China, the world's second-largest economy, grew at 6.8 percent in the first three months of 2018, thanks to strong consumer demand, robust exports and investment in the country's real estate market.
It was the third-straight quarter for 6.8 percent growth year-on-year and fueled in part by a widening trade gap with the U.S.
As The New York Times notes, "The country's quarterly… Read more »
China is about to open the world's longest sea bridge to traffic in the latest demonstration of its infrastructure ambitions.
The 55-kilometre bridge and tunnel project links the two special administrative regions of Hong Kong and Macau with the mainland, slashing travel time and linking up to 60 million people into a metropolis-style economy.
When the first cars begin crossing… Read more »
China's holdings of Treasuries rose by the most in six months, underscoring the attractiveness of U.S. assets even amid trade tensions between the world's two largest economies.
China's ownership of U.S. bonds, bills and notes increased by $8.5 billion to $1.18 trillion in February, according to data released by the U.S. Treasury department on Monday. China remained the largest… Read more »
For decades, China was the world's largest importer of waste — a status that many countries took for granted, going by the reaction to Beijing's surprise decision to stop taking in 24 types of scraps starting 2018.
More than three months into the ban, waste exporters are still scrambling for an alternative to China, experts told CNBC.
Different ideas have been thrown out:… Read more »
While trade relations between the U.S. and China have descended into a relay of tariffs and counter-tariffs, developments to reform trade on the African continent are telling a very different story.
"If you start looking much more inwards, and focus within your little population of 40 or 50 million, you lose sight of the big picture," Adan Mohamed, Kenyan minister of industry, trade… Read more »
Chinese President Xi Jinping has sent a clear message of Beijing's disapproval over growing ties between the United States and Taiwan by ordering live-fire drills in the Taiwan Strait.
The drills, to be held this coming Wednesday, will mark the first time the Chinese Navy has held drills with live ammunition in the strait since September 2015, in the lead-up to the self-ruled island's… Read more »
China's ambitious plan to recreate the old Silk Road trading routes across Eurasia and Africa is facing a serious financing challenge, according to the country's senior bankers and government researchers.
Speaking on Thursday at a forum in Guangzhou, capital of southern China's Guangdong province, Li Ruogu, the former president of Export-Import Bank of China, said that most of the… Read more »
BEIJING (Reuters) - President Xi Jinping's signature foreign policy plan to build a new “Silk Road” of infrastructure and trade links between China and Eurasia is not a “Chinese plot”, Xi said on Wednesday, according to state media.
Xi's Belt and Road Initiative, unveiled in 2013, aims to bolster a sprawling network of land and sea links with Southeast Asia,… Read more »
Chinese President Xi Jinping on Tuesday said his government would "significantly lower" tariffs on vehicle imports this year as part of efforts to further open its giant economy to the world.
The pledge addresses one of the gripes of US President Donald Trump, who has threatened to impose new tariffs on $150 billion of Chinese goods in a trade dispute between the world's two largest… Read more »
If the Trump administration wins some concessions from China in the latest trade dispute, it could be a boost to U.S.-based multinationals.
"The upside could be big because business as usual wasn't getting the job done in opening up the market in China," said Daniel Rosen, founder and China director of research and consulting firm Rhodium Group.
Last week, the Trump administration… Read more »
