Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. EU envoys mull skipping China military parade over Putin’s attendance: sources European envoys in Beijing are discussing plans to skip China’s massive military parade next month after considering the…
China’s $11 trillion stock market is once again in the spotlight, not for spectacular gains, but for persistent underperformance that is worrying both Beijing and Washington. As per Bloomberg, the Chinese equity market has failed to deliver returns for households, making it a key reason why consumers save more and spend less, a structural issue…
Uncertainties stemming from a reignited US tariff war will potentially cloud Hong Kong business expansion plans and dampen economic growth for the rest of the year, Trade Development Council chairman Frederick Ma Si-hang has said. But in an exclusive interview with the Post, Ma expressed cautious optimism that a US-China trade deal could be reached…
Two gatherings in Beijing on Wednesday set the scene for China’s response to ongoing global economic disruptions. A meeting of the CPC’s Politburo pledged to maintain current macroeconomic policy, to “stabilize the fundamentals of foreign trade and investment,” and to support companies impacted by economic shocks. Chinese President Xi Jinping also led a gathering of non-Party…
Claims by the head of the FBI that China is a threat to the Indo-Pacific are groundless, Beijing said as the American security agency opened its first permanent office in New Zealand. “We strongly oppose any attempt to make groundless assertions or vilification against China out of the Cold War mentality,” the Chinese embassy in…
US President Donald Trump on Tuesday (July 29) clarified that he has no intention of pursuing a summit with Chinese President Xi Jinping, but said he may visit China if formally invited. “I may go to China, but it would only be at the invitation of President Xi, which has been extended. Otherwise, no interest!”…
Certain section of security experts seem quite upset with the Donald Trump administration’s decision to allow sale of Nvidia H20 advanced AI chips to China again. A group of 20 national security experts and former government officials have written a letter to the U.S. Department of Commerce Secretary Howard Lutnick urging the Trump administration to…
Ford Motor Co. temporarily idled factories in the US over the last three weeks due to a shortage of magnets containing rare earth minerals, key components embroiled in US trade tensions with China. Chief Executive Officer Jim Farley said the situation demonstrates the need to develop a domestic supply chain for critical auto components. China…
Washington: After a round of talks in Geneva last month, the United States and China will sit down at the negotiating table in London on Monday to attempt to preserve a fragile truce on trade, despite simmering tensions. US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will lead the…
Gold prices fall as Trump hints at major US-UK trade deal- Gold prices dropped on Thursday as market nerves eased following U.S. President Donald Trump’s announcement of a possible trade deal with Britain. The news pulled investors away from the safe-haven metal, which had earlier seen some gains. As of 11:57 GMT, spot gold slipped…