Earlier this week, Trump revealed plans to impose a 10% tariff on Chinese imports starting February 1, citing China's role in supplying fentanyl to Mexico and Canada. While less severe than the previously threatened 60% tariff, this move aligns with the 10% commitment Trump made as president-elect. The announcement came after a recent phone call between Trump and Chinese President Xi Jinping, where they discussed trade, fentanyl, and other essential matters.
CSRC boosts markets, insurers to invest CNY 100B
Meanwhile, the China Securities Regulatory Commission (CSRC) ramped efforts to support the country’s struggling equity markets, unveiling measures to inject capital into the market. Insurers are expected to invest at least CNY 100 billion in long-term funds into stocks during the first half of 2025.
