China’s ‘mind-blowingly’ cheap shopping app Temu hits roadblocks in south-east Asia | E-commerce
CTemu, the Chinese online marketplace that has experienced explosive international growth on the back of an eye-catching and often outrageously cheap range of products, has Price-cutting strategies increasingly face obstacles. Indonesia ordered Temu removed from its app stores in October, claiming the move was to protect the country's small sellers. Last week, the Vietnamese government […]
China’s Xi vows to work with Trump during meeting with Biden
Chinese President Xi Jinping asked President Biden on Saturday to work with the incoming administration of President-elect Trump as the two current leaders met on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum in Lima, Peru. He said he would go. The meeting between Biden and Xi is the first in seven months and […]
Biden issues warning over China’s trade policies during private meeting with Xi at Peru summit
President Joe Biden told Chinese President Xi Jinping in a closed-door meeting on Saturday that the Republic of China's unfair pressure on trade policy. The outgoing Biden, 81, emphasized how federal authorities will take necessary steps to prevent the use of advanced technology that undermines the national security of the United States or its allies. […]
In a meeting with Biden, China’s Xi cautions US to ‘make the wise choice’ to keep relations stable
Chinese leader Xi Jinping last met with President Biden on Saturday, but is already looking ahead to President-elect Donald Trump and his “America First” policy, saying Beijing is “ready to cooperate with the new U.S. administration.” “There is,” he said. Speaking on the sidelines of the annual Asia-Pacific Economic Cooperation Conference in Peru, President Xi […]
Trump looms large as Biden set to meet China’s Xi during Latin America summits
President Biden is in Latin America on a farewell trip to attend the Asia-Pacific Economic Cooperation (APEC) summit in Peru and the G20 summit in Brazil. Ariel Gonzalez Levazzi, a senior fellow at the Center for Strategic and International Studies, told Fox News Digital that the Biden administration can do little about the future challenges […]
Biden to meet with China’s Xi at Peru summit — ahead of Trump tariffs and COVID reparations push
WASHINGTON — Outgoing President Biden will be speaking on the sidelines of the APEC summit in Peru this week as President-elect Donald Trump threatens to impose new tariffs on Chinese goods and force Asian countries to pay “reparations.” He is scheduled to have a final meeting with Chinese President Xi Jinping. In preparation for the […]
Oil Tumbles, ‘Singles Day’ Shopping Slumps After China’s Disappointing Stimulus Plan
Global oil prices fell about 2% on Monday after falling similarly on Friday due to investors' disappointment with the Chinese government's weak economic stimulus package. In another bad sign for China's economy, the Singles' Day online shopping holiday was disappointing, posting the lowest sales since the event began in 2009. Phil Flynn, Senior Analyst, Price […]
Trump Win Crashes China’s Markets, Exports Soar as Factories Scramble to Beat Tariffs
Chinese markets fell on Friday amid disappointment with Beijing's disappointing economic stimulus package and worries that President-elect Donald Trump will reinstate high tariffs on Chinese exports. Factories in China are reportedly ramping up production to get goods into the supply chain ahead of President Trump's inauguration. Chinese investors are Looking forward to it Trump's victory […]
Republicans inch closer to ending China’s favored trade status
Fresh off a red light Tuesday, House Republicans began renewing their idea of ending China's preferential trade status. They have begun to promote the idea of ending China's Permanent Normal Trade Relations (PNTR). The idea, once considered hopeless, is now a reality, as Republicans control the White House and the Senate, and are on track […]
Australian Dollar retraces recent losses as China’s Trade Surplus widens in October – FXStreet
The Australian dollar strengthens as China's trade surplus widens in October due to better-than-expected exports. Australia's trade surplus in September fell to 4.609 billion, compared to the expected 5.3 billion. The US Federal Reserve is widely expected to cut its benchmark interest rate by 25 basis points on Thursday. The Australian dollar (AUD) rose following […]