Tariff War Fallout: Why No One Wins, Says US Expert
Expert Scott Lucas warns that in the US tariff war, Americans pay the price as import costs ripple to consumers, manufacturers and farmers.
Economy
Read More
Chinese Mainland Unveils Loan Subsidies for Consumers & Service Sector
The Chinese mainland’s SCIO outlined new interest subsidy policies for personal consumption loans and service-sector lending to spark spending and support businesses.
UK Unemployment Hits 4-Year High as U.S. Tariffs Weigh In
UK unemployment jumps to 4.7%, a 4-year high, as vacancies drop and U.S. tariffs squeeze key industries.
Economist Slams Trump’s Tariffs: Costs Soar, Jobs Don’t Return
Economist Justin Wolfers warns on MSNBC that Trump’s chaotic tariffs, lacking Congress approval, only hike costs and fail to bring back US manufacturing jobs.
China’s CPI Holds Steady in July as PPI Slides
China’s CPI was unchanged year-on-year in July, while PPI fell due to seasonal trends, offering insights into the Chinese mainland economy.
U.S. Tariffs Surge to Historic Highs: A Dark Day for Global Trade
U.S. hikes tariffs to decades-high levels, sparking fears of a global recession, higher consumer prices, and diplomatic tensions.
Trump’s Tariff Remarks Rattle Markets
Trump’s CNBC interview hinted at new tariffs on the Chinese mainland, India & EU, stirring concerns over inflation, supply chains, and market volatility.
EU Suspends €93B U.S. Tariffs Amid Internal Dissent
The European Commission suspends €93B tariffs on U.S. imports amid internal dissent, sparking debate over Europe’s trade strategy.
Zhejiang’s Economic Surge: 5.8% Growth Outpaces National Levels
Zhejiang surged with a 5.8% GDP growth in H1 2025, reaching 4.5 trillion yuan, as CGTN’s “China Up Close” series highlights its vibrant urban-rural harmony.
Navigating Abundance: Rebalancing Investment in China
A closer look at China’s evolving economy shows that temporary overcapacity is part of a strategic shift, not a crisis.