Although theUnited Statesthreatened on Sunday to hike tariffs on Chinese goods beginning on Friday, Beijing maintained a measured approach when it responded to the latest threat stemming from the ongoing Sino-US trade consultations.
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Chinahas translated its promise of funding Belt and Road Initiative projects into reality with the assistance of a group of national financial institutions, which has offered hundreds of billions of dollars in financing services.As one of the most important financial institutions to support the initiative, China Development Bank has funded more than 600 BRI projects with over $190 billion, fulfilling its goal of a 250 billion yuan loan to support projects on basic infrastructure, industrial capacity, and financial cooperation.
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Malaysia’s housing ministry is currently in discussions with Chinese companies to build 100,000 houses this year forMalaysia’s low-income population, Zuraida Kamaruddin, Minister of Housing and Local Government of Malaysia, told the Global Times.
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American soybean growers have urged the White House to rapidly conclude the trade talks withChina, in response to the announcement from President Donald Trump on Sunday that he would raise tariffs on imports fromChina.President Trump's announcement, which was made on Twitter, said the 10 percent tariff currently on 200 billion U.S. dollars' worth of goods fromChinawould rise to 25 percent on May 10. He also announced plans to tax an additional 325 billion U.S. dollars' worth of imports with a 25 percent tariff.
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The business of running errands is expanding rapidly acrossChina, with a growing number of couriers racing between buildings to make a profit.Aside from specialized errand running companies, express delivery enterprises and online food ordering platforms are joining in to get a slice of the ever-expanding market.According to Wei Wei, a manager of Chinese food delivery service provider Meituan, the company hopes to meet more demands of the errand running market by further exploiting its own delivery resources.
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