China vows to stay ‘safe and promising land’ for foreign investment

China’s Vice Commerce Minister Ling Ji promised to protect US firms despite imposing 34% retaliatory tariffs against similar US levies. During a meeting with American company representatives including GE Healthcare and Tesla, Ling claimed the tariffs aim to bring the US “back onto the right track” of multilateral trade. China also implemented export controls on seven rare earth elements. The trade tensions triggered widespread selling in Asian markets, with tech giants like Alibaba and SoftBank experiencing significant losses.READ FULL