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China’s export-driven economy was for decades the workshop of the world. In 2001, when China joined the World Trade Organisation (WTO), it accounted for 4 per cent of the world’s exports, and by 2017, that had risen to 13 per cent. The trade war with the United States damaged China’s exports as tariffs made its goods more expensive for American buyers. The coronavirus outbreak subsequently damaged overseas demand for Chinese products, leading many analysts to predict a huge slump in exports over the second quarter of the year. Imports have become an increasingly closely watched gauge of China’s economic health, as it transitioned away from an export-driven growth model towards a more consumption-based model.
Beijing accuses Brussels of protectionism over its threatened tariffs against imports of competitively priced quality cars, putting relations on an even rockier road.
Pragmatism is at play in each relationship between the West and China, not least with Berlin and Beijing. For German Chancellor Olaf Scholz, that means continued engagement and commerce.
Services sector and overseas demand for exports may have buoyed first-quarter GDP, but daunting challenges remain for country on path to recovery.
- Chinese leader to embark on first European tour in five years, but the pandemic, Ukraine war and change in China policy have sent ties into spiral
- France wants Chinese investment in its electric vehicle sector while championing Brussels’ tougher trade measures against Beijing
After Beijing’s recent lifting of crippling wine tariffs that had been in effect since early in the pandemic, Chinese customers will need to be convinced to buy new stocks of Australian wine.
Trade talks between Taiwan and the United States for a phase-two deal have begun, with progress likely to be ‘harder’, analysts say, as more contentious topics fall under the microscope.
The stricter rules are not surprising since Australia has to protect critical assets, but collaboration with Beijing especially in sectors such as green energy would be unavoidable.
Struggling US-China ties, a human rights shock and a student in big trouble: these are the highlights from the SCMP’s overseas correspondents from April 2024.
Scientists have successfully grown rice in the harsh deserts of China’s Xinjiang region in half the time compared to conventional farming methods, a major step in the country’s campaign to ensure food security.
Diana Mondino’s delegation was the first official visit to China since the country’s Western-leaning government took office last year.
The use of Uygurs for forced labour is impossible to properly document because of Beijing’s intentional moves, Biden administration official tells the Congressional-Executive Commission on China.
With new tariffs being imposed by Mexico on most Chinese imports, observers and analysts disagree on whether stricter measures are being considered – but most say pressure from the US is at play.
QatarEnergy will pay China State Shipbuilding Corporation billions of US dollars for 18 tankers in a deal hailed as the industry’s biggest shipbuilding contract ever.
Almost 10 years after the ‘Made in China 2025’ targets were drawn up, we investigate just how many have been achieved.
Dispute erupts over Peru port authority ‘error’ that gave Cosco Shipping exclusivity over operations.
Chinese researchers detail how technology has transformed the region’s textile industry and led to record surge in exports.
Bolivian Foreign Minister Celinda Sosa Lunda visits Beijing after trip to Russia, says La Paz is eager to cooperate with Beijing.
Diana Mondino’s trip has triggered speculation that she is looking to extend a currency swap with Beijing as the risk of a 10th sovereign debt default looms.
China’s yuan has lost more value against the US dollar as interest rate cuts have yet to materialise, leading exporters to find whatever alternative assets they can until exchange differentials subside.
Team led by a group of Chinese researchers cloned a specific gene that is resistant to Asian soybean rust amid Beijing’s focus on food security and tech self-reliance.
China-US ties are more stable but still at risk if ‘red lines’ are crossed, China’s Foreign Minister Wang Yi said before US Secretary of State Antony Blinken met Chinese President Xi Jinping on Friday.
Purpose is to enlist China’s help in ending the companies’ activities that allegedly violate sanctions on supplying products with military applications to Moscow.
A new type of rapeseed engineered in China can improve upon yields by 50 per cent, increasing the domestic harvest of edible oil and lessening the country’s reliance on imports.
But American treasury secretary says the policy option is something Washington ‘would be prepared to use if necessary’.
Intellectual property protection infringements along with technology transfer, counterfeiting and other concerns cited.
Chinese Foreign Minister Wang Yi tells counterpart Peter Szijjarto in Beijing that Hungary is a ‘European country of unique influence’.
The plan would next be submitted to the relevant ministries in each of the 21 member economies of Apec before appearing on the agenda of the Apec Leaders’ summit in Lima in the week of November 10.
Taiwan’s exports to the US in the first quarter beat shipments sent to mainland China, with analysts pointing to a ‘strategic plan’ by Washington to construct and lead a world supply chain and market order.
Former government adviser says Chinese officials must ‘have the foresight to make good predictions’ amid China’s new quality productive forces strategy shift.
Chinese-produced durian is set to be available to the public in July, with production from the tropical island of Hainan likely to reach 200 tonnes this year, although Thailand and Vietnam are set to remain the largest sources.
