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China’s new economic model is putting the future of Asia’s Gen-Z at risk. The continent is home to some of the world’s most trade-oriented economies that rode globalization to lift the lives and livelihoods of hundreds of millions. But it’s now being hit by a double whammy: an export base that has come under pressure from a flood of cheap goods from China, unquestionably the region’s dominant power, and US President Donald Trump’s trade war.It is frustrating a generation already struggling with stagnant wages and soaring living costs.

Subscribe to enjoy similar stories. LONDON—President Trump’s crackdown on Chinese imports in the U.S. has redirected a tsunami of cheap stuff into Europe.

Subscribe to enjoy similar stories. Beijing’s bid for AI supremacy has been hobbled by a reliance on imported semiconductors. To fix that, it is tapping homegrown startups as it looks for the DeepSeek of chip making.

Mint breaks down how Beijing managed this feat and what it means for India and the world economy.China’s outbound shipments have proved remarkably resilient. In the first 11 months of 2025, exports grew 5.7% even with average US tariffs at 47.5%. Sales to the US slumped 18%, but Chinese manufacturers more than made up for it elsewhere: exports to Europe climbed 9%, while shipments to Southeast Asia and Africa surged 15% and 27%, respectively.Largely, yes.

Subscribe to enjoy similar stories. BEIJING—The head of the International Monetary Fund warned China that its dominance over manufacturing risks exacerbating global trade tensions, urging Beijing to take far greater action to shift its economy toward domestic consumption. “As the second largest economy in the world, China is simply too big to generate much growth from exports," said IMF Managing Director Kristalina Georgieva on Wednesday.

Subscribe to enjoy similar stories. IN 1995, DURING a golden age for globalisation, a business professor from Berkeley coined a cheering term: “the California effect". When companies in wealthy markets face new competition from foreign rivals, argued David Vogel in his book “Trading Up: Consumer and Environmental Regulation in a Global Economy", they do not invariably lower standards, as gloomsters might predict.

China’s role as the world’s big factory isn’t weakening in the face of the US’s tariff-policy pushback. Its trade surplus is set for a record high in 2025, with exports exceeding imports by nearly $1.1 trillion in the first 11 months of the year, according to official data released on Monday, topping the trillion-dollar mark for the first time. Sure, its exports to the US slumped about 29% from a year earlier in November, but this was more than offset by export expansion to other markets.

Subscribe to enjoy similar stories. China remains one of the world’s most powerful economies, with its influence still expanding in critical sectors. Its high-tech industries continue to grow, it is pushing aggressively for leadership in artificial intelligence, and its dominance over rare-earth minerals recently helped it clinch a trade truce with Washington.

A mobility agreement allowing Indian blue-collar workers, such as those in construction, to seek employment in Russia.A naval training pact under which Russia will train Indian sailors for operations along the Arctic route. This is particularly significant, as the melting of Arctic ice opens up new shipping lanes.

Subscribe to enjoy similar stories. INSIDE BEIJING’S third ring road, Mr Li rides a scooter for FlashEx, a courier. Now in his 40s, with two school-age children, he migrated from Henan province, roughly 600km to the south.

Subscribe to enjoy similar stories. CHINESE-BORN brainiacs have long been at the forefront of innovation in America. Yang Chen-Ning, a Nobel-prizewinning physicist who died in October, was one such.

Joseph Wu was leading a delegation for a meeting known as the «special channel», the Financial Times reported earlier. It marked Trump's first use of the channel since returning to the White House on January 20. Feud around Taiwan The island nation of Taiwan has always remained a prime target for Chinese President Xi Jinping and the ruling Chinese Communist Party (CCP). However, Taiwan's Democratic Progressive Party (DPP) has shown keen interest in keeping a good rapport with the US in order to tackle Beijing, as per a report on Daily Mail. But why is Taiwan so important for both the US and China? Located in the geopolitically critical South China Sea, the island nation is barely 100 kilometres away from China's southeastern shores. The tiny island country is hub of manufacturing and technological giants. Apart from this, Taiwan occupies the key trade route of Taiwan Strait. Also, Taiwan is part of 'first island chain' which includes territories from Japan to Philippines.

Subscribe to enjoy similar stories. Beijing spent the first months of President Trump’s second term trying—and failing—to figure out the new administration’s approach to China. Officials hoping to build lines of communication with Washington had no luck.

Warren Buffett wants the world to know: he’s not cheering Donald Trump’s tariff spree. And he hasn’t said a word about it—despite what viral videos and presidential posts might suggest. Berkshire Hathaway issued a rare public statement on Friday, flatly denying that Buffett ever praised Trump’s recent economic measures. “There are reports currently circulating on social media (including Twitter, Facebook and TikTok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,” the company said. The clarification came hours after US President Donald Trump shared a video on Truth Social claiming Buffett had declared Trump was making “the best economic moves he’s seen in over 50 years.” The video, originally posted by an Instagram user called «AmericanPapaBear,» suggested Trump was “crashing” the stock market on purpose to make equities cheaper for the middle class. Trump’s repost came just as global markets were convulsing in response to his new tariffs.

In a post shared on Truth Social and later reposted on X, Trump stated that “tremendous progress” has been made in negotiations but that more approvals are required before finalizing the agreement. “The deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days,” Trump said.

Labor Party's Jerome Laxale won the Sydney seat of Bennelong from the Liberals at the 2022 election, votes from Chinese Australians angry about then-prime minister Scott Morrison's spat with Beijing were instrumental in his victory. Now Laxale and other politicians are using social media including Xiaohongshu, a Chinese lifestyle app also called RedNote, and other campaign strategies to appeal to Chinese communities who will again be a crucial bloc in the upcoming election. «If you want to communicate with your electorate, you need to go where your electorate are and some of them are on Xiaohongshu,» said Laxale, who has handed out 30,000 red envelopes with QR codes to his personal accounts on Xiaohongshu and another Chinese app, WeChat.

retaliatory measures, including steep tariffs and export controls on critical materials. The Chinese Finance Ministry has said that starting April 10, Beijing will impose additional tariffs of 34% on all US goods, adding fuel to the already fiery trade war. This comes as a direct response to Trump's recent trade actions, including reciprocal tariffs at 34% and export bans targeting Chinese firms. Meanwhile, the Commerce Ministry has said it is adding 16 US entities to its export control list, further restricting their access to Chinese markets and technologies. Additionally, 11 American firms have been placed on China’s ‘unreliable entity’ list, according to state broadcaster CCTV.

BEIJING — China's reaction to new U.S. tariffs will likely focus on domestic stimulus and strengthening ties with trading partners, according to analysts based in Greater China.

Taiwan Semiconductor Manufacturing Co (TSMC) have reached a preliminary agreement to form a joint venture to operate Intel's chipmaking facilities, tech news outlet The Information reported on Thursday. The Trump administration reportedly initiated the talks between the two semiconductor giants in an effort to revitalize Intel, which has struggled with manufacturing setbacks in recent years. TSMC was set to take a 20% stake in the new company, The Information said.

Here is what some governments said about what they would — and would not — do in response. EUROPEAN UNION European Commission President Ursula von der Leyen said the EU is finalising a package of measures in response to U.S. tariffs on steel and is «now preparing for further countermeasures to protect our interests and our businesses if negotiations fail». Trump targeted the EU with a 20% reciprocal tariff. CHINA

Here is what some governments said about what they would — and would not — do in response. Read More:Trump's 26% tariffs put pressure on India. Is New Delhi ready for the impact? CHINA China's commerce ministry said Beijing «firmly opposes» the reciprocal tariffs and «will take countermeasures to safeguard its own rights and interests,» after Trump imposed a 34% reciprocal tariff on the country. JAPAN