economic involution

  • China Urges Its Companies to Avoid Price Wars in US Market to Maintain Fragile Trade Relations

    China Urges Its Companies to Avoid Price Wars in US Market to Maintain Fragile Trade Relations

    Sep 25, 2025 03:54 pm CST

    China's Commerce Minister Wang Wentao has called on Chinese companies operating in the United States to refrain from price wars, signaling Beijing's intention to preserve the recent trade truce with Washington. This directive comes amid ongoing economic consultations between the two nations, with both Presidents Xi Jinping and Donald Trump expressing optimism about future cooperation despite lingering concerns over fair market access and export restrictions.