U.S. Tariffs Drive Record Trade Deficit, GDP Drop: Analysis
U.S. tariffs spark record trade deficit and first GDP contraction in three years, with implications for Asian economies.
Business
Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
Read More
China, Russia Deepen Economic Cooperation Amid U.S. Tariff Tensions
China and Russia strengthen economic ties during Moscow talks addressing U.S. tariffs, investment agreements, and bilateral trade expansion strategies.
China Expands Domestic Service Training to Meet Growing Demand
China plans vocational training for 1.5 million domestic service workers annually through 2027, aiming to professionalize the $152 billion sector amid growing demand.
China-CEEC Trade & Investment Boom: Opportunities Ahead
Trade between China and Central & Eastern European Countries surges 6.3% in 2024, reaching a record $142.3B. New investments in green tech and upcoming expo signal growing partnership.
PBOC Pledges Strategic Support for China’s Economic Resilience
China’s central bank outlines measures to stabilize economic growth and reduce financing costs amid global challenges, prioritizing innovation and risk management.
Global Unity Key to Upholding Multilateralism Amid Rising Tensions
Zhou Jianjun highlights the vital role of international collaboration in maintaining multilateral systems as Asia’s economic influence expands amid global challenges.
German Businesses Double Down on Chinese Market
German Chamber of Commerce reports sustained business confidence in China, with firms increasing investments to secure long-term market presence.
China’s Foreign Trade Rises 2.4% in Early 2025 Despite Global Shifts
China’s foreign trade grew 2.4% between January-April 2025, driven by high-tech exports and private enterprise activity, as ASEAN remains top partner.
UK-US Tariff Deal Sparks Debate Over Economic Impact
New UK-US tariff deal stirs political debate, with critics warning of risks to domestic industries despite government praise.
UN Urges Progress as China-U.S. Trade Talks Set for Switzerland
UN calls for constructive dialogue as high-level China-U.S. trade talks begin in Switzerland, aiming to ease tensions impacting global markets.
China and Russia Deepen Media Collaboration Amid Strategic Partnerships
China and Russia strengthen media cooperation with new agreements signed under President Xi and Putin’s oversight, boosting bilateral cultural and strategic ties.
China Approves Landmark Private Sector Law to Boost Economic Growth
China enacts its first foundational law to boost the private economy, ensuring fair competition, better financing access, and stronger rights protection for businesses, effective May 20.
China Enacts Historic Private Sector Law to Boost Economic Growth
China’s landmark Private Sector Promotion Law, effective May 20, aims to unlock economic potential with the private sector contributing over 60% of GDP and 80% of urban jobs.
China-ASEAN Trade Pact Upgrade Fuels Regional Growth Prospects
As China and ASEAN finalize CAFTA’s Version 3.0 upgrade, strengthened trade and investment frameworks position the bloc as a key driver of Asia’s economic resilience.
US-China Trade Tensions: Why ‘Godot’ Never Arrives in a Flawed Strategy
Scholar Warwick Powell likens US-China trade tensions to Beckett’s absurdist play, arguing misplaced strategies ignore structural economic realities.
China to Launch First Private Economy Promotion Law in May
China’s first Private Economy Promotion Law takes effect May 20, enhancing fair competition, innovation, and protections for private businesses.
China and Russia Reshape Global Economy Through Collaborative Innovation
China and Russia enhance global economic architecture through joint infrastructure projects, industrial integration, and financial innovation, creating a model for emerging markets.
US Tariffs Strain LA Port Jobs, Consumer Prices Set to Rise
LA Port cargo volumes drop 35% amid US tariffs on Chinese goods, threatening jobs and raising consumer price concerns nationwide.
China Reaffirms Stance Ahead of US-Requested Trade Talks
China announces US-requested trade dialogue in Switzerland, vows to protect interests while engaging in tariff discussions under WTO framework.
China Boosts Trade Ties with Finland Ahead of Diplomatic Milestones
China and Finland strengthen economic cooperation in technology and sustainability, marking 75 years of diplomatic ties and aligning with China-EU partnership milestones.