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China confirmed that it will impose 25% additional tariffs on $16 billion worth of imports from the United States from Aug. 23, matching an earlier move from Washington in another ratchet higher for the trade war between the nations.

U.S. President Donald Trump is pushing his trade conflict with China toward a point where neither side can back down.

The world’s two largest economies are set to slide deeper into a trade conflict July 6 that’s roiled markets and cast a shadow over the global growth outlook.

Full Truck Alliance Group, China’s biggest app for Uber-like truck services, raised $1.9 billion in funding to fuel its expansion, sources familiar with the matter said.

On Nov. 27, China’s two largest apps for delivering Uber-like services for truckers and cargo owners agreed to merge. The resulting $2 billion behemoth is likely to reduce delays, cut down on pollution and improve life for the country’s 30 million truck drivers.

Wang Gang, a backer of Yunmanman and an angel investor in ride-hailing giant Didi Chuxing, is the top candidate to become CEO if the companies merge, officials said, asking not to be identified because the information is private.

Harassing phone calls, spam text messages and police investigations — the fight between China’s Uber-for-trucks apps is getting nasty.

Caterpillar Inc. is strengthening its forecast for a first annual sales increase in five years, thanks largely to construction in China.

The world is leaning less on its biggest economy to sustain the global recovery, according to the International Monetary Fund.

Chinese delivery company SF Holding said it has obtained a landmark license from the country’s military authorities to use drones to deliver commercial packages and was conducting the country’s first drone pilot demonstration zone.