We’re now starting to see a second China shock play out, one that looks different. This time, barred from the U.S. market by tariffs, and unable to sell enough to consumers at home, China is redirecting more of its exports to developing countries. It’s also setting up its own factories in some of these countries.

What does China achieve in using such blunt economic weapons in bilateral spats? It is tempting to dismiss these as acts of petulance or even self-harm. Rarely do countries meekly back down in the face of China’s punishment.

China's Premier Li Qiang said on Tuesday the "mutually destructive consequences of tariffs have become increasingly evident" over 2025, in remarks at a "1+10 Dialogue" including the heads of the IMF,

Bi Jingquan, who received an international award for promoting innovation, has also been removed from public office over corruption charges.

A 15-year strategy of subsidies, overseas partnerships and political risk-taking shows how Tokyo slowly loosened Beijing’s grip on critical minerals while the US and Europe are only now waking up.

China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to drive exports.

The new system would allow more freight trains to run without the need for new tracks. In the test-run, the freight trains had a combined cargo capacity of 35,000 tonnes and ran much more closely than the single units.

China should increase imports and settle them in the yuan to balance its foreign trade, a move a former central bank adviser says will boost the Chinese currency’s usage globally.