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Tag: China

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China cuts Hollywood film imports as trade war escalates

China plans to cut back on Hollywood film imports as tensions rise in its trade dispute with the United States. In a statement released Thursday, the China Film Administration confirmed the move, responding to questions about whether growing U.S. tariffs would affect American movie imports. The CFA said China would instead focus on increasing film […]

China 'firmly opposes coercion' as Mexico mulls car tariffs
Business

China retaliates, hits US with 34% import tariff

China’s Ministry of Finance has announced a 34% tariff on all U.S. imports starting April 10, in response to similar duties implemented by the U.S. under former President Donald Trump’s administration, according to state news outlet Xinhua. “China urges the United States to immediately cancel its unilateral tariff measures and resolve trade differences through consultation […]

Trump considers sanctions against China’s DeepSeek
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Chinese AI startup DeepSeek upgrades V3 Model, challenging US rivals

Chinese artificial intelligence startup DeepSeek has launched a major upgrade to its V3 large language model, intensifying competition with United States’ tech leaders such as OpenAI and Anthropic. The latest model, DeepSeek-V3-0324, is now available on the AI development platform Hugging Face, marking the company’s latest effort to establish a strong foothold in the evolving […]

China approves AI Assistant Monica for local market, adds to collection
News

China approves AI Assistant Monica for local market, adds to collection

Beijing’s municipal government announced on Tuesday that Monica, a Chinese version of AI startup Manus’ Assistant, has completed the regulatory registration required for generative AI applications in China. This approval marks a significant milestone for the AI assistant, clearing a key regulatory hurdle. China imposes strict regulations on generative AI platforms, requiring them to comply […]

News

China, India emerge as Nigeria’s largest import partners

China and India have solidified their positions as Nigeria’s largest sources of imports, accounting for a combined total of N20.31 trillion in 2024, according to the latest trade report from the National Bureau of Statistics. The report indicates that China led the import chart with goods valued at N14.14 trillion, while India followed with N6.17 […]

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China hits Canada with tariffs amid escalating global trade tensions

China has announced retaliatory tariffs on Canadian agricultural products in response to Canada’s earlier imposition of duties on Chinese-made electric vehicles, steel, and aluminum products. Beijing said the new Chinese tariffs, effective March 20, will impose a 100% duty on Canadian rapeseed oil, oil cakes, and peas, and a 25% duty on aquatic products and […]

China 'firmly opposes coercion' as Mexico mulls car tariffs
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China strikes back with 15% tariffs on US goods

China has announced Tuesday additional upto tariffs and export controls on goods and companies in response to recent United States tariff increases on Chinese imports. These measures are in retaliation to the U.S. increasing tariffs on Chinese imports to 20% as of March 4. China is imposing new tariffs on U.S. agricultural goods, including a […]

News

China’s Baidu to launch next-gen AI model amid DeepSeek competition

China tech giant, Baidu plans to launch Ernie 5.0 in the second half of 2025, featuring enhanced multimodal capabilities. The AI model will be able to process and convert text, video, images, and audio, positioning Baidu against rising competitors like DeepSeek. The release comes as competition in China’s AI sector heats up, with startups like […]

News

China probes Google, blacklists two US firms amid trade tensions

China has launched an anti-monopoly probe into Google’s parent company, Alphabet Inc., and added two US companies—PVH Corp and Illumina—to its “unreliable entity list.” This follows the implementation of new US tariffs on Chinese goods, signaling a significant escalation in trade tensions between the world’s two largest economies. China’s Commerce Ministry stated that PVH Corp, […]

Chinese App Xiaohongshu tops US app store amid TikTok ban
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Chinese App Xiaohongshu top of US app store amid TikTok ban

Chinese-owned app Xiaohongshu has emerged as a favorite alternative for content creators and users alike, as TikTok potentially be banned in the U.S. on January 19 unless the Supreme Court intervenes. On Monday, the app surged to the top spot for free apps on the U.S. App Store, becoming the leading Social Networking app across […]

China’s rare earth magnet exports hit six-month high in July
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China to expand currency swap agreement with Nigeria

China has expressed willingness to expand its currency swap agreement with Nigeria and support the issuance of panda bonds. Chinese Foreign Minister Wang Yi emphasized that the currency swap deal showcases the strong financial cooperation between both nations. Wang Yi made the announcement on Thursday in Abuja during his visit to Nigeria, that China is […]

China Development Bank approves $254.76m loan for Kano-Kaduna rail project
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China Development Bank approves $254.76m loan for Kano-Kaduna rail project

The China Development Bank has approved a loan of $254.76 million (€245 million) for Nigeria’s Kano-Kaduna railway project, marking a significant boost to the ongoing infrastructure development in the country. The loan, announced by the bank on Tuesday, is expected to provide essential financial support for the completion of the standard-gauge rail line, which spans […]

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