Stella Yifan Xie
@yifanxie
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Correspondent at Nikkei Asia. Previously with The Wall Street Journal; Marketplace. Also avid open water swimmer. Reach me at: [email protected]
Hong Kong
Joined December 2008
I hesitate to call any piece FT piece “important” because it sounds self important BUT this by @RobinBHarding is genuinely important. And I think will have a big impact
ft.com
Europe has nothing to offer and difficult decisions to make
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EU's von der Leyen eyes rare-earth mining with Japan https://t.co/APP34Hn8Cj via @NikkeiAsia
asia.nikkei.com
Deep collaboration needed to 'shape global rules on trade' as tensions grow, she says
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Why China's consumption boost has fallen flat https://t.co/Ud4hiVeuk0 via @NikkeiAsia
asia.nikkei.com
Housing slump, debt and job market woes drag down consumer confidence, economists say
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We Warned About the First China Shock. The Next One Will Be Worse.
nytimes.com
The Trump administration is fighting the last war while China marches toward dominating the industries of the future.
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Trump envisions China trip with dozens of CEOs. Scoop by @kenmoriyasu
asia.nikkei.com
US switches from policy of escalation to a managed de-risking over time
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How red tape amplified China's rare earth disruptions https://t.co/OabvAEZQdy via @NikkeiAsia
asia.nikkei.com
Export curbs brought more paperwork and delays than expected, industry says
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China tariffs will push up US prices in coming weeks, manufacturers warn https://t.co/ZJBeyiXq0o via @NikkeiAsia
asia.nikkei.com
Trump's trade war hits makers of goods ranging from clothing to highchairs
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How much would Japan need to increase its imports of cars, rice or corn to eliminate its trade surplus with the U.S.? It's an interesting, if unrealistic, thought experiment. - Japan would need to buy around 965,000 more vehicles. Japan imported roughly 13,000 passenger cars --
asia.nikkei.com
Exporting less and importing more could shave Japan's GDP by 1.4% in one estimate
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US-China trade war truce: 5 things to know https://t.co/Fta458nJgi via @NikkeiAsia
asia.nikkei.com
Tariff rollback shows Washington constraints and offers exporters reprieve
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The agreement is a drastic climbdown from sky-high bilateral tariffs that both had slapped on each other in multiple rounds since April 2 that have roiled global financial markets and triggered a near stand-still in goods trade between the two giants.
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China weighs excluding some US products from trade war tariffs
asia.nikkei.com
AmCham says members asked about vital imports; Beijing Politburo offers no new stimulus
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It is a great honor and privilege to immerse myself in the world of business and economics at Columbia University. I look forward to embarking on this journey alongside my amazing fellows this fall.
We're excited to announce the 2025-26 Knight-Bagehot fellows. Congrats @aronczyk, @ByKyleCampbell, @suzannahcav, @aishagani, @esmyjimenez, @AKMcGlinchy, @saahilmenghani, @robaeprice, @stlbiznrubbelke, @yifanxie Full list and bios at
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An examination of the records of China's top universities show only 15% to 20% of the students who graduate these days find jobs, down from 30% in 2013. The trade war is expected to cause it worse. But never mind the economic cost.
“Economic weakness, however, isn’t deterring Xi from hardening his position toward the U.S. That’s because Xi adamantly believes that ‘the East [meaning China] is rising, and the West [meaning the U.S.] is in decline.’” @Lingling_Wei
https://t.co/QuiKW4C06n
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Chinese customs clearance services likely to keep effective US import tariff rate far below 145%. @yifanxie & @pakwayne look into the grey areas they exploit https://t.co/5uTZJw2Rug
asia.nikkei.com
One-stop services help merchants sidestep duties, including by undervaluing goods
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Hunter Clark, an economic policy adviser at the Federal Reserve Bank of New York, estimated that underreporting coupled with surging de minimis shipments resulted in at least $100 bn in "missing imports" in U.S. data in 2024, "virtually all of which can be attributed to China."
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Economists from Goldman Sachs found that the tariffs Trump imposed on China during his first term led to evasion worth up to $110 bn to $130 bn in 2023, with underreporting and mislabeling each contributing $40 bn and rerouting accounting for $30 bn to $50 bn.
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A manager at a Shenzhen lighting manufacturer said he does not know what duties are being paid on their products. He suspects the $240 outdoor Christmas lights the company sells on https://t.co/Ae2a46UETE are being undervalued when they pass through customs.
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For many smaller Chinese merchants, Trump's tariff blitz barely made a difference. Why? Thanks to the "gray-market" customs clearance service available to them: https://t.co/de9FKyQqCu via @NikkeiAsia
asia.nikkei.com
One-stop services help merchants sidestep duties, including by undervaluing goods
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China retaliates against Trump with 34% tit-for-tat tariff- China hits back hard this time.
asia.nikkei.com
Beijing blacklists more U.S. companies as trade war escalates
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Scooplet: China's BGI Genomics loses access to Microsoft's office software w/@cissy_chow
asia.nikkei.com
U.S. tech giant's license with Huawei recently lapsed
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