By Xinghui Kok KUALA LUMPUR (Reuters) -The second day of trade talks between the U.S. and China was paving the way for a “productive meeting” between President Donald Trump and President Xi Jinping, Washington’s top trade envoy said in Kuala Lumpur on Sunday, raising hopes of a deal between the world’s two largest economies. U.S….
President Donald Trump will look to sign economic agreements and critical minerals deals with trading partners during his trip to Asia, according to senior US officials, as the administration moves to ramp up pressure on China ahead of a crucial meeting with Xi Jinping. Trump will look for deals that will help unlock the region’s…
China is in talks with Japan and South Korea – both US allies – about a possible trilateral currency swap to bolster the region’s financial safety net and deepen economic cooperation amid US President Donald Trump’s trade war, according to a source familiar with the issue. Pan Gongsheng, governor of the People’s Bank of China…
US President Donald Trump’s latest threat of an extra 100 per cent tariff on Chinese goods has left exporters in China on edge, with many scrambling to ship their products before the tariffs take effect. Some hope that the tariffs might be lifted at the last moment, as has happened with previous measures, but most…
China’s clean technology is “becoming the basis of the new energy system” around the world, with the country’s monthly green tech exports hitting a record US$20 billion in August, a European think tank said. As China brings down the prices of technologies like batteries and photovoltaic solar panels, sales are surging in countries across Southeast…
Beijing and Manila struck a rare conciliatory tone, downplaying their simmering maritime tensions in the South China Sea during a farewell meeting on Thursday between President Ferdinand Marcos Jnr and outgoing Chinese envoy Huang Xilian. The South China Sea issues “are not the sum total” of relations between the two neighbours, the Philippine leader told…
Hong Kong has jumped five places to fourth overall in a global talent ranking – its highest position ever. The news coincided with the SCMP Hong Kong-Asean Summit, where Chief Executive John Lee Ka-chiu called for the city’s ties with partners such as the Association of Southeast Asian Nations to be bolstered. The coincidence is…
China switched on 21 gigawatts of new coal power capacity in the first half of this year, the highest since 2016, according to a recent energy report. This came after electricity demand hit a historic high in July, driven by extreme heatwaves. Hydropower faltered, and coal plants were fired up to meet the load. At…
The warming of ties between India and China appears to be accelerating. Both burned by US President Donald Trump’s tariffs on their exports, the world’s most populous nations took a major step last week to move beyond a deadly 2020 border clash by agreeing to redouble efforts to settle such disputes, which date back to…
Hong Kong’s commerce and economic development chief will visit Singapore next week in his latest global charm offensive to bolster bilateral trade ties as he described the city state as “a friend” rather than “a rival”. Secretary for Commerce and Economic Development Algernon Yau Ying-wah told the Post in an exclusive interview that he would…