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China threatens Canada with countermeasures over steel import curbs
China threatens Canada with countermeasures over steel import curbs

Global News

time4 days ago

  • Business
  • Global News

China threatens Canada with countermeasures over steel import curbs

See more sharing options Send this page to someone via email Share this item on Twitter Share this item via WhatsApp Share this item on Facebook China's commerce ministry called on Canada to correct the 'wrong practice' of restrictions on steel imports and said in a statement on Friday it would take necessary measures to safeguard the legitimate rights and interests of Chinese firms. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Ottawa this week introduced a tariff rate quota for countries with which it has free trade agreements, excluding the U.S., and imposed additional tariffs on steel imports from all countries containing steel melted and poured in China before the end of July. –Reporting by Beijing Newsroom; editing by Barbara Lewis

China issues guidelines for Shanghai international financial centre
China issues guidelines for Shanghai international financial centre

Zawya

time18-06-2025

  • Business
  • Zawya

China issues guidelines for Shanghai international financial centre

China issued guidelines for the development of the Shanghai international financial centre on Wednesday, the official Xinhua news agency reported. The country will facilitate cross-border trade and investment and push for more international financial organisations to set up in Shanghai, the Central Financial Commission said in the guidelines. China will also improve monitoring and alerting of cross-border capital flows, and take steps to prevent and defuse cross-border financial risks, according to the guidelines. (Reporting by Beijing Newsroom Editing by Tomasz Janowski)

China urges Philippines to stop provocation in South China Sea or face resolute response
China urges Philippines to stop provocation in South China Sea or face resolute response

The Star

time24-05-2025

  • Politics
  • The Star

China urges Philippines to stop provocation in South China Sea or face resolute response

BEIJING/MANILA (Reuters): China's foreign ministry has urged the Philippines to immediately stop "infringement and provocation" in the South China Sea or face China's "resolute response." The remarks came a day after Beijing and Manila traded accusations following a confrontation between two of their vessels in contested waters of the South China Sea. It was legitimate for China to take necessary measures, Chinese foreign ministry spokesperson Mao Ning told a daily press conference on Friday, defending the Chinese coast guard's response to the Philippine ships. The China Coast Guard on Thursday said it took "control measures" against Philippine ships and confirmed a collision occurred between the two sides' vessels. The US ambassador to Manila, MaryKay Carlson, described China's actions as aggressive and, in a post on X on Thursday, said they "recklessly endangered lives and threaten regional stability." When asked about Carlson's comment, Mao told reporters: "We advise the U.S. side not to use the Philippines to stir up trouble in the South China Sea, and not to undermine peace and stability in the region." Coast guard vessels from the Philippines and the U.S. took part for the first time in joint maritime exercises with naval and air force units in the contested South China Sea earlier this week. China has accused the US of sowing discord in the region. China claims almost the entire South China Sea, despite overlapping claims by Brunei, Indonesia, Malaysia, the Philippines and Vietnam. A 2016 ruling of an international arbitral tribunal said Beijing's claims, based on its historic maps, have no basis under international law, a decision China does not recognise. (Reporting by Liz Lee and Beijing Newsroom; Editing by Aidan Lewis) - Reuters

China's Kuaishou rolls out measures to help exporters expand domestic market
China's Kuaishou rolls out measures to help exporters expand domestic market

Zawya

time18-04-2025

  • Business
  • Zawya

China's Kuaishou rolls out measures to help exporters expand domestic market

Kuaishou Technology on Friday announced measures to help exporters in China expand their domestic markets, becoming the latest such firm to do so amid an escalating U.S.-China trade war. Measures include providing internet traffic and subsidies for qualified export products, the company said in a statement. Kuaishou, a major Chinese short video platform, is often seen as a rival to Douyin, TikTok's sister app in China. (Reporting by Beijing Newsroom; Editing by Alison Williams)

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