 0.7 percent annualized in the first quarter of 2025, marking its first decline in four quarters. Real GDP decreased 0.2 percent from the previous quarter. This contraction follows a period of economic growth and indicates a potential slowdown.

europe.chinadaily.com.cn

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May 15, 04:09

Middle Corridor Cargo Volume Surges 20% in 2024 Amidst Ukraine Crisis and BRI Alignment

The Middle Corridor's cargo volume surged 20.55% in 2024 to 3.332 million metric tons, and container volume increased by 175.61% to 56,500 TEUs, driven by the Ukraine crisis and the alignment with China's Belt and Road Initiative, aiming for 10-11 million metric tons by 2030.

Middle Corridor Cargo Volume Surges 20% in 2024 Amidst Ukraine Crisis and BRI Alignment

The Middle Corridor's cargo volume surged 20.55% in 2024 to 3.332 million metric tons, and container volume increased by 175.61% to 56,500 TEUs, driven by the Ukraine crisis and the alignment with China's Belt and Road Initiative, aiming for 10-11 million metric tons by 2030.

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What is the impact of the Ukraine crisis on the Middle Corridor's freight volume and global significance?

The Middle Corridor, a trade route connecting China and Europe via Central Asia, saw a 20.55% increase in cargo volume (reaching 3.332 million metric tons) and a 175.61% rise in container volume in 2024. This surge is largely due to the Ukraine crisis, which disrupted the Northern Corridor and increased reliance on the Middle Corridor. The World Bank projects cargo volume to reach 10-11 million metric tons by 2030.

theglobeandmail.com

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May 15, 01:10

Boeing Secures Record $96 Billion Middle East Order

During President Trump's Middle East visit, Boeing secured a record-breaking $96 billion order from Qatar for 787 and 777X jets and a separate deal with Saudi Arabia for 20 737-8 jets, marking a significant recovery after years of challenges, including the 737 Max grounding and trade disputes.

Boeing Secures Record $96 Billion Middle East Order

During President Trump's Middle East visit, Boeing secured a record-breaking $96 billion order from Qatar for 787 and 777X jets and a separate deal with Saudi Arabia for 20 737-8 jets, marking a significant recovery after years of challenges, including the 737 Max grounding and trade disputes.

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What is the immediate financial impact of the Qatar and Saudi Arabia orders on Boeing, considering recent challenges?

Boeing secured a $96 billion order from Qatar for 787 and 777X jets, the largest order for wide-body jets in its history. Additionally, a separate deal with Saudi Arabia includes 20 737-8 jets with options for 10 more. These orders follow the lifting of a Chinese ban on Boeing plane deliveries.

europe.chinadaily.com.cn

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May 15, 04:09

Arab Support Bolsters China's Economic and Geopolitical Influence Amidst US Tariffs

Arab nations' support for China's free trade stance against US tariffs is resulting in increased trade, Chinese investment in Arab infrastructure and ports, and a shift in global trade routes, benefiting both China and Arab states economically and geopolitically.

Arab Support Bolsters China's Economic and Geopolitical Influence Amidst US Tariffs

Arab nations' support for China's free trade stance against US tariffs is resulting in increased trade, Chinese investment in Arab infrastructure and ports, and a shift in global trade routes, benefiting both China and Arab states economically and geopolitically.

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What are the immediate economic and geopolitical consequences of Arab nations' support for China's stance against US tariffs?

The US tariffs on China and other countries have negatively impacted global economic growth and disrupted international trade. Many countries, including Arab nations, support China's advocacy for a multilateral trading system and free trade principles, bolstering China's image as a defender of developing nations' interests.

french.china.org.cn

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May 15, 07:13

China and Colombia Strengthen Ties, Expand Belt and Road Cooperation

During a Beijing meeting, Chinese President Xi Jinping and Colombian President Gustavo Petro agreed to deepen bilateral cooperation, including infrastructure development and renewable energy projects, under the Belt and Road Initiative, marking the 45th anniversary of diplomatic relations.

China and Colombia Strengthen Ties, Expand Belt and Road Cooperation

During a Beijing meeting, Chinese President Xi Jinping and Colombian President Gustavo Petro agreed to deepen bilateral cooperation, including infrastructure development and renewable energy projects, under the Belt and Road Initiative, marking the 45th anniversary of diplomatic relations.

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How will this partnership influence Colombia's economic diversification strategy and its relationships with other global powers?

This collaboration marks the 45th anniversary of diplomatic relations and leverages Colombia's role in the Community of Latin American and Caribbean States (CELAC). China's Belt and Road initiative aims to boost trade, investment, and infrastructure development, aligning with Colombia's goal of economic diversification and sustainable growth.

europe.chinadaily.com.cn

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May 15, 07:13

Michel Urges Stronger China-EU Cooperation Amidst Global Uncertainty

Former European Council President Charles Michel urges stronger China-EU cooperation to navigate global challenges, citing $762 billion in bilateral trade in 2024 and suggesting reforms to the WTO and new financial tools to foster collaboration.

Michel Urges Stronger China-EU Cooperation Amidst Global Uncertainty

Former European Council President Charles Michel urges stronger China-EU cooperation to navigate global challenges, citing $762 billion in bilateral trade in 2024 and suggesting reforms to the WTO and new financial tools to foster collaboration.

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Partnerships for the Goals

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How does Michel's suggestion to reform the WTO dispute settlement mechanism relate to the broader context of China-EU trade relations?

Michel's comments highlight the increasing interdependence between China and the EU in tackling complex global issues. His call for a new plan to address internet development and partnerships underscores the need for international collaboration, moving beyond national approaches. The significant bilateral trade volume further emphasizes the economic benefits of this cooperation.

theglobeandmail.com

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May 16, 01:13

Rio Tinto to Modernize Quebec Hydro Plant Amidst U.S. Tariffs

Rio Tinto PLC will invest $1.7 billion to upgrade its 99-year-old Isle-Maligne hydroelectric plant in Quebec, Canada, securing its aluminum production amidst U.S. tariffs; this is the largest single investment in its hydroelectric assets since the 1950s.

Rio Tinto to Modernize Quebec Hydro Plant Amidst U.S. Tariffs

Rio Tinto PLC will invest $1.7 billion to upgrade its 99-year-old Isle-Maligne hydroelectric plant in Quebec, Canada, securing its aluminum production amidst U.S. tariffs; this is the largest single investment in its hydroelectric assets since the 1950s.

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Industry, Innovation, and Infrastructure

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What is the significance of Rio Tinto's $1.7 billion investment in its Quebec hydroelectric plant, considering the ongoing trade tensions between the U.S. and Canada?

Rio Tinto will invest $1.7 billion to modernize its Isle-Maligne hydroelectric plant in Quebec, ensuring the long-term competitiveness of its aluminum production. This seven-year project is the largest single investment in its hydroelectric assets since the 1950s and will increase capacity at its aluminum smelters. The modernization directly counters the impact of Trump-era tariffs on aluminum imports.

usa.chinadaily.com.cn

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May 15, 07:13

Michel Urges Stronger EU-China Cooperation to Tackle Global Challenges

Former European Council President Charles Michel urges stronger EU-China collaboration to tackle global issues, citing $762 billion in bilateral trade in 2024 and emphasizing dialogue over trade conflicts.

Michel Urges Stronger EU-China Cooperation to Tackle Global Challenges

Former European Council President Charles Michel urges stronger EU-China collaboration to tackle global issues, citing $762 billion in bilateral trade in 2024 and emphasizing dialogue over trade conflicts.

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What are the key recommendations made by Charles Michel to improve EU-China relations and address shared global challenges?

Charles Michel, former European Council president, advocates for increased EU-China cooperation to address global challenges like climate change and digital technology development, emphasizing dialogue over trade wars. Bilateral trade between China and the EU reached $762 billion in 2024, highlighting the economic interdependence.

dailymail.co.uk

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May 15, 04:09

Badenoch Attacks Starmer's 'Surrender' Brexit Deal

Kemi Badenoch criticized Labour leader Keir Starmer's Brexit negotiations, accusing him of prioritizing closer EU ties over British interests, citing potential concessions on fishing and defense pacts. A UK-EU summit on Monday aims to reset post-Brexit relations, potentially including trading agreem...

Badenoch Attacks Starmer's 'Surrender' Brexit Deal

Kemi Badenoch criticized Labour leader Keir Starmer's Brexit negotiations, accusing him of prioritizing closer EU ties over British interests, citing potential concessions on fishing and defense pacts. A UK-EU summit on Monday aims to reset post-Brexit relations, potentially including trading agreem...

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How might the proposed concessions, such as those concerning gene-edited crops and fishing rights, impact the UK's economic competitiveness and its standing in international relations?

Badenoch's statement highlights a key point of contention in the UK's post-Brexit relationship with the EU: the balance between securing closer ties and safeguarding national interests. The planned concessions, including those regarding gene-edited crops and potentially fishing rights, illustrate the difficult choices involved in navigating this complex relationship. These concessions are viewed by some as detrimental to the UK's economic competitiveness and autonomy.

french.china.org.cn

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May 15, 07:13

China and Chile Strengthen Strategic Partnership, Expanding Economic and Technological Cooperation

Chinese President Xi Jinping and Chilean President Gabriel Boric met in Beijing on Wednesday, celebrating 55 years of diplomatic relations and signing numerous cooperation agreements across various sectors, deepening economic ties and emphasizing multilateralism and free trade.

China and Chile Strengthen Strategic Partnership, Expanding Economic and Technological Cooperation

Chinese President Xi Jinping and Chilean President Gabriel Boric met in Beijing on Wednesday, celebrating 55 years of diplomatic relations and signing numerous cooperation agreements across various sectors, deepening economic ties and emphasizing multilateralism and free trade.

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What immediate economic and political impacts result from China and Chile's strengthened strategic partnership?

Chinese President Xi Jinping met with Chilean President Gabriel Boric in Beijing on Wednesday, marking the 55th anniversary of diplomatic relations. Xi emphasized strengthening their strategic partnership, creating a development model for China and Latin American countries, and promoting global peace. Specific cooperation areas include infrastructure, green minerals, and technology.

global.chinadaily.com.cn

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May 15, 07:13

New China-Mongolia Railway to Boost Energy Trade and Economic Cooperation

China and Mongolia started building a new cross-border railway line expected to be completed by 2027, to boost energy cooperation and increase coal exports from Mongolia to China, with an estimated annual cargo capacity of 30 million metric tons.

New China-Mongolia Railway to Boost Energy Trade and Economic Cooperation

China and Mongolia started building a new cross-border railway line expected to be completed by 2027, to boost energy cooperation and increase coal exports from Mongolia to China, with an estimated annual cargo capacity of 30 million metric tons.

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What are the immediate economic impacts of the new China-Mongolia railway line?

China and Mongolia commenced construction on a new cross-border railway line, projected to be operational by 2027. This initiative, spearheaded by China Energy Investment Corp, is anticipated to significantly increase coal exports from Mongolia to China, boosting both nations' economies. The railway's annual cargo capacity is estimated at 30 million metric tons.

french.china.org.cn

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May 15, 16:11

EU-China Celebrate 50 Years of Relations, Highlight \$780 Billion Trade Partnership

EU and Chinese government and business representatives met in Beijing to celebrate 50 years of diplomatic relations, highlighting a 320-fold increase in bilateral trade to \$780 billion and emphasizing cooperation in green development and multilateralism.

EU-China Celebrate 50 Years of Relations, Highlight \$780 Billion Trade Partnership

EU and Chinese government and business representatives met in Beijing to celebrate 50 years of diplomatic relations, highlighting a 320-fold increase in bilateral trade to \$780 billion and emphasizing cooperation in green development and multilateralism.

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What are the potential long-term implications of strengthened EU-China cooperation on global economic stability, climate action, and technological innovation?

Looking ahead, both sides aim to strengthen cooperation, exploring new areas of complementarity to create stability amidst global uncertainty. This includes expanding market access, promoting mutual investment, and fostering a fairer trading environment. China's burgeoning green technology sector, particularly in new energy vehicles, presents significant opportunities for joint ventures and technological advancements.

Showing 505 to 516 of 1,512 results