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Huawei is set to test its new AI chip, the Ascend 910D, aiming to compete with Nvidia's high-end processors. The company plans to distribute sample chips to local tech firms by late May, while also shipping over 800,000 earlier models to various customers amid rising trade tensions with the US. Chinese President Xi Jinping has emphasized the need for self-reliance in AI development, urging advancements in core technologies like high-end chips.
China's Politburo has announced measures to support businesses and workers affected by US tariffs, aiming to stabilize employment and enhance economic resilience amid ongoing trade tensions. The plan includes easing monetary policy, accelerating debt issuance, and increasing unemployment insurance returns for impacted companies. This approach reflects a systematic response to trade pressures, prioritizing job stability and economic support over immediate retaliation.
Wall Street opened the week sharply lower, with the Nasdaq 100 and S&P 500 dropping over 3% amid rising tensions between Donald Trump and Fed Chairman Jerome Powell, who faced calls for rate cuts and threats to his position. Global trade uncertainties, particularly with Japan, have intensified capital outflows, impacting stocks, bonds, and the dollar. The Nasdaq 100 may attempt a recovery towards 19,000 points, but any sustainable rebound hinges on significant developments from key figures or diplomatic breakthroughs.
China has warned nations against making trade deals with the US that undermine its interests, accusing Washington of tariff abuse amid escalating tensions. The Chinese Commerce Ministry stated it would respond resolutely to any agreements made at its expense, as the US pressures countries to limit trade with China. Meanwhile, Southeast Asian nations, heavily reliant on China, are navigating the fallout from the ongoing tariff war, with significant trade ties to both the US and China at stake.
China has issued a warning to nations against cooperating with the US, threatening reciprocal countermeasures amid escalating tariffs. The US has raised duties on Chinese goods to 145%, prompting China to impose 125% levies on US imports and restrict critical mineral exports. This trade conflict, which began in 2018, has seen unprecedented tariff levels, raising concerns about global economic stability and potential recession risks.
Chinese President Xi Jinping arrived in Malaysia on April 15, 2025, for a three-day state visit aimed at strengthening trade relations amid US tariff threats. Discussions with Malaysia’s King and Prime Minister Anwar will focus on signing agreements to address economic challenges, particularly as Malaysia faces potential tariffs impacting its exports. The evolving Malaysia-China trade relationship, marked by significant growth and strategic partnerships, highlights the complexities of navigating economic ties in a competitive global landscape.
Chinese President Xi Jinping's visit to Vietnam focused on enhancing collaboration against trade bullying and promoting economic globalization. The two nations signed 45 agreements across various sectors, including AI and infrastructure, while Vietnam seeks to balance its trade relations with both China and the US amid ongoing geopolitical tensions. Bilateral trade exceeded $205 billion in 2024, highlighting the deep economic ties despite historical territorial disputes.
Chinese President Xi Jinping, during his Southeast Asia tour, emphasized that trade wars yield "no winners" and warned against protectionism, which he claims "leads nowhere." His visit to Vietnam, where the US imposes a 46% tariff, aims to strengthen ties and includes plans for around 40 agreements, notably in railway development. The ongoing trade tensions threaten Vietnam's economic growth, which heavily relies on exports to the US, and could reduce its GDP growth by over a percentage point.
The Trump administration has exempted certain electronics, including iPhones and laptops, from tariffs on Chinese imports, providing relief to major tech firms like Apple and Dell. This decision comes amid escalating trade tensions, with China retaliating by raising its tariffs on US goods to 125%. Analysts view the exemptions as a positive development for the tech industry, although concerns about the broader economic impact of high tariffs persist.
A Chinese diplomat condemned US tariffs on Chinese goods as "abusive," warning they harm global supply chains and violate trade principles. He urged the US to cease its unilateral actions, emphasizing the need for mutual respect and cooperation to foster global economic development. China remains committed to safeguarding its rights amid escalating trade tensions.
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