Stay informed with free updates Simply sign up to the Chinese trade myFT Digest — delivered directly to your inbox. China’s exports grew sharply in April despite Donald Trump’s “liberation” day tariffs on shipments to the US, strengthening Beijing’s hand ahead of crucial trade negotiations due to start this weekend. The strong performance came as Chinese companies diverted trade flows to south-east Asia, Europe and other destinations following the imposition of prohibitively high tit-for-tat tariffs between the world’s two largest economies. Exports rose 8.1 per cent in dollar terms compared…
Day: May 8, 2025
China exports jump 8% in April despite tariffs
Stay informed with free updates Simply sign up to the Chinese trade myFT Digest — delivered directly to your inbox. China’s exports growth showed resilience in April, defying expectations that the effects of a trade war with the US would start to bite. Exports grew 8.1 per cent in dollar terms compared with a year earlier, according to statistics from China’s customs administration released on Friday. That was far ahead of expectations from analysts polled by Reuters of 1.9 per cent growth, which would have been the slowest growth in…
Chinese exports show strong resilience in April despite US tariff war
China’s exports rose in April, signalling resilience in the face of US “reciprocal” tariffs unveiled last month. Advertisement China’s April exports grew by 8.1 per cent year on year to US$315.69 billion, customs data showed on Friday. The figure beat market expectations of a 1.9 per cent increase in a poll of economists by Reuters, and followed a 12.4 per cent rise in March. Exports to the United States fell by 21 per cent, compared with a 9.09 per cent rise in March. Imports, meanwhile, fell by 0.2 per cent…
Asian investors fear more volatility after ‘extraordinary’ currencies moves
Asian investors have been rushing to shield themselves from big swings in the US dollar, putting upward pressure on their local currencies and forcing Hong Kong authorities to intervene in the market. Taiwan’s dollar has surged almost 6 per cent against the greenback this month, posting the biggest single-day moves since the 1980s, while Hong Kong’s monetary authority spent the largest weekly amount since 2020 to stop the city state’s currency strengthening beyond a US dollar peg. “It is not even once in a decade — it has been a…
Addiction to China’s tungsten is over even if Beijing turns tap back on, miner says
Producers of tungsten products in developed nations, including those in the defence sector, are waking up to the need to diversify their raw material supply sources after three decades of readily available exports from China came to a sudden halt, according to a mines developer. Advertisement On February 4, Beijing added five critical industrial metals including tungsten to its export restriction list while announcing tariffs on certain American imports, as part of its retaliation against Washington’s decision to raise duties on all Chinese imports by 10 per cent. Export permits…
India clinches strategic trade deal with UK
This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. War rhetoric continues to be the dominant narrative of the day, after India launched air strikes against Pakistan on Wednesday over last month’s deadly militant attack in Pahalgam. Pakistan’s Prime Minister Shehbaz Sharif promised to “avenge every drop of blood” and authorised his country’s armed forces to take measures at “a time, place and manner of its choosing”.…
Why some Chinese academics say it’s time to rethink WWII history – starting with 1939
Chinese academics are calling for the “Western-centric” version of World War II to be rewritten by pushing back the start date nearly a decade and placing Chinese forces firmly on the front line against fascism. Advertisement Instead of Germany’s 1939 invasion of Poland marking the beginning of the global conflict, some academics at a second world war history seminar in Beijing on Tuesday said it should be Japan’s 1931 invasion of Manchuria, which escalated into a full-scale war in China in 1937. “This historical perspective that marks 1939 as World…
China and Russia accuse US of raising risk of nuclear war and vow to respond to threats jointly
China and Russia accused the United States on Thursday of increasing the risk of a nuclear war and vowed to jointly address threats, highlighting the escalation of Beijing and Moscow’s strategic confrontation with Washington. Advertisement After a meeting Russian President Vladimir Putin held with Chinese President Xi Jinping in Moscow, the two nations issued a joint statement on global strategic stability. In it, they condemned several US policies, including the expansion of its security alliances, the forward deployment of strategic weapons, the development of global missile defences like the “Golden…
India says it targeted Pakistan’s radar in clash amid speculation system was made in China
India on Thursday claimed it destroyed an air-defence system in Pakistan’s second-largest city, fuelling speculation that the military equipment was Chinese-made, a day after Islamabad said it deployed fighter jets made by China in an encounter with India’s air force. Advertisement A press release issued by the Indian government accused Pakistan of attempting to “engage a number of military targets in northern and western India” using drones and missiles. “These were neutralised by the Integrated Counter UAS Grid and Air Defence systems” and the ensuing debris was being recovered to…
China welcomes back physics star Lin Shaozhen – and out comes the online abuse
Lin Shaozhen has risen in the field of biomechanics to carve out an impressive international career. Now, after spending the past five years at Aix-Marseille University in France, and more recently at the University of Singapore, Lin has returned to work in China. Advertisement In February, Lin, who is in his thirties, took a full-time position as a professor and doctoral supervisor at Sun Yat-sen University in Guangzhou in the southern province of Guangdong, according to the university’s website. In the past week or so, though, Lin has also been…