Month: July 2025

Chinese-funded factories in Mexico are “very unlikely” to be excluded from preferential treatment under the United States-Mexico-Canada Agreement (USMCA) despite the free trade deal being up for review next year, a Mexican envoy said on Thursday. Advertisement “There is no indication that there are going to be restrictions targeting Chinese companies,” David Trujillo, deputy commercial counsellor at the Mexican Embassy in China, told the Post on the sidelines of the China International Supply Chain Expo. Tariffs imposed during US President Donald Trump’s first term prompted many Chinese companies to relocate,…

Rail-transport companies from China and the US remain committed to strengthening cooperation – including on projects in third-country markets – even as a trade rivalry between the two largest economies chugs along. Advertisement With the US being a long-time leader in freight rail and urban transit, and China having emerged as a global powerhouse in high-speed rail, the two sides could deepen cooperation in the rail-transport sector, said Everett Wakai, minister counsellor for commercial affairs at the US embassy in Beijing. He spoke during the US-China Rail Transit Industry Roundtable…

Advertisement It, too, was a rare chance for Indian and Pakistani officials to come together – if only in a group setting. The two countries have been engaged in an uneasy truce since a terrorist attack in the Indian-administered resort town of Kashmir killed 26 tourists escalated into several days of heavy cross-border military fire. New Delhi blamed Islamabad-backed militants for the attack, accusations Pakistan denied. While there was no apparent bilateral engagement this week, the foreign ministers of both countries used the SCO platform to state their claims on…

The US consulate in the central Chinese city of Wuhan has suspended all visa interviews, citing “unsafe” indoor temperatures it blamed on building management. Advertisement In a public notice posted on its official social media account on Friday, the consulate said temperatures in its interview waiting area exceeded 33 degrees Celsius (91 degrees Fahrenheit) in the morning. It accused the building management of “routinely delaying the activation of air conditioning” and criticised it for imposing “extra security procedures” that required visa applicants to wait in the sun for extended periods.…

The European Union has sanctioned two small Chinese banks in its latest package of measures designed to hobble Russia’s war machine, despite a warning from Beijing to expect consequences. Advertisement Suifenhe Rural Commercial Bank and Heihe Rural Commercial Bank, two regional lenders from cities close to China’s border with Russia, were blacklisted in the 18th package of sanctions agreed on Friday morning, diplomatic sources confirmed. The development has been weeks in the making, with Slovakia withdrawing a long-standing veto to allow the package to pass. The central European country had…

China has vowed to continue cutting red tape and attracting foreign investment to boost service consumption over the next five years, as Beijing turns to domestic demand for a reliable source of economic growth in an uncertain environment for international trade. Advertisement There is a “shortage of high-quality service on the supply side” even as service consumption grows at a faster rate than that of goods, Minister of Commerce Wang Wentao said at a press conference in Beijing on Friday. To address the shortage, China will “reduce some restrictive measures…