Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Trending in China: Can Music Streamers Help Users’ Depression?
Core Parts of China’s Beidou Satellite System ‘100% Made in China’
Trending in China: Xiaomi CEO’s Shows How Best To Harness China’s Social Media Humor for Serious Business
Apple Takes Down Over 30,000 Apps from China Store Amid Government Crackdown
Chinese Chipmaker SMIC to Establish Joint Venture for Wafer Production
Microsoft Said Plan to Acquire TikTok Will Continue
Uber Abandons Plan to Move Regional Headquarters to Hong Kong
Trending in China: Undergraduate Degree in Housekeeping — Valuable Asset or Waste of Resources?
Huawei and Apple Shine in China’s Smartphone Market During Second Quarter
Video Streamer iQiyi Eyeing Southeast Asian, Middle East Expansion, Executive Says
Lawson Expands in China With Prefab Convenience Stores
TikTok Undergoing U.S. Investment Review, Treasury Secretary Says
Chinese Community E-commerce Firm Nice Tuan Nets $80 Million in Third Funding in 2020
Trending in China: Shanghai Film Festival Rekindles Childhood Memories with Outdoor Screenings
China’s EHang Gets Green Light to Test Self-Flying Vehicles in Quebec
Trending in China: Pop Star Jay Chou’s Livestream Signals Kuaishou’s Increasing Partnership with Celebrities
Tencent to Pick Up Stake in Shanghai-listed Weaver Network for $110 Million
U.S. Senators Worry TikTok Could Be Used to Interfere in Elections
Tesla Launches Hiring Spree in China as It Prepares for Shanghai Production of Model Y
ByteDance AI Lab Head to Leave as TikTok Faces Global Headwinds
Chinese Investors React Coolly to Signs of Easing Trade Tensions

By Guo Yingzhe / Sep 12, 2019 01:49 PM / Politics & Law

Photo: VCG

Photo: VCG

When U.S. President Donald Trump announced Wednesday he was delaying another planned tariff hike on Chinese imports, he framed it as a “gesture of goodwill.” But Chinese investors don’t seem to be warming to him.

The Shanghai Stock Exchange Composite Index opened a paltry 0.2% up on Thursday morning after Trump tweeted that a tariff increase from 25% to 30% on 250 billion of Chinese goods, originally slated to come into effect on Oct. 1, would be postponed to Oct. 15.

The delay is “at the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary,” he said in a separate tweet.

Also on Wednesday, China announced the exemption of 25% punitive tariffs on 16 categories of U.S. imports, which were levied last year in retaliation for similar tariffs imposed by Washington. The exemption helped boost American stock markets, nudging the Dow Jones up 0.85% or 227.6 points and the S&P 500 up 0.72% or 21.5 points at the close.

Read the full story on Caixin Global later today.

Contact reporter Guo Yingzhe (yingzheguo@caixin.com)

Related: Update: China, U.S. to Hold Trade Talks in Washington Next Month

Share this article
Open WeChat and scan the QR code