China exports grow despite US tariffs, but imports slump

BEIJING: China’s exports unexpectedly returned to growth in May despite higher US tariffs, but imports fell the most in nearly three years in a further sign of weak domestic demand that could prompt Beijing to step up stimulus measures. Some analysts suspected Chinese exporters may have rushed out shipments to the United States to avoid […]

China stays silent on G20 Xi-Trump meeting, but says door open for talks

Beijing: China is open for more trade talks with Washington but has nothing to announce about a possible meeting between the Chinese and US leaders at this month’s G20 summit, the Foreign Ministry said on Monday. US President Donald Trump has repeatedly said he is getting ready to meet Chinese President Xi Jinping at the […]

Finance ministers call for creation of digital tax for tech companies

The Finance Ministers of the G20 member nations on Saturday called for the creation of a digital tax for multinational technology companies, the details of which will be finalized next year. The initiative was debated on Thursday during a G20 Ministerial Symposium in the Japanese city of Fukuoka, with the world’s leading industrialized countries coming […]

France ready to cut Renault stake to shore up Nissan ties: minister

FUKUOKA, Japan: France is ready to consider paring back its 15-percent stake in Renault in the interests of consolidating the automaker’s alliance with Japanese partner Nissan, Finance Minister Bruno Le Maire said Saturday. In an interview with AFP on the sidelines of the G20 finance ministers’ meeting in Japan, Le Maire also said Renault and […]