China stands to gain from the ongoing trade wars between the US and its allies, the European Union’s foreign policy chief Kaja Kallas said in an interview with Bloomberg Television.“Who is laughing on the side or looking at the side is China,

China on Thursday urged Washington to engage in a "dialogue" with Beijing on how to resolve President Trump's spiralling trade war and geopolitical tensions.

China is stuck in its longest deflation crisis in decades, and the numbers keep getting worse. Prices across the country have been falling for two straight years, and analysts say 2025 could be the third.

New tariffs could cut the country's steel exports by as much as one-fifth in the coming months, S&P Global predicts.