US-based rare earth firm REalloys believes it has a road map to build a North American supply chain for critical minerals that bypasses China, working with Canadian and Japanese partners – a potential first, though not without risks and challenges. The Ohio-based company expects to deliver rare earth products, including magnets, in early 2027, using a non-Chinese sourcing strategy that spans metal supply to procurement. In October, it received a letter of interest from the US Export-Import Bank,...

After witnessing the effects of a tumultuous trade war with the United States this year, China’s top leaders have issued a directive to fortify the domestic economy against persistent or even heightened trade frictions. Following the annual central economic work conference, which concluded on Thursday and set the agenda for 2026, officials emphasised “better coordinating domestic economic work and international economic and trade struggles”, anchoring a pro-growth strategy for the start of...

China is expected to set its fiscal deficit ratio at around 4 per cent of gross domestic product in 2026, analysts said, adding the affirmation of a more prominent role for fiscal policy at this week’s central economic work conference indicates a selective approach to increasing government expenditures. In a statement issued after the annual conference ended on Tuesday, officials called for maintaining a “necessary deficit size, total debt and expenditure volume”. The December meeting of...

A Chinese business group has urged the European Union to halt its “discriminatory and disproportionate” use of anti-subsidy probes to target Chinese companies, as Brussels steps up its scrutiny of firms allegedly receiving unfair state subsidies. The EU launched an in-depth foreign subsidy regulation (FSR) investigation against the Chinese security firm Nuctech on Thursday, just days after Brussels reportedly raided the Chinese-invested e-commerce platform Temu’s European headquarters in Dublin...

China is on track to slash its reliance on imported soybeans to less than 30 per cent within a decade, from the current 90 per cent, research from Goldman Sachs suggests, as Beijing accelerates efforts to shore up self-sufficiency – including inoculating its food supply against trade shocks. Demand-management strategies for the crop – a vital source of cooking oil and animal feed, as well as a key commodity at the centre of Beijing’s trade relations with Washington – reduced annual consumption...

Mexico’s move to place tariffs of up to 50 per cent on Chinese and other Asian goods underscores US efforts to pressure other countries to take action against China – and Beijing may well retaliate, analysts said. The Mexican Senate on Wednesday approved duties between 5 and 50 per cent on 1,463 product categories – including auto parts, textiles and plastics – starting from January 2026. President Claudia Sheinbaum had proposed the tariffs in the name of protecting local industries, subject to...

Beijing’s push to advance the domestic chip industry will remain unchanged regardless of whether it allows Chinese companies to buy Nvidia’s H200, analysts said. Days after US President Donald Trump announced Washington would permit Nvidia to ship the chips to approved Chinese customers – on the condition that 25 per cent be “paid” to the United States – Beijing has yet to publicly state whether it will approve purchases. So far, the Ministry of Foreign Affairs has issued the only official...