Business & Economy: China's exports surged by 8.1 per cent year-on-year in April, surpassing economists’ expectations of a modest 2 per cent growth.

China's exports surge amid decline in shipments to the US as trade war intensifies

Business & Economy: PBOC lowers the borrowing cost of its seven-day reverse repurchase rates by 10 basis points to 1.40 per cent, taking effect from May 08.

China cuts key rates, boosts liquidity ahead of US trade talk

The simmering trade tensions between the US and China have reached a boiling point. The US administration announced a significant increase in tariffs on $18 billion worth of Chinese goods. This move targets key sectors like electric vehicles, semiconductors, and steel.

Trade fragmentation concerns mount after US tariffs on China