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

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

Foreign car companies bet on technology to hang onto once-lucrative China auto market
Finance

Foreign car companies bet on technology to hang onto once-lucrative China auto market

Key Points Foreign automakers have seen sales slump by up to two-thirds in the world’s largest car market since the pandemic. U.S., Korean and German brands rushed to announce a new lineup of models at the Beijing auto show, incorporating Chinese technology in a bid to win back buyers. Up to 15 cars are launched […]

Read More
Stocks making the biggest moves after hours: Intel, SAP, Boyd Gaming, MaxLinear and more
Finance

Stocks making the biggest moves after hours: Intel, SAP, Boyd Gaming, MaxLinear and more

Check out the companies making headlines after the bell : Intel — Shares soared 15% after the chipmaker posted first-quarter earnings that beat Wall Street’s expectations. Intel posted adjusted earnings of 29 cents per share on revenue of $13.58 billion, while analysts polled by LSEG had expected it to earn 1 cent per share on […]

Read More
NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’
Finance

NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’

Key Points In a social media video filmed outside Ken Griffin’s residence, New York City Mayor Zohran Mamdani unveiled a new pied-à-terre tax. Citadel denounced the mayor’s move with Chief Operating Officer Gerald Beeson saying in an internal memo that targeting Griffin showed “ignorance and disdain” toward contributors to the city’s economy. “It is shameful […]

Read More