According to newly released data, China has executed a critical and major shift in how it gives out loans to others. The direction of the loan flow from China has changed markedly, and the name of its biggest current recipient is raising many eyebrows in the world of international credit financing. China is now directing … Read more
As President Donald Trump has imposed steep tariffs on China, American importers are buying much less. But the rest of the world is making up the difference, buying more from China than ever. China has offset the decline from America with breathtaking speed. Shipments to other parts of the world have surged this year, demonstrating … Read more
President Donald Trump hosted leaders of five Central Asian countries at the White House on Thursday as he intensifies his hunt for rare earth metals needed for high-tech devices, including smartphones, electric vehicles and fighter jets. Trump and the officials from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan held bilateral meetings in the Oval Office before … Read more
Chinese President Xi Jinping took centrestage at a meeting of APEC leaders on Saturday to push a proposal for a global body to govern artificial intelligence and position China as an alternative to the United States on trade cooperation. The comments were the first by the Chinese leader on an initiative Beijing unveiled this year, … Read more
new video loaded: How the Trump-Xi Meeting Eased a Major Trade War President Trump and China’s leader Xi Jinping just had a highly anticipated meeting in South Korea. David Pierson, a New York Times foreign correspondent covering China, breaks down what they accomplished and how they de-escalated a major trade war. By David Pierson, Christina … Read more
China faces a confluence of strategic opportunities and challenges amid rising uncertainties and should “firmly grasp the strategic initiative,” President Xi Jinping said during a meeting on Beijing’s new five-year plan, state media reported on Friday. China should strive for breakthroughs in key technologies, Xi added, according to the official Xinhua news agency. The meeting … Read more
Asian stocks opened higher Friday as a planned meeting between Donald Trump and Xi Jinping eased nerves around trade tensions. Oil prices edged lower ahead of US inflation data. An MSCI gauge of Asian shares was up around 0.3% at the open, following a move higher on Wall Street on Thursday. Shares in Intel Corp … Read more
U.S. President Donald Trump said on Monday he expects to reach a fair trade deal with Chinese President Xi Jinping and downplayed risks of a clash over the issue of Taiwan, even as his top trade negotiator accused Beijing of engaging in “economic coercion.” Trump suggested to reporters that China had no designs on invading … Read more
China’s Communist Party leadership will begin a four-day, closed-door meeting on Monday to chart the country’s economic policy for the next five years, seeking to sustain its ascent at a time of mounting trade tensions with the U.S. Beijing is likely to release an outline of its next five-year plan after that meeting, but the … Read more
For months, bubbling trade tensions between China and the US seemed to calm to a simmer, with words like “thaw” and “truce” swapped in for warnings of economic “war.” Now, hostilities appear to be returning to full boil. A series of tit-for-tat moves this week by the two superpowers has thrust trade hostilities back in … Read more