Latest news with #ChineseFirms
South China Morning Post
2 days ago
- Business
- South China Morning Post
China's firms invest more efficiently when facing ‘trade shocks': researchers
Chinese firms tend to invest more efficiently when facing higher duties or import restrictions, according to a study that highlights an unexpected benefit of tariffs by analysing data from before the two trade wars with the United States. Published in the peer-reviewed Journal of Corporate Finance, the paper examined more than 2,700 listed firms in China, their financial and accounting data from 2003 to 2016, and the trade barriers imposed on the country during this period. The paper was released in April when Chinese exporters faced renewed trade turbulence, with the world's two largest economies imposing triple-digit tariffs on each other – before agreeing to a 90-day truce in May. The European Union has also levied anti-subsidy duties on Chinese electric vehicles. Trade defence instruments (TDIs), such as anti-dumping or countervailing duties, have largely prompted Chinese companies to allocate capital more effectively, according to the paper. This was especially true for cash-rich firms that lacked strong governance, where unchecked investments had been more common. 'Our findings reveal a nuanced dynamic, showing that trade protection measures, such as TDIs, can have complex and counterintuitive effects on target firms' resource allocation and the broader economy.' The authors called trade shocks an 'external disciplining mechanism' that reduces free cash flow and curbs overinvestment, where excessive resources are poured into underperforming projects.
Reuters
6 days ago
- Business
- Reuters
China says it is concerned by EU probe into Chinese tyres
BEIJING, May 29 (Reuters) - China's commerce ministry said on Thursday that China would defend the legitimate rights and interests of Chinese firms when it was asked about the European Union launching an investigation into China's alleged dumping of tyres. China is "very concerned" by the EU's move and urges the bloc to engage in dialogue and consultation with China to solve each other's concerns, a spokesperson for the ministry said in a regular press briefing.
BBC News
27-05-2025
- Business
- BBC News
Business Daily China: the mineral superpower
Available for over a year The country dominates the global processing of critical minerals - materials essential to clean energy, defence, and modern manufacturing. In the second part of our series on the global race to secure these resources, we explore how China built its control over the supply chain, from strategic state investment to partnerships abroad. We also head to Indonesia, where Chinese firms are leading the charge in nickel processing. Has one country gained too much power over the world's green transition? Presenter: Sam Fenwick Producer: Lexy O'Connor (Image: Labourers work at the site of a rare earth metals mine at Nancheng county, Jiangxi province in 2010. Credit: Getty Images)
Malay Mail
26-05-2025
- Business
- Malay Mail
China to counter trade tensions with fresh policies and broader cooperation, Li Qiang says ahead of Asean Summit
BEIJING, May 26 — China is weighing new policy tools in the face of an international economic and trade order that is 'under severe impact', Chinese Premier Li Qiang told a symposium with Chinese firms in Jakarta over the weekend. 'The fragmentation of industrial and supply chains has deepened, and trade barriers have increased, which has had a great impact on the economic development of all countries,' state news agency Xinhua reported on Sunday, citing Li. China is studying new policy tools, including some 'unconventional measures', which will be launched as the situation changes, the Chinese premier said. Li also said China will continue strengthening economic cooperation with more countries to support the overseas business development of Chinese enterprises.
Yahoo
21-05-2025
- Business
- Yahoo
China opposes EU's Russia-related sanctions on its firms, cites 'double standards'
BEIJING (Reuters) - China is strongly dissatisfied and resolutely opposed to the European Union's "unreasonable" sanctions on Chinese firms, the foreign ministry said on Wednesday. The EU and Britain announced new sanctions on Tuesday against Russia that target some Chinese firms. In Beijing, the ministry spokesperson, Mao Ning, urged the EU to drop its "double standards" on economic and trade ties with Russia, saying most countries, including those in Europe, as well as the United States, continue to trade with Russia. China will take the measures necessary to safeguard its legitimate rights and interest, Mao told a regular press conference when asked about the sanctions.
