Southeast Asian foreign ministers hold a closed-doors retreat in Malaysia on Sunday, as the country hosts its first meeting as chair of the regional bloc ASEAN amid an intensifying civil war in Myanmar and confrontations in the South China Sea.
Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
The last time Trump hit China with tariffs, Beijing devalued the yuan, blunting the impact. This time, Xi Jinping has signaled the country should defend its currency.
China's imports of unwrought aluminium and aluminium products fell 8.6% in December from the same month a year earlier to 300,000 metric tons, customs data showed on Saturday. That compared to 280,000 tons imported in November.
The fate of TikTok seems to be sealed for the moment. The Biden administration firmly announced the social media giant would have to look to the Trump administration for help after tomorrow’s ban likely will see the app go dark.
China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.
China’s population has fallen for the third straight year, pointing to further demographic challenges for the world’s second most populous nation that is now facing both an aging population and an emerging shortage of working age people able to support their elders.
The fall came despite a slight rise in births last year, the first increase since 2016. State efforts to cajole women to have children have met resistance.
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Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus.
As Donald Trump prepares for his second term, China’s dominance of global manufacturing is greater than ever.