China-Saudi ties, Beijing and Seoul chase defence deals: SCMP daily highlights

China-Saudi ties, Beijing and Seoul chase defence deals: SCMP daily highlights

Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing.

1. China holds dominant position in humanoid robot ecosystem: analysts

China is ahead of the West in terms of the scale of its humanoid robot industry, controlling more than half of the top listed companies despite lagging in technology for a key part, according to a report by US investment bank Morgan Stanley.

2. In Saudi Arabia, China pushes for a new global financial consensus

China’s central bank governor offered to deepen cooperation with emerging economies on a series of issues and to help them gain a greater voice in global financial governance during a series of speeches in Saudi Arabia.

3. Will Trump’s bureaucracy overhaul free up resources for US to compete with China?

Illustration: Lau Ka-kuen

Over the past six decades, the United States Agency for International Development, or USAID, has been Washington’s most valuable soft power tool. But after Donald Trump started his second term as president with an order to shut down USAID and freeze most foreign aid for a 90-day review, those soft power efforts have come to a crashing halt.

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