China's Ministry of Commerce introduces 17 measures to integrate AI into consumer goods, retail, and commerce, focusing on smart products, robots, and subsidies to boost consumption growth.
China has rejected an OECD report claiming its firms receive significantly higher government subsidies than international peers, calling the findings "one-sided and arbitrary." The Ministry of Commerce stated the report lacks a unified standard and overlooks China's competitive advantages.
China's Ministry of Commerce announced new regulations on foreign investment, effective July 1st. The rules aim to strengthen services, optimize management, and enhance protection for overseas investors, marking a milestone in the country's foreign investment development.
China's Ministry of Commerce will allow Daicel HPP Malaysia and KOLON INDUSTRIES to inherit anti-dumping duty rates for copolymer POM. The decision follows restructuring and mergers of previous entities.
China will soon impose a 55% import duty on Australian beef as shipments approach an annual quota. The tariff adjustment will take effect three days after the 205,000-tonne quota is surpassed.
The US and China aim to establish a board of trade to manage bilateral trade in non-sensitive goods and discuss tariff reductions. To ensure effectiveness, both nations must agree on a detailed mandate and learn from past economic engagement bodies, identifying specific products for tariff adjustments while excluding sensitive sectors like critical minerals and semiconductors.
China's Ministry of Commerce announced that delegations from China and the US will discuss mutual tariff reductions on products worth at least $30 billion for each side, as agreed in principle during trade council consultations in South Korea.
China and the US will establish trade and investment councils to discuss tariff reductions and non-tariff barriers on agricultural goods. They also agreed on deals for aircraft purchases and engine supplies.
China's Ministry of Commerce announced an agreement with the US on purchasing aeroplanes, jet engines, and components. Both sides also agreed to reduce tariffs on certain goods, including agricultural products, and China will address concerns regarding US beef imports.
Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent will meet for trade talks in Seoul on Wednesday, probably to iron out final details before a presidential summit in Beijing the following day. The discussions would focus on “economic and trade issues of mutual concern”, China’s Ministry of Commerce said on Sunday. The country also confirmed that US President Donald Trump will make a state visit from Wednesday to Friday, the first by a US president in almost nine years. Trump...
Chinese Vice-Premier He Lifeng will travel to South Korea this week for trade talks with US Treasury Secretary Scott Bessent, both sides confirmed on Sunday, in the final round of negotiations before a summit between President Xi Jinping and US President Donald Trump in Beijing. The meeting is scheduled for May 12 and 13 in Seoul and comes days before Trump’s state visit to China on May 14 and 15. China’s Ministry of Commerce said He would lead a delegation to hold economic and trade...
According to the statement, such actions undermine mutual trust, harm bilateral trade and economic cooperation, and negatively impact the stability of global supply chains
China ordered companies to ignore US sanctions against five oil refiners accused of buying Iranian crude, an unprecedented pushback against American financial measures less than two weeks before a presidential summit. The US action “violates international law and the basic norms of international relations”, China’s Ministry of Commerce said on Saturday. The sanctions cover a refinery in Dalian owned by Shanghai-listed Hengli Petrochemical, along with four independent “teapot” refineries –...
Senior Chinese and US officials are testing diplomatic waters ahead of Trump's planned visit to China. China's Commerce Ministry warned the US is threatening 'hard-won stability' in trade relations after the US telecoms agency effectively banned smartphones tested in Chinese laboratories. During a phone call with Secretary of State Marco Rubio, Foreign Minister Wang Yi described Taiwan as 'the biggest risk factor in China-US relations' and urged the US to honor its commitments.
The EU announced its 20th round of sanctions over the Ukraine war, targeting 27 entities from mainland China or Hong Kong for allegedly aiding Russia's military-industrial complex or helping Moscow circumvent Western sanctions. China's Ministry of Commerce warned it would take necessary measures to protect its citizens and companies, saying the consequences of not lifting sanctions would be borne by the EU.
