China diversifies market amid global trade volatility

Quick Summary:

CHINA will step up market diversification and reduce reliance on the United States market, as Washington's volatile tariff policy has become a major source of global economic uncertainty, officials and exporters said on Monday.

The EU is ready to strengthen communication with China and promote expanded two-way market access, investment and industrial cooperation, according to the Ministry of Commerce.

The US' unwarranted imposition of tariffs has trampled on the legitimate rights of many countries and disrupted normal trade flows, they said, adding that these countries are now seeking to strengthen trade ties elsewhere to reduce their exposure to US-driven volatility.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

Topics: Belt and Road Initiative Economy Tariffs US European Union Diversification /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 14:25:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 583 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 27908387

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Official Website: thestar.com.my

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