Hong Kong stocks fell to a nearly three-month low on Wednesday, reports the South China Morning Post. This comes as surging oil prices fuelled bets that rising energy costs would stoke inflation and cripple global growth. The Hang Seng Index closed 2% lower at 25,249.48, the lowest since December 16. The Hang Seng Tech Index lost […]
Category: Economics & Trade
The escalating conflict in Iran has disrupted Chinese car shipments to the Middle East, reports Caixin. The situation is paralyzing Chinese business operations in Iran and threatening the viability of the United Arab Emirates (UAE) as a crucial transshipment hub. A source at a Chinese state-owned automaker told Caixin that his company’s business in Iran has […]
China sharply reduced tariffs on Canadian canola over the weekend, reports Caixin. The moves marks a major de-escalation in bilateral trade tensions following Canadian Prime Minister Mark Carney’s recent visit. China’s Ministry of Commerce confirmed Saturday that it would impose a 5.9% anti-dumping duty on Canadian canola, effective March 1 and lasting five years. The rate […]
The US International Trade Commission said on Thursday it would investigate the economic impact of revoking China’s permanent normal trade status over a six-year period, reports Reuters. The move would likely increase tariffs on Chinese imports. The USITC, which studies trade and competitiveness matters and rules on anti-dumping and anti-subsidy trade cases, said its report would focus on […]
China’s wind turbine exports reached a record high in 2025, increasing about 50% from a year earlier to roughly 8 million kilowatts, reports Caixin. This comes as manufacturers accelerated a strategic shift toward building production bases overseas. The export estimate was based on data released in late January by Qin Haiyan, secretary general of the Wind […]