Ratings agency Fitch on Wednesday downgraded ratings for Chinese property company China Vanke citing liquidity concerns amidst an ailing property sector in the world's second largest economy, Reuters reported. Fitch downgraded long-term foreign- and local-currency issuer default ratings (IDRs) for the embattled property developer to 'CCC+' from 'B-'. The agency also downgraded the long-term IDR for the company's unit, Vanke Real Estate (Hong Kong), to 'CCC' from 'CCC+', and its senior unsecured rating and the rating on its outstanding senior notes to 'CCC', from 'CCC+'.

China's new bank loans tumbled more than expected in April as a protracted trade war with the United States further eroded the market's appetite during a typically slow month for loan demand, Reuters reported. Chinese banks extended 280 billion yuan ($38.87 billion) in new yuan loans in April, below analysts' forecasts and plummeting from March's 3.64 trillion yuan, according to Reuters calculations based on data released by the People's Bank of China. Total outstanding yuan loans rose at a record-low annual pace of 7.2% in April.

The temporary reduction in tariffs that the United States and China announced in Geneva on Monday will lift, at least for now, the de facto trade embargo that had been in place between the two countries for the past month, the New York Times reported. It will reduce the chances that American shoppers will face empty shelves during the holiday season and perhaps limit the price increases they will have to endure. It sent stock prices soaring around the world. But the deal does little to clear the cloud of uncertainty that has hung over the U.S.

A struggling technology company that has ties to China and relies on TikTok made an unusual announcement this week. It had secured funding to buy as much as $300 million of $TRUMP, the so-called memecoin marketed by President Trump, the New York Times reported. GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its public filings show, and recorded zero revenue last year from an e-commerce business it operates on TikTok, the Chinese-owned video-sharing app.

The United States will cut the "de minimis" tariff for low-value items imported from China, a White House executive order said on Monday, further de-escalating a potentially damaging trade war between the world's two largest economies, Reuters reported. The tariff relief, which affects big Chinese e-commerce players including Shein and Temu, follows a deal between Beijing and Washington to unwind most of the duties imposed on each other's goods since early April, after weekend talks in Geneva.

The United States and China have agreed to temporarily slash reciprocal tariffs in a deal that surpassed expectations as the world's two biggest economies seek to end a damaging trade war that has stoked fears of recession and roiled financial markets, Reuters reported. The U.S. will cut extra tariffs it imposed on Chinese imports in April this year to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125%, the two sides said on Monday. The new measures are effective for 90 days.

President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war between the world's two largest economies, the Associated Press reported. Top U.S. officials are set to meet with a high-level Chinese delegation in Switzerland in the first major talks between the nations since Trump sparked a trade war with stiff tariffs on imports. “80% Tariff on China seems right!

China's exports expanded 8.1% year-on-year in April, while imports contracted 0.2%, customs data showed on Friday, both defying expectations for a much sharper slowdown in trade, Reuters reported. The new data followed a 12.4% year-on-year jump in exports in March, when Chinese factories pushed out shipments before U.S. President Donald Trump's 145% tariffs on Chinese goods took effect on April 9. Imports had fallen 4.3% in March. China has retaliated against U.S. tariffs by ramping up its levies on U.S. imports to 125%.

China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the economy, in the most significant policy steps taken by Chinese officials to limit the impact of the trade war with the United States, the New York Times reported. The central bank, the People’s Bank of China, cut short-term interest rates and the amount of funds banks have to hold in reserve in a series of 10 measures.

Chinese authorities announced on Wednesday a raft of stimulus measures, including interest rate cuts and a major liquidity injection, as Beijing steps up efforts to soften the economic damage caused by the trade war with the United States, Reuters reported. The announcements come shortly after U.S. and Chinese officials said Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's top economic official He Lifeng in Switzerland this weekend for talks.