BEIJING
China says ready to 'expand practical cooperation' with Russian army
China has expressed its readiness to enhance practical cooperation with the Russian army, following President Xi Jinping's visit to Moscow. This move aims to deepen strategic mutual trust and communication between the two nations, contributing to global strategic stability. Both countries stand firm against "hegemonic bullying," signaling closer ties amidst international scrutiny over Russia's actions in Ukraine.
How Trump's man in Beijing swung from trade globalist to China hawk
David Perdue, the new U.S. ambassador to China and a close ally of former President Trump, arrives in Beijing aiming to restore U.S.-China communication following a recent trade truce. A former trade advocate turned China hawk, Perdue is expected to focus on economic diplomacy, fentanyl control, and reducing tariffs.
Colombia joins Belt and Road initiative as China courts Latin America
Colombia joined China's Belt and Road Initiative. This happened during a regional leaders' meeting in Beijing. President Xi Jinping wants to improve cooperation with Colombia. Gustavo Petro, Colombia's President, sees this as a change in foreign relations. The Belt and Road Initiative helps China expand its global influence. China also pledged billions for development at the China-CELAC Forum.
US reverses Biden-era export controls on advanced AI chips
The United States has withdrawn a planned AI chip export control rule, originally set to limit access for certain countries. The decision, made by the Trump administration, followed backlash over potential diplomatic strain and harm to innovation. Chipmakers welcomed the move, while Washington reaffirmed restrictions on aiding China’s AI development.
China, US to lift sweeping tariffs in trade war climbdown
The United States and China will lift sweeping tariffs on each others' goods for 90 days on Wednesday, after a temporary ceasefire in a brutal trade war that roiled global markets and international supply chains. Under the deal, the United States agreed to lower its tariffs on Chinese goods to 30 percent while China will reduce its own to 10 percent -- down by over 100 percentage points.
Beijing’s Pakistan stand deepens India-China divide, clouding Haier and PLI-linked JV deals
Indian firms anticipate stricter regulations for partnerships with Chinese companies due to China's support for Pakistan. This situation casts doubt on pending deals, including Haier's stake sale in its Indian operations. Government officials suggest Chinese entities will only be allowed small stakes in JVs under the PLI scheme for critical components, potentially impacting investment plans.
Chinese foreign ministry official meets Indian Ambassador
Amidst the India-Pakistan military conflict, China's Director General of the Department of Asian Affairs, Liu Jinsong, engaged in discussions with Indian Ambassador Pradeep Kumar Rawat, focusing on bilateral relations and shared concerns. China expressed its hope for the continuation of the ceasefire momentum between India and Pakistan, welcoming the recent developments. The meeting underscores China's interest in regional stability.
Trump hails 'total reset' with China but doesn't give Beijing tariff relief on cars, steel, pharma in trade deal
US President Donald Trump announced a "total reset" in trade relations with China following a temporary tariff truce. The agreement involves both nations reducing tariffs for 90 days to facilitate further negotiations, with the US scaling back duties on Chinese goods to 30% and China lowering tariffs on American imports to 10%.
US tariff pause on Beijing puts pressure on 'China-plus-one' countries
A U.S.-China tariff pause is pressuring manufacturing hubs like Vietnam and Mexico to secure better trade deals with the U.S. to maintain their "China-plus-one" advantage. While the pause offers China a reprieve, uncertainty persists, potentially delaying multinational corporations' investment decisions.
China's army of food delivery drivers get by with help from discount 'loving meals'
In China's bustling cities, a compassionate movement called "aixincan" offers discounted meals to those in need, particularly migrant workers. Food delivery drivers, facing long hours and economic pressures, find these meals both practical and economical. Restaurants like Yushiji and Doornail Meat Pie participate, providing sustenance and a sense of community to marginalized individuals navigating urban life.
China's AI-powered humanoid robots aim to transform manufacturing
The importance of humanoid robots to Beijing, as it looks for solutions to pressing issues including trade frictions with the US, population decline, and slowing growth, was underscored when Chinese President Xi Jinping inspected AgiBot's robots in Shanghai last month. Xi jokingly remarked during the visit that perhaps the machines could play in a football team.
Will Trump again increase tariffs on Chinese goods if US-China fail to make a deal? Check details
After US and China agreed to a deal that will significantly cut the import tariffs, US President Donald Trump expressed confidence and said he doesn't see US tariffs on China imports rising back to 145 percent. He asserted that US and China will reach a deal. The President also said he would speak to Chinese President Xi Jinping maybe at the end of the week. He said US tariffs on goods imported from China could still return.
Is US-China trade war over or tariff cuts may be just a temporary fix? All your FAQs answered
The US and China have agreed a deal that will significantly cut the import tariffs they have imposed on each other, in a major de-escalation of their trade war. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days. The announcement came after the two countries held talks in Switzerland.
US-China trade deal talks: Donald Trump or Beijing - who is the winner between world's top two economies?
US-China trade talks in Geneva are being followed globally as the world's top economies are trying to find a middle path.
Washington 'optimistic' amid trade talks with China
US and China held talks in Geneva to ease trade tensions. The discussions followed President Trump's tariffs, which sparked retaliation from Beijing. US officials expressed optimism after the meetings. Both sides aimed to de-escalate the situation, not reach a major deal. Experts remain skeptical about a return to normal trade relations. China's exports rose despite the trade war.
China ready to play 'constructive role' with India, Pakistan: Xinhua
Chinese Foreign Minister Wang Yi conveyed Beijing's support for a ceasefire between India and Pakistan. Wang Yi spoke with Pakistan Foreign Minister Ishaq Dar and India's National Security Advisor Ajit Doval. He expressed concern over potential conflict escalation, given China's shared borders. Wang Yi urged both nations to maintain calm and restraint.
Chinese companies line up to sell 'innovation bonds', capitalising on Beijing's technology push
China launched "sci-tech innovation bonds" for financial firms to boost tech self-sufficiency amid US rivalry. Backed by central and local government support, over 100 firms may raise 300 billion yuan. However, some funds may go to general refinancing, not direct tech investment.
Chinese companies line up to sell 'innovation bonds', capitalising on Beijing's technology push
Chinese banks, brokerages and private equity firms are among companies kicking off plans on Thursday to sell so-called sci-tech innovation bonds.
Did one of China's all-weather allies backstab it? Beijing arrests North Korean spy, accuses him of stealing drone technology
China's arrest of a North Korean spy for allegedly stealing drone technology signals rising tensions between the two nations. This action reflects Beijing's concerns over regional stability and diminishing influence as Pyongyang strengthens ties with Moscow. The incident challenges the image of a strong alliance, revealing a potential shift in the dynamics between the two communist neighbors.
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