President Trump’s policies are straining trade ties and challenging a long-held truth in China about the centrality of the U.S. market.

The state-owned automakers, longtime joint venture partners of Ford and Nissan, might combine operations as Beijing consolidates its sprawling car sector.

Activity in China’s manufacturing sector expanded last month at the fastest pace since November, mainly because both domestic and overseas demand strengthened, according to the findings of a widely watched private survey.

Factories around the world, from Japan to Britain to the United States, saw activity slump in March as businesses braced for new U.S. tariffs, though some saw a bounce in the race to get goods to customers before the new measures hit,

China's factory activity expanded modestly for a second straight month in March, an official survey showed on Monday, adding to a string of recent indicators pointing to continued recovery for the world's second-largest economy.

The results were more upbeat than the findings in an official survey released Monday that showed manufacturing expanded at the fastest pace in a year.

China's manufacturing activity expanded at the fastest pace in a year in March, an official factory survey showed on Monday, in a positive sign for

Merchants purchase goods at China Yiwu International Trade City, in Jinhua, Zhejiang Province, on Feb. 9, 2025. Editor at Large Christmas comes early to Yiwu, a bustling entrepôt just a couple hours by train from China’s coastal megacity of Shanghai.

My visit included a full day at NIU’s factory, starting in the showroom to see a range of the company’s products. NIU essentially has two main markets: the local Chinese market and everywhere else in the world.