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#China

788 posts457 participants2 posts today

China has made a strategic and quiet move in cross-border payments. They are now based on the digital yuan for transactions with 10 ASEAN countries and six Middle Eastern countries, bypassing the Swift system.

The People’s Bank of China has been the entity in charge of connecting the digital RMB, which gives China a victory over the prevalence of the US dollar in the global economy.

bitfinance.news/en/china-launc

Bitfinance · China launches cross-border payment system with digital YuanBy Marilin Pino

‘Stocks surged to one of their biggest gains since WW2 after Donald #Trump paused his #tariffs against most nations except #China, as investors had desperately hoped he would. Trump, though, did raise tariffs on China to 125%.’

Guardian Business Live

Are we to believe in the wisdom of Adam Smith’s invisible hand or maybe it’s becoming clear Trump is taunting and playing these rich traders in the way a belligerent, narcissistic older brother might control their siblings with a tv remote.

"Some *important* clarification on Mexico & Canada tariffs from a WH official. Seems like Sec Bessent perhaps misspoke:

- Fentanyl tariffs on Canada and Mexico remain unchanged: USMCA trade is tariff-free,🚨non-USMCA trade is tariffed at 25% (except for energy and potash at 10% tariffs)
- The baseline 10% tariffs did not go into effect on Canada & Mexico on April 5, & neither country is getting the 10% baseline now."
-S Talcott

Lots of confusion & chaos.
#Tariffs #China #Canada #Mexico #USPol

Spanish Prime Minister Pedro Sanchez is visiting China to discuss trade and economic cooperation, focusing on areas like pharmaceuticals and medical products.
Sanchez sees China as a key partner for Spain and the EU, pushing for a more balanced relationship between the two amid growing economic uncertainty and tensions with the US.

The visit is an opportunity for both Spain and China to strengthen ties.

bloomberg.com/news/articles/20

Viele US-Bürger reagieren verstört auf die massiven Kursverluste in ihren Börsendepots. Mit einem 90-Tage-Aufschub sorgt Trump für eine Blitzerholung an der Wall Street. Die Volte begründet er mit der Angst seiner Landsleute. An einen Deal mit China glaubt er weiterhin.#Politik #Zölle #DonaldTrump #China #EU
"Man muss flexibel sein": Trump erklärt seinen jüngsten Zollrückzieher
n-tv NACHRICHTEN · "Man muss flexibel sein": Trump erklärt seinen jüngsten ZollrückzieherBy n-tv NACHRICHTEN

Der Anteil von #Solarenergie an der weltweiten #Stromerzeugung ist 2024 auf 6,9 % gestiegen.

Laut einer Analyse der Denkfabrik #Ember ist das ein erneuter Rekord. Damit bleibt #Solarstrom das 20. Jahr in Folge die am schnellsten wachsende Energiequelle. Der größte Zuwachs kam aus #China. Dennoch dominiert weiterhin #Kohle mit über 34 % Anteil.

deutschlandfunk.de/weltweit-im

Solar-Anlagen an den Balkonen vor einem Haus.
Die NachrichtenEnergiewirtschaft - Weltweit immer mehr Strom aus SolaranlagenDie Stromgewinnung aus Sonnenlicht nimmt weltweit weiter zu.

#Trump pauses plans to hike #US #tariffs on most countries except #China | #TrumpTariffs | The Guardian

Does this dork ever follow through with anything or is he all mouth and no trousers? [Rhetorical question.] I don’t think China will be quaking in its boots over this.

theguardian.com/us-news/2025/a

The Guardian · Trump pauses plans to hike US tariffs on most countries except ChinaBy Callum Jones