China, Japan and German Foreign Minister
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China trade surplus tops $1 trillion for first time
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The Japanese government is taking uncomfortable steps to prepare its citizens for a possible future war that its military would not be able to avoid.
China’s top leaders are signaling they are on alert for a potential flareup of tensions in global commerce as they draw up economic plans for next year, after amassing a record trade surplus despite the tariff war with the US.
3hon MSN
The rise of the electrostate: By dominating clean energy, China is leading on climate action
China’s massive lead in clean technologies has shifted the climate fight from one of big pledges and international diplomacy toward a technological revolution in cheaper energy, analysts say.
We’re now starting to see a second China shock play out, one that looks different. This time, barred from the U.S. market by tariffs, and unable to sell enough to consumers at home, China is redirecting more of its exports to developing countries. It’s also setting up its own factories in some of these countries.
What does China achieve in using such blunt economic weapons in bilateral spats? It is tempting to dismiss these as acts of petulance or even self-harm. Rarely do countries meekly back down in the face of China’s punishment.
While exports from China to the U.S. have fallen for most of the year, shipments have surged to other places, including Southeast Asia, Latin America, Africa and the European Union.
China's premier says higher tariffs have dealt a “severe blow” to the world economy, even as China's own trade surplus has surged past $1 trillion.
China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to drive exports.