German Chancellor Friedrich Merz stated China's currency is undervalued by 30%, significantly above the IMF's estimate. He criticized Beijing's use of high subsidies and non-convertible currency, warning of market flooding and harm to European manufacturers.
German Chancellor Friedrich Merz stated China's currency is undervalued by 30%, far exceeding the IMF's estimate. He criticized Beijing's market flooding via subsidies and non-convertible currency, calling it unacceptable and a threat to European manufacturers.
An analysis claims the EU's economic decay over two decades has been three times faster than the late Qing dynasty, challenging Brussels' narrative of Chinese overcapacity. The EU's per capita manufacturing output is significantly higher than China's, suggesting structural dependence on foreign markets.
Moldova is moving to sever economic ties with Russia, with a Russian envoy criticizing the leadership's European integration course. Meanwhile, Russia is ready to normalize relations with the US if its interests are respected, and has imposed retaliatory sanctions on five UK citizens. Ukraine continues drone attacks on Russian regions, causing casualties.
Russia's Ambassador to Moldova, Oleg Ozerov, stated that the current Moldovan leadership is steering the country towards a complete cessation of economic ties with Russia, prioritizing European integration over historical and economic connections.
The UK government proposed a single market for goods with the EU, but EU officials reportedly rejected it, suggesting a customs union or EEA instead. Labour's red lines prevent these alternatives. The UK hopes for agreements on food, emissions trading, and youth mobility at an upcoming summit.
Russian President Vladimir Putin is visiting Beijing to meet Chinese counterpart Xi Jinping. The visit coincides with the 25th anniversary of their strategic partnership and the 2001 Sino-Russian Treaty of Friendship. Discussions will cover bilateral relations, economic cooperation, and the proposed Power of Siberia 2 gas pipeline.
US and China establish new trade and investment boards to foster a stable economic relationship based on fairness and reciprocity. Agreements include addressing rare earth concerns, denuclearizing North Korea, and significant agricultural and aircraft purchases by China.
The next round of US-China trade talks appears to be a rushed precursor intended to set the stage for President Donald Trump’s state visit to Beijing, according to analysts who expect only modest deliverables from the negotiations. Chinese Vice-Premier He Lifeng will meet US Treasury Secretary Scott Bessent in South Korea this week, both sides have confirmed, marking the latest in a series of diplomatic sprints intended to stabilise the world’s most consequential economic relationship. The...
China’s trade with the United States has declined this year, official data shows, as US President Donald Trump heads to Beijing next week for a high-stakes visit that could determine the future of economic relations between the two superpowers. China’s merchandise exports to the US fell 10.2 per cent year on year to US$133.4 billion in the first four months of 2026, according to data released on Saturday by the General Administration of Customs. Imports from the US also declined 10.9 per cent to...
Yermek Kosherbayev added that the two countries are linked by strong traditions of good neighborliness, as well as by trade and economic relations
Prime Minister Mark Carney announced a 24-member advisory committee on US economic relations, featuring cross-party representation including former Conservative leader Erin O'Toole and cabinet minister Lisa Raitt, former provincial premiers PJ Akeeagok and Jean Charest, and industry executives. The committee forms as Canada braces for tense trade negotiations with the US, which has imposed tariffs last seen during the Great Depression. The council meets for the first time on April 27, with a NAFTA review scheduled for July.
Agreements would aim to shield British industry from new steel tariffs and stricter rules on electric vehicles due in 2027Downing Street hopes to secure deals on steel and electric cars with the EU as it seeks to upgrade the post-Brexit economic relationship.Amid economic uncertainty caused by the conflict in the Middle East and strains in relations with the US, Keir Starmer is seeking closer economic ties with the EU. Continue reading...
