May 8, 2025

Xi Jinping

Finance

China to increase tariffs on US goods to 125% starting Saturday, finance ministry says | World News

Beijing will impose 125 per cent tariffs on US goods from Saturday, up from the 84 per cent previously announced, news agency Reuters quoted the Chinese finance ministry said on Friday. This comes a day after the Trump administration decided to pause tariffs for 90 days on many countries, but hit China with a 145

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Investment

Tencent’s AI investment to drive long-term growth, analysts say, amid DeepSeek integration

Tencent Holdings is poised for “long-term growth” from its aggressive spending on artificial intelligence (AI) as China’s most valuable tech giant aligns its future with DeepSeek and in-house models, according to analysts. Tencent chairman and CEO Pony Ma Huateng said on Wednesday that he had talked with Liang Wenfeng, the founder of DeepSeek, and “admires”

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