China’s exports grew at a slower-than-expected pace last month as the boost from a trade truce with the U.S. waned, the Wall Street Journal reported. Outbound shipments rose 4.4% from a year earlier in August, down from a 7.2% increase in July, the General Administration of Customs said Monday. Chinese imports climbed 1.3% during the month, according to the customs bureau. That compared with July’s 4.1% increase and the 1.8% rise expected by the economists surveyed.
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China's investors borrowed a record $322 billion to buy stocks this year, but sharp corrections this week and heightened regulatory scrutiny to cool overheated markets are now making them jittery about the leveraged bets, Reuters reported. While risks for China's broader financial system have been elevated for months due to deflation in the economy and a persistent property debt crisis, the stock investors' recent actions could add more pressure. Outstanding margin financing in China, a key gauge of sentiment and leverage level, hit a record 2.3 trillion yuan ($321.55 billion) this week.
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Mexican President Claudia Sheinbaum said on Thursday that her government is considering imposing tariffs on imports from countries that do not have trade agreements with Mexico, including China, Reuters reported. The tariffs would be part of "Plan Mexico", an initiative to boost domestic industry amid tariffs imposed by U.S. President Donald Trump on some imports from Mexico.
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Liquidators of China Evergrande, once the country's largest property developer, have asked a Hong Kong court to appoint receivers to identify and preserve the assets of founder Hui Ka Yan, who has not disclosed his worldwide properties, Reuters reported. The move is the liquidators' latest effort to recover $6 billion in dividends and remuneration paid to Hui and other former executives, as they fight court battles to freeze offshore assets of the founder and his former spouse, among others.
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Hong Kong High Court Judge Linda Chan said that she would like to see more Chinese cities allowed to recognize the city’s insolvency proceedings under a pilot program, Bloomberg News reported. In 2021, courts in Shanghai, Shenzhen and Xiamen were allowed to recognize insolvency proceedings in Hong Kong. In practice, the Hong Kong High Court has assisted insolvency administrators appointed by mainland China courts to collect assets and investigate related corporate affairs in Hong Kong, according to Chan.
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Mexico's government is set to raise tariffs on Chinese imports, including cars, textiles and plastics, as part of its 2026 budget proposal next month, Bloomberg News reported. The tariff increases may also target other Asian countries, according to sources.
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China's two largest airlines narrowed their first-half losses but remained firmly in the red as a capacity surplus kept fares low, earnings reports released on Thursday showed, underscoring the fragility of the sector's post-pandemic recovery, Reuters reported. Flagship carrier Air China reported a net loss of 1.8 billion yuan ($252 million) for the six months to June, 35% lower than the loss of 2.78 billion yuan a year earlier. Guangzhou-based China Southern Airlines recorded a loss of 1.5 billion yuan, 64% less than the 4.21 billion yuan loss in the same period in 2024.
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U.S. President Donald Trump's tariffs on Chinese imports are biting into the income of some American retail-focused companies, with at least two already in bankruptcy court and others forecasting significant losses, the South China Morning Post reported. Exporters were shouldering a relatively small share of duties on goods sent from China to the US, leaving American firms to absorb the remaining costs or pass them on to consumers, according to minutes from the Federal Open Market Committee's meeting on July 29-30, citing the views of its participants.
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The Panama Canal Authority plans to sell rights to two, yet-to-be-built ports to bring in more operators and limit the influence of any one group, specifically Geneva-based Mediterranean Shipping Co. and China’s state-run Cosco, the Wall Street Journal reported. The head of the authority, Ricaurte Vásquez Morales, said he wants to bring in more competition now that MSC and China’s largest shipping company have emerged as significant players in a clash between the U.S. and China over who controls two existing Panama Canal ports. In March, U.S.
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China Evergrande, a real estate developer that once represented the pinnacle of China’s economic prowess, was formally removed from the Hong Kong Stock Exchange on Monday, the New York Times reported. Evergrande, which made its financial debut in Hong Kong 16 years ago, had once been the fastest growing property developer in a country brimming with promise of profits for investors. It will be remembered as one of the world’s most indebted companies whose collapse brought China’s financial system to the brink.
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