China extended its congratulations to Donald Trump for his victory in the US election, while the president-elect reportedly spoke on the phone with Chinese leader Xi Jinping. A Foreign Ministry spokesperson commended the Republican on his win over Kamala Harris, according to a statement late Wednesday night. “We respect the choice of the American people…
Hi, this is Rebecca Choong Wilkins in Hong Kong, where I watched that red wave sweep across the US electoral map while wondering what Beijing is making of Donald Trump moving into the White House again soon. There’s no doubt Chinese officials were closely watching given the stakes are mammoth: Trump’s return may reignite a…
A budding alliance between Russia and North Korea is handing Chinese President Xi Jinping another problem, as Beijing comes under growing international pressure to rein in two of its closest diplomatic partners. The revelation last month that Kim Jong Un sent thousands of troops to Russia’s border sparked fears that Europe’s largest conflict since World…
With the weeks running down on 2024, Chinese policymakers are already in a position to declare “mission accomplished” on their (almost) decade-long Made in China 2025 project. Despite headwinds including major tariff hikes by successive US administrations, the worst domestic housing slump in modern times and an increasing fragmentation of the global economy into competing…
The double crunch could still be avoided but conditions were only to get tougher for Beijing, according to analysts. A top rate of 35.3 per cent will apply to EVs from Chinese-state owned SAIC Motor and its subsidiaries, on top of a baseline 10 per cent duty that applies to all EV imports, which by…
Rising protectionism globally and a deeper trade war with the US may give China the much-needed push to bolster domestic consumption, said Weijian Shan, who chairs one of Asia’s largest alternative asset managers. An escalation of trade conflicts would spur China to reorient its economy “away from investments and exports in the direction of private…
Who would the Chinese President Xi Jinping prefer as his next counterpart in the White House? The world’s second-largest economy is repeatedly cited as America’s greatest strategic challenge. Regardless of who wins the election next week, that won’t change. China should anticipate a tougher political climate ahead. Beijing is watching closely to see how the…
Goldman Sachs Group Inc. strategists expect Chinese stocks to rise in the two to three months following the US presidential election, although they warn there may be a kneejerk reaction if former President Donald Trump wins. “China equities did not sell off in the past two weeks amid Trump risk repricing, which is indicative of…
Encouraging Chinese companies to set up joint ventures abroad may be Beijing’s only way out of its trade imbalances with Western countries, according to a Chinese foreign trade expert. Speaking at a round table event in Beijing on Friday, Huo Jianguo, former head of a think tank under China’s Ministry of Commerce, told representatives of…
China must “adapt its behaviour” to solve an escalating tariff row with Europe, EU chief Charles Michel told AFP Friday, warning of the dangers of the dispute escalating into a full-blown trade war. The European Council president met Chinese Premier Li Qiang on the margins of a Southeast Asian summit in Laos as Beijing and…