China Boosts Tourism with Nationwide Instant Tax Refunds for International Visitors
China rolls out instant VAT refunds nationwide for international tourists, streamlining shopping incentives to boost inbound travel and consumer spending.
Business
Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
Read More
US Revives Sanctions on Venezuelan Oil, Stirring Global Market Concerns
US reinstates sanctions on Venezuela’s oil sector, prompting global economic concerns and market recalibrations across Asia and beyond.
Experts Warn: Tariff Wars Risk Economic ‘Self-Sabotage’ for Nations
Senior researcher Tian Huifang likens tariff wars to ‘drinking poison,’ highlighting long-term economic risks for Asian markets and global trade.
US Farmers Urge Trump: End China Trade War to Save Livelihoods
US soybean farmer Caleb Ragland warns of economic devastation for American agriculture if Trump’s China trade war continues, as Brazil gains market share.
China Calls U.S. Tariff Exemptions ‘Tiny Step’ Amid Trade Tensions
China urges the U.S. to fully remove tariffs, dismissing recent exemptions on electronics as insufficient in easing trade tensions.
Hainan Expo 2025 Showcases China’s Open Markets Amid Global Trade Shifts
China’s Hainan Expo 2025 highlights global trade resilience with 4,100+ brands and 71 participating countries/regions, emphasizing tech innovation and cross-border collaboration.
Hainan FTP Launches Independent Customs to Boost Regional Trade
Hainan Free Trade Port launches independent customs operations, enhancing regional trade efficiency and economic openness. Analysis highlights impacts on Asian supply chains and investment flows.
Xi Jinping Emphasizes China’s Economic Resilience in Global Arena
Chinese President Xi Jinping reaffirms China’s economic resilience and commitment to global collaboration amid evolving challenges, drawing international attention.
Chinese Exporters Shift Focus to Domestic Market Amid Global Trade Shifts
Chinese exporters pivot to domestic markets amid U.S. tariffs, with trade associations and JD.com driving $27.3 billion initiative to tap local demand.
Foreign Investors Flock to China as Confidence Hits Record High
China attracts record 866 foreign institutional investors through 2024 as global financial giants expand operations, signaling strong confidence in market reforms and growth potential.
Why Apple’s iPhones Stay in China Despite Trump’s Trade War
Despite high U.S. tariffs, Apple faces steep challenges relocating iPhone production from China due to supply chain complexities and cost barriers.
US Drops Tariffs on Smartphones, Computers in Policy Shift
The US exempts smartphones and computers from “reciprocal tariffs,” offering refunds and easing market concerns amid Republican criticism.
Hainan’s Zero-Tariff Boom Transforms Island into Global Retail Hub
Hainan’s zero-tariff policies save firms 2.89B yuan, positioning the island as a global retail and trade hub reshaping Asian commerce.
US Tariff Strategy Sparks Fears of Economic Isolation, Experts Warn
Experts warn Trump-era tariffs may isolate the U.S. economically as global trade alliances shift, risking long-term influence in key markets like Asia.
China-ASEAN Agri-Ties Flourish with $34.7B Trade in 2024
ASEAN remains China’s second-largest agricultural import source in 2024, with $34.73 billion bilateral trade signaling deepening regional economic cooperation.
Surging US Bond Yields Shake Global Markets Amid Trade Tensions
US treasury bond yields surge amid trade tensions, challenging perceptions of safety and shaking global markets. Analysis for investors and policymakers.
China Boosts Domestic Market Access for Exporters Amid Global Shifts
China’s trade associations and retailers collaborate to help exporters pivot to domestic sales as global trade dynamics shift and domestic demand grows.
China Retail Giants Rally to Counter US Tariffs, Boost Domestic Sales
China coordinates retail and e-commerce firms to help exporters pivot to domestic markets amid US tariff pressures, enhancing supply chain resilience.
U.S. Customs Fixes Tariff Glitch Impacting Asian Shipments
U.S. Customs resolves technical error that delayed updated tariffs on shipments from China and regions under a 90-day tariff pause.
China and Vietnam Celebrate 75 Years of Expanding Partnership
As China and Vietnam approach 75 years of diplomatic ties, bilateral cooperation blooms in trade, culture, and infrastructure, bolstering regional stability.