The unexpected growth offers some confidence in the Chinese economy and relief to policymakers already pushing revival efforts in the backdrop of weakness in various sectors.
According to a Bloomberg report, Beijing seeks to enlist young social media influencers with at least 300,000 followers to collaborate with Chinese content creators.
The U.S. has agreed to remove some restrictions on tech exports if it does the same with rare earth minerals, which are key inputs in a host of industries, such as energy, technology, and defense products.
Alibaba's back and profitable, with soaring earnings and AI-driven cloud growth. ETFs like KWEB, PGJ, and MCHI offer diversified exposure to its rebound.
Dan Wang, the China director at political risk consultancy Eurasia Group, reportedly said the talks are a positive sign, although they do not indicate a breakthrough in the ongoing trade negotiations.
The sharp drop came after U.S. importers began delaying or canceling shipments coming from China as Donald Trump’s 145% tariffs on Chinese goods came into effect.
Three low-cost ETFs provide different types of exposure to Chinese equities and may be poised for success depending upon how the ongoing trade war develops.
China is viewed as more favorable than the United States by residents of other countries around the world for the first time since survey tracking began in 2020.
Britain was the first country to clinch an agreement with the U.S., resulting in the removal of the tariffs imposed on steel and auto even as the baseline 10% tariff stayed.
Summers said China didn't make any consequential or significant change in its policies and that it was the U.S. that made a retreat from its extreme tariff policy.
This would mean the combined 145% tariffs on Chinese imports will be reduced to 10% by May 14, while the 20% duties related to fentanyl will stay in place.
