Beijing’s deflation fears deepen as intense competition weighs on producersFinancial Times
Day: July 8, 2025
China producer price deflation deepens as US trade war bites
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s factory gate deflation last month fell at the fastest pace in nearly two years as US President Donald Trump’s trade war and intense competition in the world’s largest manufacturer weighed on producer prices. Producer price inflation fell 3.6 per cent year on year in June, official data from the National Bureau of Statistics showed on Wednesday, greater than a 3.2 per cent drop forecast in a Reuters poll of…
China producer price deflation deepens as trade war bites
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s factory gate price deflation deepened in June as US President Donald Trump’s trade war weighed on the world’s largest manufacturer, worsening a glut in industrial goods. Consumer prices edged higher for the first time since January, official data showed on Wednesday, as Beijing seeks to stimulate domestic consumption to counter oversupply and overcome a prolonged property sector slump. Producer price inflation fell 3.6 per cent year on year in…
In show of unity against Trump, Brazil and India vow to triple trade flows
As US President Donald Trump revved up his tariff threat against Brics, Brazil and India responded with a show of unity as they vowed to triple bilateral trade during Indian Prime Minister Narendra Modi’s state visit to Brasilia on Tuesday. Advertisement Describing the US dollar as the “king”, Trump on Tuesday claimed that Brics was set up to hurt the US and “degenerate” the dollar. He added that Brics nations, including India and Brazil, would “have to pay 10 per cent if they’re in Brics”. “If they want to play…
Hong Kong uniquely placed to help fill global public goods gap left by US
USAID, long one of the foremost tools of US soft power, ended its six decades as an independent agency on July 1, with no details on how it had been reviewed disclosed. Meanwhile, the China-initiated International Organisation for Mediation (IOMed), made a high-profile debut in Hong Kong in May. Advertisement Foreign Minister Wang Yi attended the inauguration and stressed looking for ways to resolve issues “so as to lend our thoughts to countries seeking to resolve problems or disagreements with others”. This sentiment stands in opposition to the White House’s…
Export ban for Taiwan firms a stern warning for separatist forces: Beijing
Beijing has banned the export of dual-use items to eight Taiwan-based aerospace and shipbuilding companies, including suppliers to the Taiwanese military. Advertisement The move was hailed by the mainland’s Taiwan Affairs Office as a “stern warning against repeated provocations by separatist forces” in a statement on Wednesday, after the commerce ministry’s announcement of the move. According to the ministry, the companies, which include defence supplier Aerospace Industrial Development Corporation (AIDC), have been placed on an export control list, citing national security and non-proliferation concerns. 01:49 Taiwan unveils a home-grown ‘kamikaze’…
Top Chinese oncologist and director of Jilin Cancer Hospital, Cheng Ying, dies
A top Chinese oncologist and physician-scientist, Cheng Ying, has died suddenly aged 62, according to multiple sources. Advertisement There has been no official statement about the doctor’s death, and the cause of death is not known. Cheng was director of the Jilin Cancer Hospital and according to their outpatient records, she last appeared at the specialist team clinic she led on the morning of July 2. Subsequently, her appointment schedule was removed from the hospital’s outpatient information sheet, and news about her from the past year has been removed from…
China is building 74% of all current solar and wind projects, report says
Stay informed with free updates Simply sign up to the Renewable energy myFT Digest — delivered directly to your inbox. Almost three-quarters of all solar and wind power projects being built globally are in China, says a new report that highlights the country’s rapid expansion of renewable energy sources. China is building 510 gigawatts of utility-scale solar and wind projects, according to data from the Global Energy Monitor, a non-governmental organisation based in San Francisco. That compares to about 689GW under construction globally, GEM said. A rough rule of thumb…
Trump ‘tariff wall’ takes shape around south-east Asia’s factories
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump’s latest act of trade brinkmanship risks creating a “tariff wall” around the manufacturing hubs of south-east Asia, leading to higher prices and tough choices for US consumers and industry, analysts warn. Ahead of Wednesday’s deadline to cut trade deals with Washington, the US president signalled a fresh round of tariffs on the south-east Asian countries that have become a conduit for Chinese manufacturers looking to escape…
China spins up offshore wind energy as Beijing promotes marine economy
China has ramped up offshore wind energy development, as the form of renewable energy aligns with Beijing’s goals of carbon neutrality, energy security and developing the marine economy to boost economic growth. Advertisement China added more than 4.4 gigawatts (GW) of offshore wind capacity in the first six months of the year, the same amount it added in all of 2024, according to a report by the non-profit Global Energy Monitor (GEM) on Wednesday. The report said the country was expected to add at least 9GW of offshore wind capacity…