Beijing Central Business District, mix of offices and apartments Ispyfriend | E+ | Getty Images Asia-Pacific markets opened higher Monday as investors parsed the latest slew of economic data out of China. China’s GDP rose 4.8% in the July-to-September period compared to a year ago, in line with expectations of analysts polled by Reuters. The…
A packed Air China flight bound for Seoul was forced to make an emergency landing in Shanghai on Saturday after a lithium battery inside a passenger’s carry-on luggage erupted in flames, filling the cabin with smoke. The blaze broke out aboard Flight CA139, which had departed Hangzhou Xiaoshan International Airport at 9:47 a.m. local time…
An Air China flight from Hangzhou to Seoul was forced to make an emergency landing in Shanghai on Saturday after a lithium battery caught fire in the plane’s cabin. In a statement on social media, Air China confirmed the incident. “On October 18, on flight CA139 from Hangzhou to Incheon, a lithium battery in a…
In a turnaround from the tough stance he took a week ago, US President Donald Trump said Friday that he planned to meet with Chinese President Xi Jinping in South Korea in two weeks and suggested that imposing an additional 100 per cent tariff on all Chinese goods appeared unworkable. But he also blamed China…
Blame games, tit-for-tat threats, off-again on-again meetings between US President Donald Trump and Chinese President Xi Jinping, and wild tariff swings seem to be the recent order of the day. According to former government officials and analysts, however, this should come as no surprise – it’s just the price you pay when diplomatic norms are…
A bipartisan group of US lawmakers has urged US President Donald Trump to personally attend three major Indo-Pacific summits this fall, warning that his absence could hand China a strategic advantage as Beijing aggressively expands its influence across the region. In a letter released on Friday, members of Congress stressed that the Indo-Pacific region remains…
The U.S. dollar slipped on Thursday as the Sino-U.S. trade war sapped investor sentiment. Daniel Munoz | Photodisc | Getty Images The U.S. dollar slipped Thursday as the Sino-U.S. trade war sapped investor sentiment, while growing confidence of the U.S. Federal Reserve cutting its policy interest rate this year also weighed on the greenback. The…
(Bloomberg) — US Treasury Secretary Scott Bessent dangled the possibility of extending a pause of import duties on Chinese goods for longer than three months if China halts its plan for strict new export controls on rare-earth elements. The US and China have agreed to a series of 90-day truces since earlier this year, with…
US President Donald Trump’s administration vowed on Wednesday to work with its allies and other countries to get an upper hand in its trade talks with China, claiming Beijing’s recent rare earth control as a sign of being an “unreliable partner” that threatens global supply chains. The remarks marked the latest in a series of…
A prominent US think tank has urged Washington to streamline bureaucracy, strengthen institutions and recalibrate its policies with allies to solidify cooperation and consolidate its foothold in the escalating rivalry with China. Intelligence sharing, coalition planning and arms sales are suffering from structural flaws which hinder multinational effective collaboration, risking “potentially catastrophic” results, according to…