In order to stimulate its own shipyard industry, the US plans to levy port fees on every ship that has a link to China. This is according to a draft executive order seen by the news agency Reuters on Thursday. The fee would apply to any ship that is part of a fleet that includes […]
China has announced tariffs on Canadian agricultural and food products worth over 2.6 billion dollars. This measure is a response to the tariffs Canada introduced in October 2024 on Chinese-made electric vehicles and steel and aluminum products. Canadian Prime Minister Justin Trudeau said in August that Ottawa was imposing the levies to counter what he […]
In February, consumer price inflation in China fell at the fastest pace since January 2024. According to data released by the National Bureau of Statistics on Sunday, the Consumer Price Index (CPI) fell by 0.7 percent last month compared to the previous year. This reversed the increase in January (0.5 percent). Analysts had expected a […]
Iran has announced joint naval drills with China and Russia. The annual drill will begin today in the port of Chabahar in south-eastern Iran, the Iranian news agency Tasnim reported yesterday. The Chinese government also announced the drill but only referred to the first half of March. Chabahar is located in the Gulf of Oman.The […]
Still looking for that perfect photo for your Year of the Snake greeting cards? All you have to do for this motif is climb up the mountain to Victoria Peak in Hong Kong. The chairs outside a store there are so well-placed that they’re perfect both for resting after the arduous walk and for a […]
US President Donald Trump has signed a memorandum instructing the Committee on Foreign Investment in the United States (CFIUS) to restrict Chinese investment in strategic areas. “China exploiting our capital and ingenuity to fund and modernize their military, intelligence, and security operations, posing direct threats to United States security,” a White House official told Reuters.Under […]
Shein has reported a sharp drop in profits. According to the Financial Times, citing insiders, the company earned one billion dollars in 2024, almost 40 percent less than the previous year. However, full-year revenue increased by 19 percent to 38 billion dollars, the report continued. The figures were based on internal projections.Most recently, the fast […]
After Australia warned of Chinese live-fire naval exercises in international waters between Australia and New Zealand, Wu Qian, spokesman for the Chinese Ministry of Defense, rejected these warnings as “exaggerated” and “completely inconsistent with the facts.”The military drills affected flight safety in the region. After the government company Airservices Australia issued a so-called NOTAM (Notice […]
China plans to further intensify reforms in rural areas and promote their revitalization. This was reported by state media on Sunday, citing a key paper. The “Document No. 1” calls for “enhanced efforts in work related to agriculture, rural areas and farmers.”In view of the economic slowdown, the country seeks to increase productivity in agriculture […]
The Chinese delivery service group Meituan plans to pay social benefits to some of its food delivery drivers. According to the company, this will apply to all “full-time and stable part-time” drivers from April 1.Under the leadership of the Ministry of Human Resources and Social Security, the company has invested around USD 193 million in […]
