The ‘reform and opening up’ started under Deng Xiaoping was about both economic and spiritual liberalisation, but policy regression could derail those efforts.
Despite its role in supporting China’s economic boom, private capital still carries a whiff of notoriety in the country.
The Chinese leader’s message promoting digital trade and common rules comes as the US is walking back its long-standing commitment to free trade.
Two Democratic senators have asked Joe Biden’s administration to drop the trade element from the Indo-Pacific Economic Framework, citing a lack of ‘enforceable labour standards’.
At the Caixin Summit in Beijing, a fresh assessment of bilateral ties between the world’s largest economies comes as high-level talks between them are growing more frequent.
China is Australia’s No 1 trade partner but ties have been strained over issues including the source of Covid-19, human rights and the South China Sea.
Beijing seeks to leverage signature global trading network to boost port services integration, e-commerce collaboration and digital trade, says envoy.
Albanese’s trip comes as China agreed to suspend a festering World Trade Organization dispute sparked by hefty tariffs on Australian wine.
Despite a cornerstone metals deal proving elusive at their Washington meeting, the allies agree Beijing is distorting the global steel market.
Washington pushing Brussels to slap 25 per cent tariff on steel products from non-market economies, shorthand for Beijing.
European parliament’s fisheries panel calls China’s distant-water fleet a threat to ‘viability of the European fisheries sector’.
An investigation by mainland officials into Taiwan’s trade practices could conclude right before a pivotal election – a decision that stands to further fray already strained relations.
Brussels officially opens investigation, saying it has ‘sufficient evidence’ of subsidies for Chinese EVs that could harm ‘vulnerable’ EU sector, while Beijing slams inquiry as ‘naked protectionist behaviour’ and warns it will disrupt global supply chains.
China’s central leadership appears to be sending a strong signal that it is prioritising economic growth, amid increasing concerns over Beijing’s emphasis on external and domestic security.
Amid mounting talk in Europe of ‘de-risking’ from China, coupled with the unstoppable rise of Chinese electric-vehicle makers, German carmakers may be losing their say in the EU’s economic policy.
Warsaw said it would continue previously agreed deliveries, and the prime minister’s claim it was no longer providing weapons to Ukraine referred to modernising the Polish army.
Yulia Svyrydenko, first deputy prime minister, said Ukraine saw such restrictions as a violation of the EU countries’ international obligations. The three countries announced their restrictions on Ukrainian grain imports on Friday.
The European Commission is investigating what some EU players say is a flood of subsidised EVs from China.
Critics of PM Fumio Kishida say ‘Japan will be seen as easy pickings’ if it fails to stand up to Beijing’s ‘economic coercion’. But Tokyo knows its China relations are ‘critical’.
The proposed ban on imports under US$100 in value won’t be easy to implement. But it may have more to do with next year’s elections than protecting small businesses.
‘The economic coercion … the harassment and disinformation … comes right out of China’s playbook’, Rahm Emanuel said after China, Japan’s biggest trade partner, banned all aquatic products.