China

China Sales to US Slump Even as Exports Beat Forecasts

China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. Trade between the world's two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that began as ...

Xi and Putin Present United Front Against West on Victory Day Eve

China's Xi Jinping was in Moscow on Thursday for a state visit ahead of the Kremlin's grand Victory Day celebrations, as Ukraine accused Russia's army of launching air strikes just hours into a supposed truce. More than 20 foreign leaders are in Russia to attend a vast military parade on Friday marking 80 years since the defeat of Nazi Germany in ...

China says to Welcome EU Chiefs Costa, Von der Leyen for Visits

China said Tuesday it would welcome EU chiefs Antonio Costa and Ursula von der Leyen for visits as part of events marking 50 years of ties between Beijing and the bloc. "China welcomes European Council President Costa and European Commission President von der Leyen to come to China for a new round of China-EU meetings," foreign ministry spokesman ...

Xi Jinping in Russia from May 7 to 10: A Significant Visit to Strengthen the Sino-Russian Alliance

Russia announced on Sunday the visit of Chinese President Xi Jinping from May 7 to 10 for the commemoration of the 80th anniversary of the victory against Nazi Germany alongside his counterpart Vladimir Putin, with Moscow proposing a brief ceasefire in the Ukraine conflict on this occasion. This visit, which highlights the alliance between Russia ...

Trade War: China Navigates the Storm with a Steady Compass

Since Washington decided to strike hard with 145% tariffs, trade relations between China and the US have shifted from a negotiation table to a boxing ring. The blow is heavy: in 2024, the US alone accounted for nearly $500 billion in Chinese imports, making it Beijing’s largest commercial partner. In real terms, nearly one in five Chinese ...

TikTok Fined 530 Mn Euros in EU Over China Data Transfer

TikTok was hit with a massive EU fine of 530 million euros ($600 million) Friday, accused of sending personal data of Europeans to China and failing to guarantee it was shielded from access by Chinese authorities. The Chinese-owned social media giant, which is also in the crosshairs of the United States, acknowledged during a probe that it has ...

Xi Says China Must 'Overcome' AI Chip Challenges.

President Xi Jinping said China must "overcome" the challenges of developing core AI technologies including high-end chips, state media reported Saturday, as Beijing seeks to become a world leader in the rapidly developing industry. China aims to dominate the artificial intelligence sector, a goal complicated by the trade standoff with Washington ...

China's BYD posts strong quarterly profit on EV sales surge

Chinese electric vehicle giant BYD reported strong first-quarter profits on Friday, propelled by surging sales as US rival Tesla struggles to maintain pace. China's EV market is the largest in the world, and BYD has emerged in recent years as the clear leader of the highly competitive sector, outperforming Tesla in annual revenue last year. The ...

China's BYD Reports Strong Q1 Profit Amid EV Sales Boom

Chinese electric vehicle giant BYD reported strong first-quarter profits on Friday, propelled by surging sales as US rival Tesla struggles to maintain pace. China's EV market is the largest in the world, and BYD has emerged in recent years as the clear leader of the highly competitive sector, outperforming Tesla in annual revenue last year. The ...

Trump’s Four-Wheel Boomerang: Clearing the Road for China

Trump, determined to “bring the auto industry back home,” recently imposed a 25% tariff on steel, aluminum, and crucially, the entire automotive sector. His goal was straightforward: to reshore production and safeguard American industry. However, in trying to curb imports, Trump has inadvertently given China’s EV sector a significant push. ...

Three Chinese Astronauts Blast Off to Tiangong Space Station for Six-Month Mission

A Chinese rocket carrying three astronauts to the country's space station blasted off from its remote launch site Thursday, the latest milestone in Beijing's race to become a leading celestial power. Beijing has pumped billions of dollars into its space program in recent years in an effort to achieve what President Xi Jinping describes as ...