Chinese President Xi Jinping chaired the sixth meeting of the Central Financial and Economic Affairs Commission on Tuesday, emphasizing the advancement of a unified national market and the promotion of high-quality development in the marine economy. The meeting also addressed the need to regulate unfair low-price competition, improve product quality, and phase out outdated production capacity. Additionally, the commission focused on establishing programs to reduce overcapacity in the automotive industry and maintain an orderly competitive landscape in the e-commerce sector. These measures aim to guide economic planning and foster sustainable growth across key sectors in China.

Typhoon Wutip, the first typhoon of the year in China, came ashore near Dongfang on Hainan Island late on 13 June with sustained winds of about 108 kilometres per hour. The storm disrupted rail and air links, closed coastal attractions and forced officials to halt high-speed trains and suspend flights as it moved north-east toward the mainland.

Authorities evacuated more than 16,000 residents in Hainan and ordered some 40,000 fishermen ashore before the storm arrived. After briefly skirting Hainan’s western coast, Wutip made a second landfall along Guangdong’s Leizhou Peninsula at midday on 14 June, bringing torrential rain that exceeded 500 millimetres in parts of Zhongshan and triggering landslides, waterspouts and widespread power cuts.

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U.S. President Donald Trump announced on June 12, 2025, that he may raise tariffs on imported automobiles in the near future. Currently set at 25%, these tariffs could be increased as part of an effort to boost domestic auto manufacturing and encourage manufacturers to build more plants within the United States. The potential tariff hike targets imports primarily from Europe and China and aims to protect American auto workers.

This move could escalate trade tensions with key international partners. Trump emphasized that higher tariffs would increase the likelihood of domestic production investment. The announcement signals a continuation of his administration's protectionist trade policies in the automotive sector.

The recent trade truce between the United States and China, established during talks in London, has provided temporary relief for Chinese exporters but has not resolved the challenges posed by the high tariffs still in place. Despite the 90-day truce aiming to ease tensions, many Chinese exporters continue to face significant difficulties, with some described as 'slowly dying' due to the ongoing tariff burdens. American importers remain uncertain about how to navigate the persistent tariff environment, which continues to pressure trade relations. The situation has led to cautious business calculations among Chinese firms regarding their future in the U.S. market, reflecting ongoing uncertainty despite the truce.

China's consumer goods trade-in program has generated approximately 1.1 trillion yuan (about 153.1 billion U.S. dollars) in sales during the first five months of 2025, according to the Ministry of Commerce. The program has contributed to strong growth in retail sales across key sectors including automobiles, home appliances, and electronic products, reflecting steady expansion in the country's overall consumption market. Data also shows that consumer subsidies distributed under the program have reached around 175 million instances, with 4.12 million applications for automobile trade-in subsidies alone. Additionally, Shanghai's combined online and offline consumption during the first two days of the Dragon Boat Festival totaled nearly 20 billion yuan (approximately 2.8 billion U.S. dollars), marking a 4.1% increase compared to the previous year, according to the Consumer Market Big Data Laboratory Shanghai.

Jefferies has characterized the financial year 2025 as a year of consolidation for the Adani Group, reporting a 14% year-on-year growth in EBITDA and a five-year compound annual growth rate (CAGR) exceeding 25%. Looking ahead, Jefferies projects the Adani Group's EBITDA to grow at a CAGR of 22% through the financial year ending March 2027. In the automotive sector, May 2025 sales are expected to be sluggish due to pressures on passenger vehicles and medium and heavy commercial vehicles, partially offset by growth in two-wheelers and tractors. Nomura has highlighted potential production risks for electric and internal combustion engine vehicles starting June, linked to China's restrictions on rare earth magnet exports. CLSA forecasts a 7% domestic and 12% export growth in the two-wheeler segment for fiscal year 2026, while Jefferies remains cautious about market share despite a strong fourth quarter driven by average selling price improvements.

During his visit to Henan Province on May 19-20, 2025, President Xi Jinping emphasized the importance of high-quality development and self-reliance in advanced manufacturing as essential components of Chinese modernization. Xi called for strengthening the manufacturing sector and enhancing governance efficiency to drive economic growth. China currently accounts for approximately 29% of global manufacturing value-added, compared to 18% of its GDP. The country is making rapid progress in advanced technologies such as robotics, satellites, artificial intelligence (AI), and semiconductors, with some sectors catching up to or rivaling those of the United States.

This technological advancement is supported by a substantial increase in research and development spending, which reached $500 billion in 2024, tripling since Xi took office in 2012. China's strategic focus on self-sufficiency and innovation underpins its industrial strategy, including the Made in China 2025 program, aiming to establish China as a global technology leader despite international challenges. The nation dominates global production in key industries including steel, aluminum, batteries, electric vehicles, drones, and 5G technology, and is projected to produce 45% of the world’s manufacturing output by 2030.

China has recorded a budget deficit at a historic high over the first four months of 2025, driven by an aggressive fiscal stimulus aimed at supporting the economy amid ongoing tariffs. The government increased spending significantly in response to the economic pressures caused by tariffs, including the 145% tariff on Chinese goods implemented by the U.S. in April 2025. This spending blitz has pushed China's fiscal deficit to unprecedented levels as authorities seek to stabilize economic growth.

China has issued a warning that it will take measures if the United States continues to pursue its own independent course. This statement underscores ongoing tensions between the two countries, reflecting China's readiness to respond to US actions that diverge from mutual cooperation or established agreements. The announcement signals potential policy or economic responses from China should the US maintain its current approach.

The midpoint of former President Donald Trump's 90-day tariff pause on China has highlighted ongoing global trade tensions and uncertainty. Despite the pause, tariffs remain at their highest levels since the Great Depression, with sector-specific tariffs still pending and the possibility of the tariff war resuming. Experts describe the pause as a strategic recalibration rather than a retreat, signaling prolonged tension between the U.S. and China that will reshape global trade dynamics without derailing globalization.

The pause has resulted in only one minor trade deal and eased tariffs on China, leaving markets uncertain about future developments. This environment has accelerated global supply chain diversification, benefiting countries like India, which is expected to become the world's third-largest economy by fiscal year 2031. India is adopting a pragmatic approach in trade talks with the U.S., aiming to protect critical sectors such as agriculture and pharmaceuticals while engaging with the U.S. Additionally, China's response to the trade war includes shifting economic engagement towards Southeast Asia as a strategic buffer. Meanwhile, India-Australia trade relations are emerging as a model for strategic resilience and economic security through diversification. The overall trade dynamics continue to be influenced by Trump's America First policy, which has intensified scrutiny on China's intellectual property practices, export controls, and technology transfers.

China's Ministry of Commerce stated on Thursday that it remains open to resolving economic and trade concerns with the United States through dialogue and direct communication. The ministry, represented by spokesperson He Yongqian, emphasized that both countries will maintain communication on trade issues based on the consensus reached during recent Geneva talks.

As part of this consensus, China and the US agreed to establish a mechanism for ongoing economic and trade consultations, with further information to be released in due course. The Geneva meeting, held from May 10 to 11, resulted in an agreement to significantly reduce bilateral tariffs.

Read more

China's Commerce Ministry stated that it remains open to resolving economic and trade relations with the United States through offline discussions. The ministry announced plans to establish a mechanism for trade talks with the US and indicated that more information on this process will be released in due course. This announcement reflects China's ongoing willingness to engage in dialogue to address trade issues between the two countries.

President Donald Trump has been active in international diplomacy and domestic policy over the past week, securing several significant achievements. He signed a trade deal with the United Kingdom and a historic trade win with China, brokered ceasefires between India and Pakistan, and between the Houthis and other parties, and facilitated direct talks between Ukraine and Russia.

On the domestic front, Trump signed an executive order aimed at reducing prescription drug prices. Additionally, he secured the release of the last living American hostage held by Hamas.

Trump also secured $600 billion in investments from Saudi Arabia. His efforts have led to speculation about his potential to win the Nobel Peace Prize, with betting odds favoring him according to Oddschecker.

Chinese Foreign Minister Wang Yi and Mexican Foreign Minister Juan Ramón de la Fuente met in Beijing during the IV Reunión Ministerial China-CELAC. The talks focused on strengthening bilateral ties, with both sides emphasizing their historical commercial relationship, including references to the Nao de China trade route.

Wang Yi stated that China welcomes more Mexican products into the Chinese market and will encourage Chinese enterprises to invest in Mexico, citing the country's friendly and stable business environment. Both ministers reaffirmed their commitment to multilateralism and cooperation in areas such as trade, science and technology, education, agriculture, tourism, and direct flights.

Read more

Chinese President Xi Jinping's decision to maintain a firm stance against former U.S. President Donald Trump during trade negotiations has resulted in a favorable outcome for China. The deal reached between the two leaders reportedly meets nearly all of Beijing's core demands, effectively forcing a truce in the ongoing trade war. Analysts and reports characterize the outcome as a successful strategic move by Xi, who called Trump's bluff and stood his ground, leading to terms that largely benefit China.

The recently announced trade deal between the United States and China is widely regarded as a major victory for Beijing and a setback for Washington. The U.S. government had positioned itself as defending American workers and standing firm against China, but the outcome suggests that China maintained its strategic approach without yielding. Observers note that the Trump administration significantly reduced tariffs on Chinese goods, a move presented domestically as a historic win, though market analysts view it differently. Overall, the deal is seen as a concession by the U.S. to China, reinforcing Beijing's position in the ongoing trade negotiations.

The recent China-U.S. Economic and Trade Meeting held in Geneva resulted in a joint statement from China's Ministry of Commerce. According to the ministry, the discussions laid the foundations and created favorable conditions for further bridging differences and deepening cooperation between the two countries. The China Commerce Minister emphasized that the trade talks have set the stage for enhanced collaboration and pledged support for trade companies to expand their markets. This development marks a step forward in improving economic relations and trade cooperation between China and the United States.

Former President Donald Trump highlighted that the most important aspect of a recent deal with China is the country's agreement to open up its market. Trump noted that while the agreement to open China is a positive development, the process of formalizing and implementing this opening will take some time to finalize on paper. This statement underscores ongoing efforts to improve economic and trade relations between the United States and China.

U.S. President Donald Trump announced that the recent trade agreement with China does not include tariff removals on key sectors such as cars, steel, aluminum, and pharmaceuticals. Despite describing the deal as a "total reset" in U.S.-China relations, Trump emphasized that tariffs on these industries remain in place and that the agreement is not intended to harm China. The announcement clarifies that the trade pact excludes pharmaceuticals, which had been a point of uncertainty. The tariffs on these sectors continue to affect bilateral trade dynamics between the two countries.

U.S. Treasury Secretary Scott Bessent acknowledged an "unfortunate escalation" in tensions with China. The comments highlight ongoing challenges in U.S.-China relations, particularly in the context of trade and tariffs. Secretary Bessent's statement was brief and did not provide further details on the nature or implications of the escalation. This development comes amid the backdrop of existing trade disputes and tariffs between the two countries.

Chinese President Xi Jinping chaired the sixth meeting of the Central Financial and Economic Affairs Commission on Tuesday, emphasizing the advancement of a unified national market and the promotion of high-quality development in the marine economy. The meeting also addressed the need to regulate unfair low-price competition, improve product quality, and phase out outdated production capacity. Additionally, the commission focused on establishing programs to reduce overcapacity in the automotive industry and maintain an orderly competitive landscape in the e-commerce sector. These measures aim to guide economic planning and foster sustainable growth across key sectors in China.

Typhoon Wutip, the first typhoon of the year in China, came ashore near Dongfang on Hainan Island late on 13 June with sustained winds of about 108 kilometres per hour. The storm disrupted rail and air links, closed coastal attractions and forced officials to halt high-speed trains and suspend flights as it moved north-east toward the mainland.

Authorities evacuated more than 16,000 residents in Hainan and ordered some 40,000 fishermen ashore before the storm arrived. After briefly skirting Hainan’s western coast, Wutip made a second landfall along Guangdong’s Leizhou Peninsula at midday on 14 June, bringing torrential rain that exceeded 500 millimetres in parts of Zhongshan and triggering landslides, waterspouts and widespread power cuts.

Read more

U.S. President Donald Trump announced on June 12, 2025, that he may raise tariffs on imported automobiles in the near future. Currently set at 25%, these tariffs could be increased as part of an effort to boost domestic auto manufacturing and encourage manufacturers to build more plants within the United States. The potential tariff hike targets imports primarily from Europe and China and aims to protect American auto workers.

This move could escalate trade tensions with key international partners. Trump emphasized that higher tariffs would increase the likelihood of domestic production investment. The announcement signals a continuation of his administration's protectionist trade policies in the automotive sector.

The recent trade truce between the United States and China, established during talks in London, has provided temporary relief for Chinese exporters but has not resolved the challenges posed by the high tariffs still in place. Despite the 90-day truce aiming to ease tensions, many Chinese exporters continue to face significant difficulties, with some described as 'slowly dying' due to the ongoing tariff burdens. American importers remain uncertain about how to navigate the persistent tariff environment, which continues to pressure trade relations. The situation has led to cautious business calculations among Chinese firms regarding their future in the U.S. market, reflecting ongoing uncertainty despite the truce.

China's consumer goods trade-in program has generated approximately 1.1 trillion yuan (about 153.1 billion U.S. dollars) in sales during the first five months of 2025, according to the Ministry of Commerce. The program has contributed to strong growth in retail sales across key sectors including automobiles, home appliances, and electronic products, reflecting steady expansion in the country's overall consumption market. Data also shows that consumer subsidies distributed under the program have reached around 175 million instances, with 4.12 million applications for automobile trade-in subsidies alone. Additionally, Shanghai's combined online and offline consumption during the first two days of the Dragon Boat Festival totaled nearly 20 billion yuan (approximately 2.8 billion U.S. dollars), marking a 4.1% increase compared to the previous year, according to the Consumer Market Big Data Laboratory Shanghai.

Jefferies has characterized the financial year 2025 as a year of consolidation for the Adani Group, reporting a 14% year-on-year growth in EBITDA and a five-year compound annual growth rate (CAGR) exceeding 25%. Looking ahead, Jefferies projects the Adani Group's EBITDA to grow at a CAGR of 22% through the financial year ending March 2027. In the automotive sector, May 2025 sales are expected to be sluggish due to pressures on passenger vehicles and medium and heavy commercial vehicles, partially offset by growth in two-wheelers and tractors. Nomura has highlighted potential production risks for electric and internal combustion engine vehicles starting June, linked to China's restrictions on rare earth magnet exports. CLSA forecasts a 7% domestic and 12% export growth in the two-wheeler segment for fiscal year 2026, while Jefferies remains cautious about market share despite a strong fourth quarter driven by average selling price improvements.

During his visit to Henan Province on May 19-20, 2025, President Xi Jinping emphasized the importance of high-quality development and self-reliance in advanced manufacturing as essential components of Chinese modernization. Xi called for strengthening the manufacturing sector and enhancing governance efficiency to drive economic growth. China currently accounts for approximately 29% of global manufacturing value-added, compared to 18% of its GDP. The country is making rapid progress in advanced technologies such as robotics, satellites, artificial intelligence (AI), and semiconductors, with some sectors catching up to or rivaling those of the United States.

This technological advancement is supported by a substantial increase in research and development spending, which reached $500 billion in 2024, tripling since Xi took office in 2012. China's strategic focus on self-sufficiency and innovation underpins its industrial strategy, including the Made in China 2025 program, aiming to establish China as a global technology leader despite international challenges. The nation dominates global production in key industries including steel, aluminum, batteries, electric vehicles, drones, and 5G technology, and is projected to produce 45% of the world’s manufacturing output by 2030.

China has recorded a budget deficit at a historic high over the first four months of 2025, driven by an aggressive fiscal stimulus aimed at supporting the economy amid ongoing tariffs. The government increased spending significantly in response to the economic pressures caused by tariffs, including the 145% tariff on Chinese goods implemented by the U.S. in April 2025. This spending blitz has pushed China's fiscal deficit to unprecedented levels as authorities seek to stabilize economic growth.

China has issued a warning that it will take measures if the United States continues to pursue its own independent course. This statement underscores ongoing tensions between the two countries, reflecting China's readiness to respond to US actions that diverge from mutual cooperation or established agreements. The announcement signals potential policy or economic responses from China should the US maintain its current approach.

The midpoint of former President Donald Trump's 90-day tariff pause on China has highlighted ongoing global trade tensions and uncertainty. Despite the pause, tariffs remain at their highest levels since the Great Depression, with sector-specific tariffs still pending and the possibility of the tariff war resuming. Experts describe the pause as a strategic recalibration rather than a retreat, signaling prolonged tension between the U.S. and China that will reshape global trade dynamics without derailing globalization.

The pause has resulted in only one minor trade deal and eased tariffs on China, leaving markets uncertain about future developments. This environment has accelerated global supply chain diversification, benefiting countries like India, which is expected to become the world's third-largest economy by fiscal year 2031. India is adopting a pragmatic approach in trade talks with the U.S., aiming to protect critical sectors such as agriculture and pharmaceuticals while engaging with the U.S. Additionally, China's response to the trade war includes shifting economic engagement towards Southeast Asia as a strategic buffer. Meanwhile, India-Australia trade relations are emerging as a model for strategic resilience and economic security through diversification. The overall trade dynamics continue to be influenced by Trump's America First policy, which has intensified scrutiny on China's intellectual property practices, export controls, and technology transfers.

China's Ministry of Commerce stated on Thursday that it remains open to resolving economic and trade concerns with the United States through dialogue and direct communication. The ministry, represented by spokesperson He Yongqian, emphasized that both countries will maintain communication on trade issues based on the consensus reached during recent Geneva talks.

As part of this consensus, China and the US agreed to establish a mechanism for ongoing economic and trade consultations, with further information to be released in due course. The Geneva meeting, held from May 10 to 11, resulted in an agreement to significantly reduce bilateral tariffs.

Read more

China's Commerce Ministry stated that it remains open to resolving economic and trade relations with the United States through offline discussions. The ministry announced plans to establish a mechanism for trade talks with the US and indicated that more information on this process will be released in due course. This announcement reflects China's ongoing willingness to engage in dialogue to address trade issues between the two countries.

President Donald Trump has been active in international diplomacy and domestic policy over the past week, securing several significant achievements. He signed a trade deal with the United Kingdom and a historic trade win with China, brokered ceasefires between India and Pakistan, and between the Houthis and other parties, and facilitated direct talks between Ukraine and Russia.

On the domestic front, Trump signed an executive order aimed at reducing prescription drug prices. Additionally, he secured the release of the last living American hostage held by Hamas.

Trump also secured $600 billion in investments from Saudi Arabia. His efforts have led to speculation about his potential to win the Nobel Peace Prize, with betting odds favoring him according to Oddschecker.

Chinese Foreign Minister Wang Yi and Mexican Foreign Minister Juan Ramón de la Fuente met in Beijing during the IV Reunión Ministerial China-CELAC. The talks focused on strengthening bilateral ties, with both sides emphasizing their historical commercial relationship, including references to the Nao de China trade route.

Wang Yi stated that China welcomes more Mexican products into the Chinese market and will encourage Chinese enterprises to invest in Mexico, citing the country's friendly and stable business environment. Both ministers reaffirmed their commitment to multilateralism and cooperation in areas such as trade, science and technology, education, agriculture, tourism, and direct flights.

Read more

Chinese President Xi Jinping's decision to maintain a firm stance against former U.S. President Donald Trump during trade negotiations has resulted in a favorable outcome for China. The deal reached between the two leaders reportedly meets nearly all of Beijing's core demands, effectively forcing a truce in the ongoing trade war. Analysts and reports characterize the outcome as a successful strategic move by Xi, who called Trump's bluff and stood his ground, leading to terms that largely benefit China.

The recently announced trade deal between the United States and China is widely regarded as a major victory for Beijing and a setback for Washington. The U.S. government had positioned itself as defending American workers and standing firm against China, but the outcome suggests that China maintained its strategic approach without yielding. Observers note that the Trump administration significantly reduced tariffs on Chinese goods, a move presented domestically as a historic win, though market analysts view it differently. Overall, the deal is seen as a concession by the U.S. to China, reinforcing Beijing's position in the ongoing trade negotiations.

The recent China-U.S. Economic and Trade Meeting held in Geneva resulted in a joint statement from China's Ministry of Commerce. According to the ministry, the discussions laid the foundations and created favorable conditions for further bridging differences and deepening cooperation between the two countries. The China Commerce Minister emphasized that the trade talks have set the stage for enhanced collaboration and pledged support for trade companies to expand their markets. This development marks a step forward in improving economic relations and trade cooperation between China and the United States.

Former President Donald Trump highlighted that the most important aspect of a recent deal with China is the country's agreement to open up its market. Trump noted that while the agreement to open China is a positive development, the process of formalizing and implementing this opening will take some time to finalize on paper. This statement underscores ongoing efforts to improve economic and trade relations between the United States and China.

U.S. President Donald Trump announced that the recent trade agreement with China does not include tariff removals on key sectors such as cars, steel, aluminum, and pharmaceuticals. Despite describing the deal as a "total reset" in U.S.-China relations, Trump emphasized that tariffs on these industries remain in place and that the agreement is not intended to harm China. The announcement clarifies that the trade pact excludes pharmaceuticals, which had been a point of uncertainty. The tariffs on these sectors continue to affect bilateral trade dynamics between the two countries.

U.S. Treasury Secretary Scott Bessent acknowledged an "unfortunate escalation" in tensions with China. The comments highlight ongoing challenges in U.S.-China relations, particularly in the context of trade and tariffs. Secretary Bessent's statement was brief and did not provide further details on the nature or implications of the escalation. This development comes amid the backdrop of existing trade disputes and tariffs between the two countries.