Trump, Xi Strike Partial Trade Deal; Tariffs Cut, Rare Earth Exports Restored
BUSAN: US President Donald Trump announced on Thursday that he had agreed to reduce tariffs on Chinese goods to 47 percent in exchange for China resuming US soybean imports, maintaining rare earth exports, and taking stronger action against the illegal fentanyl trade. Speaking to reporters aboard Air Force One after his face-to-face meeting with Chinese […]
China, U.S. reach basic consensuses on arrangements to address respective trade concerns
KUALA LUMPUR,(Xinhua); China, U.S. delegations reached basic consensuses on arrangements to address respective trade concerns after two days of talks here. The essence of China-U.S. economic and trade relations is mutual benefit and win-win results, and the two countries gain from cooperation and lose from confrontation, Chinese Vice Premier He Lifeng said after meeting in […]
Pakistan, China Sign MoUs to Boost Cooperation in Livestock, Textile and Emergency Equipment
URUMQI, CHINA; Pakistan and China on Friday signed three Memorandums of Understanding (MoUs) aimed at expanding cooperation in the fields of livestock, textile industry, and advanced emergency equipment. President Asif Ali Zardari witnessed the signing ceremony between Pakistani and Chinese enterprises during his visit to Urumqi. Under the first MoU, Loyang Modern Biotechnologies and the […]
China’s Challenge Fashion to Invest $100 Million in Pakistan Special Economic Zone, Targeting $400 Million Exports
ISLAMABAD; Prime Minister Shehbaz Sharif on Friday performed the groundbreaking of a Special Economic Zone (SEZ) to be developed by Chinese textile giant Challenge Fashion Private Limited, which plans to invest $100 million over the next five years, with projected exports valued at $400 million. The Shanghai-based garments manufacturer, which has operated in Pakistan since […]
Pakistan’s Salt Exports to China Soar by 33 Percent in Early 2025
BEIJING; Pakistan’s salt exports to China surged by 33 percent during the first half of 2025, signaling deepening trade cooperation and rising Chinese demand for Pakistan’s mineral-rich salt, particularly for industrial applications. According to figures released by the General Administration of Customs of the People’s Republic of China (GACC), Pakistan exported industrial salt worth 3.74 […]
US Unveils Massive Global Tariff Regime: Pakistan, India, Canada, Brazil Among Targets
ISLAMABAD (Web-Desk); Washington has unveiled a sweeping set of new tariffs targeting dozens of countries, including Pakistan and India, as part of a broader shift in American trade policy under President Donald Trump. The measures, which take effect within a week, impose duties ranging from 10 to 50 percent on a wide array of imports, […]
Tianjin to host largest-ever SCO summit as China urges unity, development, and regional peace
ISLAMABAD (Web-Desk); Chinese Foreign Minister Wang Yi has announced that the upcoming Shanghai Cooperation Organization (SCO) Summit, scheduled to be held in Tianjin from August 31 to September 1, will be the largest in the history of the organization. More than 20 heads of state and 10 leaders of international organizations are expected to attend, […]
U.S. and China Resume Trade Talks in Stockholm Amid Looming Tariff Deadline
STOCKHOLM; Senior U.S. and Chinese officials resumed high-stakes trade talks in Stockholm on Monday, aiming to extend a temporary truce in their ongoing economic conflict, with just weeks remaining before a critical August 12 deadline. U.S. Treasury Chief Scott Bessent led the American delegation, arriving at Sweden’s Rosenbad government offices, while China’s Vice Premier He […]
China’s BYD to assemble EVs in Pakistan from 2026
By Ariba Shahid (Reuters); Chinese electric vehicle giant BYD plans to roll out its first car assembled in Pakistan by July or August 2026 to capture growing demand for electric and plug-in hybrid vehicles in the region, a company executive said on Wednesday. BYD, the world’s top EV maker, has been expanding rapidly outside its home market, where it […]
Chinese yuan strengthens to 7.1506 against USD Monday
BEIJING (Xinhua); The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 29 pips to 7.1506 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each […]