MOFCOM
China curbs spur push for local manufacturing
India's government will consult stakeholders on measures to mitigate the impact of Chinese export constraints. China recently imposed new restrictions on heavy machinery, such as tunnel boring machines, set to take effect soon. Indian officials assert that there should be no significant slowdown in highway development despite these curbs. The domestic construction industry is becoming increasingly self-sufficient regarding general equipment needs.
China announces export curbs on key machinery used in India's infrastructure development
Beijing has announced new export controls on essential machinery, which will impact India's infrastructure development. These restrictions will take effect on November 18 and apply to tunnel boring machines and related items. Additionally, the export controls include walking excavators and specific dredger-related items, complicating several Indian projects.
China, US slash tariffs on USD 30 billion on imports: Chinese Commerce Ministry
In a significant development, China and the United States have finalized ten key outcomes during their recent economic and trade discussions. Among these, both nations agreed to implement reciprocal tariff reductions valued at USD 30 billion on each other's imports.
China considers tighter export controls on AI models and chips
Regulators led by the China's Ministry of Commerce (MofCom) have been consulting leading domestic AI and chipmaking groups on how to prevent China's advanced technologies and star start-ups from being acquired by the west, the report said, citing two people involved in the discussions.
The world's auto supply chain is in the hands of a few Chinese bureaucrats
China's control over rare earth magnet exports, crucial for electric vehicles and other industries, has become a point of contention in the trade war with the U.S. Stricter export controls implemented in April have led to significant delays in license approvals, impacting global automakers and technology firms.
China imposes anti-dumping measures on imports of cypermethrin pesticide from India
China has imposed anti-dumping duties on cypermethrin imports from India, effective Wednesday. This decision follows an investigation by Chinese authorities, which concluded that Indian cypermethrin was being dumped and causing significant harm to China's domestic industry. Cypermethrin is a key ingredient in insecticides used to protect crops like cotton and vegetables.
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China prepares trade retaliation after US tariff hike—Who’s first in the line of fire?
Beijing has issued a warning against the US decision to double tariffs on Chinese imports and vowed retaliatory actions. China accuses the US of using fentanyl-related concerns as a pretext for economic aggression and plans countermeasures targeting US agricultural products.
China asks its carmakers to keep key EV technology at home
China has urged its carmakers to keep advanced EV technology within the country, even as they build factories abroad to avoid tariffs. The Ministry of Commerce advised exporting knock-down kits for final assembly overseas and warned against investments in India. This move aims to protect China's EV industry know-how.
Foreign direct investment into China slumps to worst in 30 years
China’s direct investment liabilities in its balance of payments rose by $33 billion last year, 82% down on 2022, according to data from the State Administration of Foreign Exchange released Sunday. That measure of new foreign investment into the country — which records monetary flows connected to foreign-owned entities in China — slumped to the lowest level since 1993.
China extends anti-dumping duties on Indian chemical for five years
China has extended anti-dumping duties on imports of o-chloro-p-nitroaniline originating in India for another five years. China first imposed the duties for five years as of February 12, 2018 at rates of 31.4-49.9 per cent. According to the MOFCOM website, from 1995 to 2023, India initiated 336 anti-dumping investigations against China.
China foreign investment gauge hits 25-year low
Direct investment liabilities a gauge of foreign direct investment in China slumped to just $4.9 billion in the April-June period, according to figures released by the State Administration of Foreign Exchange on Friday. That was down 87% from the same period last year and was the smallest amount in any quarter in data back to 1998.
New Chinese rules on export ban could hinder TikToK sale: Chinese news channel CGTN
The revised catalogue, released on Thursday jointly by China's Ministry of Commerce (MOFCOM) and the Ministry of Science and Technology, added a total of 23 items subject to export restrictions while deleting four items prohibited from export, including microbial fertilizing and caffeine production technologies, CGTN reported.
China warns of trade war if US imposes tariffs on its goods
China-US trade reached USD 519.6 billion in 2016, representing 207 times that of the 1979 amount, when diplomatic relations started.
China asks Donald Trump to desist from trade, currency wars
Chinese official media has been projecting that Trump may resort to trade and currency wars against China to prop up American economy.
'China-US ties interdependent; confrontation will hurt both'
With about USD 600 billion bilateral trade, US is China's top trade partner. China's exports to the US last year totalled to USD 598 billion, imports USD 116 billion.
Dell closes $67-bn merger deal with EMC
The deal, which was announced in October last year, saw Dell and its partner investment firm Silver Lake raising over $40 billion in debt.
Will gain from China's anti-dumping duty on pyridine: Jubilant
Pyridine is a chemical which is used in preparation of various agrochemicals and pharmaceuticals besides being an important solvent and reagent.
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