China is open to trade talks with the US, confident it can withstand potential tariffs. The government has introduced measures to support businesses, while the central bank aims to keep the yuan stable amid trade tensions.
China is open to engaging in active dialogue with the United States to advance bilateral trade, based on mutual respect, Vice Commerce Minister Wang Shouwen said on Friday. He expressed confidence that China could withstand external economic shocks, including potential tariffs from US President-elect Donald Trump.
Wang emphasized China's commitment to maintaining stable and sustainable economic relations with the US and expanding areas of cooperation while managing differences. He also noted that China is prepared to address trade disruptions, as US tariffs threaten to impact Chinese manufacturers and drive factory relocations to Southeast Asia.
In response to the potential trade challenges, Chinese authorities have introduced measures to boost foreign trade, including enhancing financing support for firms and increasing agricultural exports. Regarding the yuan, Liu Ye from China's central bank stated that it would remain stable at a reasonable level, despite the effects of trade turmoil, tariffs, and the pandemic. The central bank will maintain flexibility in the yuan’s exchange rate while guarding against excessive fluctuations.
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Emergency crews were deployed to the northeastern Ukrainian city of Okhtyrka on Monday morning after a residential high-rise was devastated by a Russi...
Nigerian authorities says they've rescued a 100 children after gunmen abducted 303 pupils and 12 teachers from a Catholic school in Papiri on 21 Novem...
Following a high-level meeting of the Communist Party leadership on Monday, state media confirmed that China will seek to insulate its economy from ex...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of December, covering the latest developments you need to ...
Following a high-level meeting of the Communist Party leadership on Monday, state media confirmed that China will seek to insulate its economy from external volatility by turning inward, pledging to "keep expanding domestic demand" through a suite of "more proactive" policies.
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Tens of millions of people in urgent need of help won't be getting much assistance next year. That's according to the United Nations which launched a $23 billion aid appeal on Monday (8 December) which is half of last year's request, acknowledging a plunge in donor funding.
Emergency crews were deployed to the northeastern Ukrainian city of Okhtyrka on Monday morning after a residential high-rise was devastated by a Russian drone barrage, leaving several civilians wounded as the conflict approaches the end of its fourth year.
Nigerian authorities says they've rescued a 100 children after gunmen abducted 303 pupils and 12 teachers from a Catholic school in Papiri on 21 November.
Following a high-level meeting of the Communist Party leadership on Monday, state media confirmed that China will seek to insulate its economy from external volatility by turning inward, pledging to "keep expanding domestic demand" through a suite of "more proactive" policies.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of December, covering the latest developments you need to know.
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