UNCLEAR WHETHER JOINT COMMUNIQUE CAN BE AGREED
China’s massive export push has pressured economies across the globe, especially as the United States has imposed high tariffs on Chinese goods and outright bans on some products, such as Chinese vehicles.
With chronically weak domestic demand, China has doubled down on exports of electric vehicles, semiconductors and other goods, and its total exports rose 23.9 per cent in July year-on-year, prompting growing calls in Europe for tougher curbs on Chinese imports.
“We do know that Chinese currency is hugely undervalued, that China is supporting, very actively subsidising its exports and this is a…
Read the full article at CHANNELNEWSASIA.COM
