Nvidia CEO Jensen Huang’s surprise visit to Beijing to meet top Chinese officials this week was meant to convey the US chip giant’s commitment to China amid Washington’s tighter restrictions on semiconductor exports, analysts said. According to the official Xinhua news agency, Huang met He Lifeng, the Chinese vice-premier in charge of US-China trade talks,…
The barrage of retaliatory tariffs from China and the US could end quickly once talks start, given that both sides are open to dialogue. That was the assessment of a number of observers after an exchange of escalating duties in the past week. On Tuesday, US President Donald Trump raised levies on Chinese goods to…
China sought to reassure foreign corporate chiefs of the country’s business potential when Vice Premier He Lifeng met with the heads of Apple , Pfizer, Mastercard, Cargill and others on Sunday. He also met with pharmaceutical firm Eli Lilly, medical device company Medtronic and specialty glass maker Corning, a commerce ministry statement said. “China will…
Economic and trade connections were fundamental to China-US ties, Li emphasised. According to state news agency Xinhua, Li told the Republican lawmaker that China-US relations had reached a “new and significant juncture”, as he urged the US to abide by the “principles of mutual respect, peaceful coexistence” and cooperation. Li, China’s No 2 official, also…
The Hang Seng Index edged up 0.1 per cent to 23,495.17 at 10.05am local time, while the Hang Seng Tech Index was 0.5 per cent lower. On Friday, the indexes ended up 4 per cent and 6.5 per cent, respectively, their best trading day since October. On the mainland, the CSI 300 Index and the…
China said this weekend it was prepared to respond to a “discriminatory” United States presidential order restricting Chinese investment in critical American technology and infrastructure. On Saturday, President Donald Trump signed an “America First Investment Policy” memorandum ordering the US to “use all necessary legal instruments” to block Chinese-affiliated investments in American “technology, critical infrastructure,…
WASHINGTON — U.S. Treasury Secretary Scott Bessent traded policy complaints with Chinese Vice Premier He Lifeng on Friday, with Bessent telling Beijing to do more to curb fentanyl trafficking and rebalance its economy, and He voicing concerns about President Donald Trump’s new tariffs, the two governments said. The top economic officials from the world’s two…
Chinese state news agency Xinhua said it would deepen cooperation with Japan’s Kyodo News as Beijing aimed to create a “favourable public opinion environment” for Sino-Japanese ties. Xinhua’s president Fu Hua met his Kyodo counterpart Toru Mizutani in Tokyo on Monday. Fu said Beijing was willing to “further strengthen exchanges and cooperation” between China’s official…
On November 19, two major events unfolded simultaneously in Hong Kong which highlighted the paradox of this once-great but now-confused city as it tries to navigate between socialism and capitalism in an era of great uncertainty. On Hong Kong Island, the Monetary Authority hosted about 300 global and regional financial leaders, including top executives from…
Hong Kong is a key beneficiary of mainland China’s high household savings rate. A spillover of capital into Hong Kong from the mainland’s overflowing reservoir of household savings could provide much-needed relief for Hong Kong, which is struggling with protracted economic and geopolitical uncertainties. While the mainland is subjected to capital controls, Hong Kong is…