Trade Agreements

The Lede: Job seekers in Kunshan, China’s wealthiest county, struggle to secure employment, amidst weakening global economic prospects and manufacturers relocating factories outside of China fueled by trade tensions with the United States. What we know: * Kunshan, a county located 50 kilometres from Shanghai, previously offered wages up to

The Lede: Tim Cook, CEO of Apple, met with China’s minister of commerce, Wang Wentao to discuss industrial and supply chain stabilization, the Chinese Ministry of Commerce said on Monday. The meeting comes amid rising trade and geopolitical tensions between Beijing and Washington. What we know: * During their meeting,

The Lede: India has reportedly urged banks and traders to abstain from utilizing the Chinese yuan to pay for Russian imports due to longstanding political tensions with China. Three government officials and two banking sources confirmed the move with Reuters, indicating that India is seeking to distance itself from the

The Lede: Canada is accelerating efforts to position itself as an alternative for European governments that seek to reduce their dependence on China for critical raw materials that are crucial for the production of various products, including electric cars, smartphones, solar panels, and more. What we know: * One of the

Canada will not compel state-owned Chinese investors to divest their shares in three major mining firms as it could cause policy ambiguity, Reuters reported on Wednesday.     Canada requested three Chinese firms to divest their shares in Toronto-listed lithium explorers in November, citing national security concerns.     China retaliated by claiming that

China’s trade contracted once again in the first two months of 2023, as demand from the U.S. and Europe weakened due to rising interest rates, adding challenges for China’s efforts to stimulate economic growth after zero-COVID policy, the Washington Post reported based on customs data released on