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China will step up market diversification and reduce reliance on the United States market, as Washington's volatile tariff policy has become a major source of global economic uncertainty, officials and exporters said on Monday.
China urged the United States on Monday to abandon its misguided approach of maximum pressure and instead resolve issues through dialogue based on equality, mutual respect and reciprocity.
ASEAN remained as China's largest trading partner, with total trade reaching 1.71 trillion yuan ($234.17 billion), marking a 7.1 percent year-on-year increase and accounting for 16.6 percent of China's overall foreign trade, said Lü Daliang.
China's broad money supply (M2) rose 7% year-on-year to 326.06 trillion yuan (about $44.71 trillion) by the end of March, the central bank said Sunday.
China's foreign trade recorded steady performances in the first quarter of 2025, with total goods trade volume growing by 1.3 percent year-on-year to 10.3 trillion yuan ($1.41 trillion), data from the General Administration of Customs showed on Monday.
China has called on the United States to decisively correct its mistake and fully abandon the erroneous approach of imposing "reciprocal tariffs", the Ministry of Commerce said on Sunday.
China's super-large consumption market still holds enormous potential and serves as an important engine to drive economic growth, despite the increasing complexity and uncertainty of the external environment.
The economic and trade ties between China and Vietnam are expected to rise to a new level, driven by the two countries' highly complementary trade structures, Vietnam's modernization drive and the growing influence of the Regional Comprehensive Economic Partnership.
The exemptions will apply to the U.S. government's steep "reciprocal tariffs" imposed on dozens of countries.
The U.S. administration's decision to exempt key electronics from steep tariffs reflects a sobering reality: the United States' electronics industry is no longer equipped to meet domestic demand independently.
China's leading retail giants are taking proactive measures to help struggling foreign trade enterprises shift to the domestic market. Responding quickly to government calls, these retail leaders, including JD.com and FreshHippo have launched initiatives to ease the transition for exporters facing declining overseas demand.
China has responded to United States' "reciprocal tariffs" by raising its additional tariffs on U.S. goods from 84 percent to 125 percent, effective Saturday
China's financial sector should establish a full-spectrum service system that interconnects equity investment, loans, bonds and insurance, to provide a solid underpinning for the development of the artificial intelligence industry, experts said.
China said it would not accept "maximum pressure" from the United States and will stick to the end if the U.S. insists on engaging in a "tariff war" amid escalating tariffs the U.S. has imposed on goods from China.
China's Commerce Minister Wang Wentao on Thursday met with Saudi Minister of Commerce Majid bin Abdullah Al-Qasabi and G20 Presidency holder, South Africa's Minister of Trade, Industry, and Competition Parks Tau separately through video calls.
China made firm retaliation on Thursday, the second day of the first annual meeting of the Council for Trade in Goods of the WTO, as the U.S. added the topic of "reciprocal tariffs" under "other matters" to promote its robber logic of the so-called "reciprocal tariffs".
Experts say China, Japan and South Korea must unite through deeper cooperation and conclude a free trade agreement, or FTA, as soon as possible to promote regional stability and prosperity.
U.S. President Donald Trump signed the executive order on Wednesday, which is reportedly aimed at reviving U.S. shipbuilding and reducing China's presence in the global shipping industry.
China may soon launch a comprehensive set of additional macroeconomic measures to cushion a potentially substantial demand shock due to the United States' tariff hikes.
China has urged the United States to cancel its unilateral tariffs as quickly as possible, and get back on track to properly address differences through equal dialogue.
In recent days, the U.S. government has sparked a global outcry by imposing so-called "reciprocal tariffs” on its trading partners, including China. In an exclusive interview with China News Network, Joseph Gregory Mahoney, professor of politics and international relations at East China Normal University, warned that tariffs are a short-term tactic that rarely led to sustainable outcomes.
China has discovered a new mineral type, high-purity quartz, primarily used in high-tech industries including semiconductors and photovoltaics, according to the Ministry of Natural Resources of China on Thursday.
U.S. tariffs levied on Chinese imports will have a significant impact on European companies exporting from China to the U.S., compelling many to reevaluate their business models and restructure their supply chain strategies.
The Bash and Zankeldi Wind Power Project in Uzbekistan, co-developed by China Southern Power Grid, was put into operation earlier this month, becoming the largest wind power project in Central Asia, according to the company.
(ECNS) -- China has ranked among the top ten for four consecutive years and held the top position in emerging markets for three years in a row, according to the 2025 Kearney FDI Confidence Index published on Wednesday.
Concerning the hefty tariffs initiated by the Trump administration, a Chinese expert believes they would not endanger the overall situation of China's economic development, adding that it is fully prepared for such a situation.
The Trump administration's continued push for higher global tariffs has provoked widespread concern, sparking protests at home and criticism from global partners.
Chinese Commerce Minister Wang Wentao met with representatives of EU and Malaysia - the rotating chair of ASEAN - via video, respectively.
The joint efforts of China and the European Union to uphold a rules-based multilateral trading system and promote trade liberalization will enhance the stability and certainty of global trade and the world economy.
The United States on Tuesday raised the total tariff on Chinese imports to more than 120 percent, which will have a widespread impact on trade between the world's two largest economies, according to experts and politicians.
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