Global traders were thrown into further uncertainty on Tuesday after the United States threatened to slap an additional 10-percent tariff on 200 billion U.S. dollars worth of Chinese goods.
China will soon announce a further opening of sectors to foreign investment, the China Securities Journal reported on Tuesday, extending a years-long effort to liberalize capital markets and loosen investment rules in the world’s second-biggest economy.
Chinese commercial banks continued to see a net foreign exchange purchase in May, data from the country's forex regulator showed Tuesday.
China's draft e-commerce law was submitted to the top legislature for a third reading on Tuesday, further regulating online market order and protecting consumers' rights.
Chinese economists and foreign research institutions predict a positive Chinese economy, thanks to the country's stable operation of the supply side, improved domestic demand and supply relationship, and optimized economic structure, despite of the increasing uncertainties of home and abroad economic environment, people.com.cn reported.
As of April, US exports of pork to China at close to $98 million had grown four percent by volume and 14 percent by value, according to the US Meat Export Federation. That growth trend might get reversed, however.
China's central bank continued to inject liquidity into the financial system through open market operations on Tuesday to offset liquidity pressure.
Canadian global automotive supplier Magna International on Monday signed an agreement with Beijing Automotive Group Co., Ltd. (BAIC Group), China's largest new energy vehicle (NEV) maker, to set up two joint ventures to engineer and build NEVs in China, the world's largest NEV market.
Apple has been hit with a 6.6 million U.S. dollar fine following an investigation into claims it misled Australian customers who had purchased faulty products.
Xiaomi has decided to first offer shares in Hong Kong and then issue China Depositary Receipts (CDR) at a "proper time", the company announced on its Sina Weibo official account on Tuesday.