BY CHINA DAILY China, the world’s largest producer of rare earths, saw a 16 percent monthly drop in those exports in May amid an increased focus on domestic resources conservation and high-quality development of commodities, officials and experts said. Rare-earth exports by China fell to 3,640 metric tons in May from 4,329 tons in April, according to the General Administration of Customs. In the first … Continue reading China’s rare-earth exports fall 16% in May
BY CHINA DAILY As Huawei Technologies Co works hard to offset the fallout of the US government’s restrictions, suppliers around the world are reaffirming their support for the Chinese company, partly by leveraging their flexibilities to reconfigure supply chains. German chipmaker Infineon said it is continuing most shipments to Huawei, given that the majority of products it delivers to the Chinese firm are not subject … Continue reading Suppliers around the world to continue shipments to Huawei
BY CHINA DAILY US construction machinery giant Caterpillar Inc believes there are good long-term prospects in the China market and the company plans to launch more products and services for local customers, a global executive said. Ramin Younessi, Caterpillar group president for construction industries, told China Daily that the US-based company is “very committed” to China and has a strong team for the long run … Continue reading Caterpillar: ‘We believe in free trade’
BY SCMP That US blacklist, officially called the Entity List, identifies organisations and individuals believed to be involved, or pose a significant risk of becoming involved, in activities contrary to America’s national security or foreign policy interests. In total, there are now 143 entries under mainland China in the US trade blacklist, based on a review of the existing 281-page document maintained by the Bureau … Continue reading How many Chinese entities are on US trade blacklist?
BY SCMP German companies think China is a far more reliable trading partner than the US or Great Britain, according to a survey by Commerzbank. China was ranked third in an assessment based on political and economic conditions affecting trade, with a score of 30, led by Germany itself way out ahead on 65, and France on 39. The US, in fourth place, was a … Continue reading German firms find US less reliable than China
BY SILVI WRITER and CHINA DAILY China’s e-commerce giant Alibaba Group Holding Ltd is considering raising $20 billion via a second listing in Hong Kong to diversify its funding channels and boost liquidity, according to a Bloomberg report citing sources. The company is working with financial advisers on the planned offering, and is aiming to file a listing application in Hong Kong confidentially as early … Continue reading Alibaba mulls second listing in HK to diversify funding as trade war escalates
BY JOHN GONG, for CGTN US President Trump always views the world through the lenses of winners and losers. This can be easily concluded from the thousands of tweets he has puked out of his living quarters in the White House, what some aides secretly described as “the devil’s workshop.” “You know what, we always win!” is the favorite phrase he has repeated hundreds of … Continue reading Winners and losers of the trade war