Business Brief (Aug. 6): China Announces Trade Countermeasures Against the U.S.

Published: Aug. 6, 2026 12:30 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

HOT TOPICS

China announces trade countermeasures against the U.S.

China’s commerce ministry and other departments announced a series of countermeasures on Aug. 5 against the U.S in response to the latter's trade sanctions. The measures include tightening export controls on drones, launching a national security investigation into imported office printing and copying equipment, and imposing sanctions on six U.S. entities.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Save an extra $50. Introductory offer for new readers. Subscribe now.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

China hits back at US trade sanctions with drone export controls and sanctions on six US entities.
China taxes Hong Kong insurance policy returns at 20%, closing a loophole.
AI startups Moonshot ($50B), Unitree ($6.2B IPO), DeepSeek (500B yuan) pursue funding.
AI startups Moonshot ($50B), Unitree ($6.2B IPO), DeepSeek (500B yuan) pursue funding.

AI generated, for reference only

Who’s Who

AI generated, for reference only

What Happened When

2026：: Chinese mainland tax authorities started levying personal income tax on the returns of offshore insurance policies, with early enforcement cases in Beijing and Hangzhou applying a 20% tax rate to returns from Hong Kong policies.

2026：: Chinese AI startup Moonshot AI launched its Series G funding round targeting a $50 billion valuation, following the release of its K3 model.

2026：: Humanoid robot developer Unitree Robotics is preparing for an initial public offering with an estimated valuation of 42 billion yuan ($6.2 billion).

2026：: Multiple banks reinstated five-year large-denomination certificates of deposit.

2026：: The price of a real estate investment trust backed by industrial parks in the Guangzhou Development District halved from its issue price as the occupancy rate of its underlying assets fell to 67%.

2026：: General Motors Co. and SAIC Motor Corp. Ltd. extended their China joint venture by 20 years to 2047.

2026：: Chinese AI startup DeepSeek relaunched fundraising at a pre-money valuation of 500 billion yuan.

2026-08-05：: China's commerce ministry and other departments announced a series of countermeasures against the U.S., including tightening export controls on drones, launching a national security investigation into imported office printing and copying equipment, and imposing sanctions on six U.S. entities.