Day: May 13, 2025

With tariff reductions signalling a de-escalation of trade tensions between China and the United States, investment banks are upgrading their economic growth forecasts for both countries. Advertisement Goldman Sachs raised its forecast for China’s real gross domestic product growth this year to 4.6 per cent, up from 4 per cent. It also upgraded its US economic growth forecast by half a percentage point to 1 per cent and trimmed the odds of a recession in the US in the next 12 months by 10 percentage points to 35 per cent.…

China has completed key technology checks for an experimental satellite in very low Earth orbit (VLEO), marking an initial step towards building a 300-satellite constellation for high-resolution remote sensing and communications, according to local media. Advertisement Chutian-001, which was launched from the Jiuquan Satellite Launch Centre a year ago, showed core capabilities – including satellite system performance, high-resolution smart imaging and space environment monitoring – Hubei Daily reported. The outlet said the tests showed major progress in key areas, such as precise satellite control in very low orbits, real-time target…

Lower tariffs on Chinese goods are likely to keep auto-parts exports relatively attractive for American buyers, prompting mainland-based producers to reassess their plans to build production facilities in the US. Advertisement The US agreed to lower its combined 145 per cent tariffs on most Chinese imports to 30 per cent for 90 days after talks in Geneva on Monday, cooling a stand-off between the world’s two biggest economies since US President Donald Trump rolled out his so-called reciprocal tariffs on the nation’s trading partners. Officials with five vendors said they…

A team of researchers in China has questioned hospitals’ rapid adoption of DeepSeek, warning that it creates clinical safety and privacy risks, raising red flags over the rush to use the artificial intelligence (AI) start-up’s cost-efficient open-source models. Advertisement As of early March, at least 300 hospitals in China have started using DeepSeek’s large language models (LLMs) in clinical diagnostics and medical decision support. The researchers warned that DeepSeek’s tendency to generate “plausible but factually incorrect outputs” could lead to “substantial clinical risk”, despite strong reasoning capabilities, according to a…

Senior Indian officials on Tuesday dismissed US President Donald Trump’s claim that his administration single-handedly brokered a ceasefire between nuclear-armed rivals India and Pakistan, who of late have engaged in armed conflict across their shared border. Advertisement The officials further suggested India had briefed all key partners, including its fellow Quad members, about its military actions against “terror bases” in Pakistan. Beijing has long opposed the Quadrilateral Security Dialogue – an informal strategic forum comprising the US, India, Australia and Japan aimed at upholding a free and open Indo-Pacific –…

For figures involved in all aspects of China’s trade – from exporters to government officials – the past 40 days have been a roller-coaster ride. Advertisement The ups and downs of the country’s tariff war with the United States – the rapid escalation of import duties in April only matched by Monday’s 90-day rollback of most levies – have ended with a temporary ceasefire, but not all regions have emerged unscathed. As businesses lick their wounds and count their losses, one of China’s richest provinces has been hit especially hard…