China’s suspension of sweeping rare earth export controls has lent “new stability” to its ties with the European Union, the bloc’s ambassador to China has said, suggesting that the two sides now have a window to improve frosty relations. Speaking at a forum in Beijing on Thursday, Jorge Toledo initially offered a bleak assessment of…
The US-China rivalry has long been cast as a contest between two superpowers, with one rising and the other defending its primacy. This competition has been largely measured in GDP growth, military spending and the number of aircraft carriers and alliances each side could marshal. The central criteria is “who holds power” or “who has…
WASHINGTON — Congress should set in motion a sweeping initiative to ensure that the United States can stay ahead of China’s rapid development of dual-use quantum technologies and artificial intelligence, urges the US-China Economic and Security Review Commission in its latest annual report. “Whoever leads in quantum (and artificial intelligence) will control the encryption of…
Lawmakers are accelerating efforts to restrict China’s access to powerful US artificial intelligence chips as the top two economies compete for global dominance of the transformative technology. A bipartisan group of senators Thursday introduced a resolution that seeks to affirm American leadership in AI as a national imperative and support US export controls on AI…
By David Lawder WASHINGTON (Reuters) -U.S. President Donald Trump and Chinese President Xi Jinping on Thursday took steps to de-escalate their trade war, swapping some U.S. tariff reductions and tighter export controls for a pause in Beijing’s new restrictions on rare earth minerals and magnets and a resumption of its purchases of American soybeans. The…
President Trump and his team have buoyed markets in recent days with details about what they describe as a framework of a trade deal with China, which the president will look to finalize Thursday during a high-stakes summit in South Korea with Chinese President Xi Jinping. A question heading into the talks is perhaps what…
HONG KONG (AP) — China’s ambition to challenge Boeing and Airbus with its own homegrown passenger jet is running into turbulence, with deliveries of finished aircraft likely to fall far short of its target announced for this year. The C919 jet — a single-aisle passenger plane aiming to rival Boeing’s 737 and Airbus’ A320 –…
Trade tensions between the U.S. and China appear to have cooled, just days ahead of a meeting between President Donald Trump, who arrived in Malaysia on Sunday for the Association of Southeast Asian Nations (ASEAN) summit, and Chinese President Xi Jinping, with both sides saying they were close to a potential agreement. If a trade…
By Xinghui Kok KUALA LUMPUR (Reuters) -Top economic officials from the U.S. and China will face off in Kuala Lumpur on Saturday to try to avert an escalation of their trade war and ensure that a meeting happens next week between U.S. President Donald Trump and Chinese President Xi Jinping. The talks on the sidelines…
French President Emmanuel Macron told European Union leaders to consider using the bloc’s most powerful trade tool against China if they aren’t able to find a resolution to Beijing’s planned export controls on critical raw materials. France’s President Emmanuel Macron speaks during a press conference as part of the European Council meeting gathering the 27…