Treasury Secretary Scott Bessent said Beijing has a choice on whether or not to be a dependable partner with the rest of the world, reiterating that China needs to shift to a more consumption-led economy to help ease global imbalances.

Treasury Secretary Scott Bessent said Sunday that China is withholding critical minerals it agreed to release in a trade deal the country signed with U.S. negotiators last month in Geneva. "What China is doing is they are holding back products that are essential for the industrial supply chains of India,

Bitcoin ticks up as Trump, Xi prepare for trade talks on critical minerals, Bessent slams China’s supply chain tactics.

Chinese manufacturing activity in May experienced its fastest decline since September 2022. The PMI index, which gauges the economic health of China's industrial sector, was 48.3 points in May compared to 50.

A private gauge of China’s manufacturing activity tumbled into contraction in May, as tariffs continue to weigh despite a trade truce with the U.S.

China has grappled with entrenched deflationary pressure, as a prolonged real estate downturn and job insecurity hampered investment, consumer spending.

Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.

Donald Trump’s combative trade policies have tipped the world economy into a downturn, with the US among the hardest hit, the OECD said.