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Global trade has changed significantly over the past few years, said Joseph Ngai, chairman of McKinsey China, in an interview with CGTN. He highlighted that South-South trade is now growing rapidly vis-a-vis the previous East-West mainstay.
<img src='https://news.cgtn.com/news/2025-08-02/U-S-consumers-hit-with-highest-tariffs-since-1934-Yale-study-finds-1FvYaUf4KJi/img/54c680627e2a4603b4a2904ce7e73f89/54c680627e2a4603b4a2904ce7e73f89.png' alt='A customer shops at a store in Miami Beach, Florida, U.S., April 3, 2025. /VCG' The overall average effective tariff rate on imported goods in the U.S. has reached 18.3 percent by July 31, 2025, the highest level since 1934, according to latest estimates of the Budget Lab at Yale University on Friday. […]
Dubai Chambers launched the first international edition of “Dubai Business Forum – China” under the theme “China, Dubai and Beyond: Igniting Global Trade and Investment” in Beijing on Wednesday. Why was Beijing chosen as the first stop? CGTN’s Zhu Zhu spoke to Mohammad Ali Rashed Lootah, president & CEO of Dubai Chambers, for more insights.
<img src='https://news.cgtn.com/news/2024-09-07/Drone-operators-help-boost-low-altitude-economy-1wHR3Qd1udq/img/3a003feed9e44a019ffe2bbaef53edbe/3a003feed9e44a019ffe2bbaef53edbe.png' alt='Drones transporting tea from a plantation in Ganzhou City, east China's Jiangxi Province. /CMG' Editor’s note: CGTN presents “New Trends,” which explores new trends among Chinese people as well as their underlying causes. We focus on the impacts of China’s reform and opening up, emphasizing the modernization strategies outlined by the Third Plenary […]