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China Rebukes New Iran-Linked Tariffs, Trump Ramps Up Rhetoric

中国谴责与伊朗相关的新关税,特朗普加大言辞攻势

2026-01-14 浏览


Chinese officials rebuked the Trump administration's announcement of 25 percent import tariffs on any country doing business with Iran. China is among countries that trade with Iran. Chinese Foreign Ministry spokesperson Mao Ning said tariff wars have no winners and China will firmly protect its legitimate and lawful interests. Liu Pengyu, a spokesperson at the Chinese Embassy in Washington, said "protectionism harms the interests of all parties." Zhu Yongbiao, executive director of the Research Center for the Belt and Road at Lanzhou University, said the latest US tariff measures solidity the international image of the US as a country "arbitrarily abusing power and provoking geopolitical conflicts."

OPEC member Iran is a major oil exporter. Crude oil prices rose 2.5 percent after the tariff announcement.

US President Donald Trump told Iranian protesters in a social media post that "help is on the way" and they should keep protesting. He also said "all meetings with Iranian officials" have been canceled. Global Times, citing Reuters, said estimates of those killed has approached about 2,000 since unrest erupted across Iran more than two weeks ago over the skyrocketing cost of living. Trump has threatened military intervention against the Islamic Republic. Iranian security chief Ali Larijani said in an online post that it is the US and Israel who are the "main killers" of the Iranian people.
 
来源: Shanghai Daily  



Which Way Is the Wind Blowing? China AI Will Tell Investors

风向如何?中国 AI 将为投资者指路

2026-01-14 浏览


When the weather can't make up its mind, a new AI model in China can help stock market investors make up theirs. The China Meteorological Administration announced the development of an artificial intelligence model designed to analyze the impact of weather patterns on financial markets, potentially a tool in climate risk management, Xinhua reported. The model, called Shangji, or Stock, was jointly developed by the state agency and Fudan University in Shanghai. Its core function is to assess how meteorological factors influence asset pricing, identifying industries highly sensitive to weather conditions, such as wind and solar power, petrochemicals, construction and agriculture. The model is also aimed as a risk control tool for banks and insurers. The team that developed the model are working on the addition of bond and futures markets.  
来源: Shanghai Daily  



Alibaba's Qwen Tops Global Downloads

阿里巴巴的通义千问(Qwen)全球下载量居首

2026-01-14 浏览


Alibaba's Qwen family of artificial intelligence models recorded 700 million downloads on the Hugging Face AI platform so far this month, making it the most popular open-source AI system worldwide, Xinhua news agency reported, citing the Qwen team. Hugging Face data show that Qwen overtook similar large language models from Meta, DeepSeek, OpenAI, Mistral, Nvidia, ZhipuAI, Moonshot and MiniMax in December. In 2023, Alibaba was the first major Chinese tech company to open-source its Qwen models, which cover both text and multimodal tasks and support 119 languages.  
来源: Shanghai Daily  



China, EU Announce Steps to Resolve Car-Tariff Dispute

中国与欧盟宣布采取措施解决汽车关税争端

2026-01-13 浏览


China and the EU announced steps to resolve a longstanding dispute over European import tariffs on China-made electric cars. According to a jointly released "guidance document," the agreement essentially would allow Chinese carmakers to avoid EU tariffs as high as 35 percent by committing to minimum prices for every model earmarked for sale in Europe. Tariff relief would also take into account Chinese auto investments on the continent. Brussels imposed the tariffs in October 2024 to protect the EU auto industry from lower-cost Chinese imports that it said were subsidized by Beijing. Despite tariffs, Chinese automakers captured a record 13 percent of Europe's electric-vehicle market in November, according to researcher Dataforce. The Chinese Ministry of Commerce, which has long called the tariffs unjustified and disproportionate, hailed the agreement with the EU as an important step forward, reflecting "the spirit of dialogue and a willingness to resolve differences through consultation."  
来源: Shanghai Daily  



Fed Chair Under Federal Criminal Probe

美联储主席正接受联邦刑事调查

2026-01-13 浏览


US Federal Reserve Chairman Jerome Powell said he is under federal criminal investigation related to testimony he gave last June to the Senate Banking Committee. He said the legal action is payback from President Donald Trump for his opposition to deeper interest-rate cuts and he won't be intimidated by political pressure. The testimony in question related to information on the Fed's US$2.5 billion project to renovate the historic Fed headquarters building, Powell said. Trump has previously accused Powell of mismanaging the project, which the president described as too costly and ostentatious. Powell's term as Fed chairman expires in May, but his tenure on the Fed board of governors doesn't lapse until the end of 2026. Ironically, it was Trump who appointed Powell as Fed chair in 2019. The S&P 500 stock index in New York shrugged off the news to close at a new record high, but US Treasury bond yields rose on concerns about risk to the Fed's independence, with 10-year debt up 0.01 percentage point at 4.187 percent.  
来源: Shanghai Daily  



Investors Bet on End to China Food-Delivery War

投资者押注中国外卖大战将迎来结束

2026-01-13 浏览


Hong Kong shares of the three big rivals in China's fast food-delivery sector – Alibaba, Meituan and JD.com -- rose after Beijing announced yet another attempt to rein in a price war that has eaten into profits. Although the three companies in the past have said they will comply with directives to cool their intense battle for customers, none has seemed willing to be the first to change its practices. The State Administration for Market Regulation on Friday said it is launching a probe into competition practices in the sector, which have included costly discounting, promotions and merchant incentives. Meituan, the market leader in promising delivery of food within an hour of ordering, admitted last year that "irrational competition" in its fast-food delivery battle led to its first quarterly loss in three years. Its shares in Hong Kong rose 6.6 percent on Tuesday as investors bet that the new clampdown will raise margins. Alibaba gained 5.3 percent, and JD gained 2 percent.  
来源: Shanghai Daily  



Chinese Academic Warns Against US Intervention in Iran

中国学者警告美国不要干预伊朗事务

2026-01-12 浏览


Lu Xiang, a research fellow at the Chinese Academy of Social Sciences, warned of "significant impact" if the US military intervenes in Iran, the Global Times reported on Sunday. "If strikes were launched against Iran, Iran would certainly retaliate in the most intense manner," he said, adding that it would create serious regional tensions after a period of relative calm. US media said US President Donald Trump has been briefed on options for attacks in Iran, including strikes on nonmilitary sites in Tehran. Trump has been threatening to intervene amid protests in the country triggered by the soaring cost of living.

China's Xinhua news agency, citing Iran state media, said at least 109 members of Iran's security forces have been killed in clashes since the protests began 14 days ago, and noted that human-rights groups outside the country put the number of protesters killed at 200 or more, though this figure could not be independently verified.

On Sunday, Trump posted on his social media site: "Iran is looking at freedom perhaps like never before. The USA stands ready to help." Iran's supreme leader Ali Khamenei urged Iranian citizens to maintain unity and blamed the US for inciting the demonstrations. Iranian President Masoud Pezeshkian, in a Sunday televised interview, said his government is prepared to address the economic grievances driving the protests but warned that "rioters" will not be tolerated.
 
来源: Shanghai Daily  



US Tells Americans to Leave Venezuela

美国要求本国公民离开委内瑞拉

2026-01-12 浏览


The US urged any of its citizens living in Venezuela to leave the country immediately, amid reports of armed paramilitary groups setting up roadblocks to search for Americans a week after the US attacked Venezuela, captured its president Nicolas Maduro and took over the oil industry. The volatile situation in the country is among concerns raised by US oil executives who met President Donald Trump at the White House on Friday and were non-committal toward his claim that they will spend US$100 billion to rebuild Venezuela's oil industry, battered by years of decaying infrastructure and mismanagement. Exxon Mobil Chief Executive told Trump Venezuela is currently "uninvestable." Though Maduro is gone, the remainder of his regime remains intact in Caracas.

Separately, Trump turned his sights on Cuba, saying no more Venezuelan oil or money will go to the island and Havana needs to "make a deal with the US before it's too late." Caracas has long been a backbone of support for Cuba, which is under a longstanding embargo by Washington. Cuban President Miguel Diaz-Canel rejected Trump's threat.
 
来源: Shanghai Daily  



China Launches Rare Earth Price Index

中国发布稀土价格指数

2026-01-12 浏览


China's first comprehensive rare earth price index was launched on January 9, marking a step toward greater pricing transparency in the strategic materials market. The index, released by the Baotou Rare Earth Products Exchange, is based on transaction data from its own trading platform, combined with verified commercial trade data. It covers major rare earth that include lanthanum, cerium, praseodymium and neodymium, which are widely used in high-tech manufacturing and clean energy applications. The launch comes as rare earth prices continue to edge higher. On Friday, the Baogang Group and China Northern Rare Earth Group both announced plans to raise first-quarter prices for rare earth concentrates by 2.4 percent, the sixth consecutive increase since the third quarter of 2024.  
来源: Shanghai Daily  



US to Withdraw From Climate Change Cornerstone

美国将退出气候变化核心协议

2026-01-09 浏览


The Trump administration is pulling the US out of the bedrock treaty that underpins international cooperation on climate change, CNN reported. It would be the first country to withdraw from the 1992 UN Framework Convention on Climate Change, ratified by almost every nation. The convention doesn't set limits on use of fossil fuels but establishes a common goal of addressing pollutants that affect climate. It set the stage for subsequent years of climate summits that produced the Kyoto Protocol in 1995 and the Paris Agreement in 2015. The White House announced that the US will withdraw from 66 UN and international organizations, identifying them only as major forums related to climate change, peace and democracy.  
来源: Shanghai Daily  



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