China’s response to new U.S. tariffs will likely focus more on stimulus, building trade ties

Key Points

China’s reaction to new U.S. tariffs will likely focus on domestic stimulus and strengthening ties with trading partners, according to analysts based in Greater China.
“I think the focus of China’s response in the near term won’t be retaliatory tariffs or such measures,” said Bruce Pang, adjunct associate professor at CUHK Business School.
At the Chinese export hub of Yiwu on Thursday, businesses seemed nonchalant about the impact of the new U.S. tariffs, due to a perception their overseas competitors wouldn’t gain an advantage, said Cameron Johnson, Shanghai-based senior partner at consulting firm Tidalwave Solutions.

Source

Finance

Scott Bessent calls Moody’s a ‘lagging indicator’ after U.S. credit downgrade

May 18, 2025

Treasury Secretary Scott Bessent appears before the House Financial Services Committee on May 7, 2025 in Washington, DC. Pete Marovich | Getty Images Treasury Secretary Scott Bessent said in an interview on NBC News’ “Meet the Press” that Moody’s Ratings were a “lagging indicator” after the group downgraded the U.S.’ credit rating by a notch from the highest […]

Finance

Pilotless planes are taking flight in China. Bank of America says it’s time to buy

May 18, 2025

Source

Finance

Insiders at UnitedHealth are scooping up tarnished shares

May 16, 2025

Key Points UnitedHealth Group saw some of its insiders step in and purchase declining shares this week. Kristen Gil, a director at the firm, bought 3,700 shares worth roughly $1 million on Thursday. Shares of UnitedHealth plunged nearly 11% to $274.35 on Thursday following a report in The Wall Street Journal that the Department of Justice […]