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    China trade surplus tops $1 trillion for first time on non-US growth

    China’s trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump’s tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging. Shipments to the United States dropped by close to one-third from the same month a year before. “The tariff cuts…

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    China is reshaping the foundations of global power, doubling down on high technology to attract supply chains

    China is reshaping the foundations of global power, doubling down on high technology to attract supply chains

    China is moving to the next phase of its rivalry with the US and signalling a renewed focus on self-reliance. Whether in innovation, industry or advanced technology, Chinese President Xi Jinping is betting this approach will ensure Beijing’s resilience amid intensifying competition. This isn’t just about the economy. It’s also about security. Beijing and Washington…

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    'India cutting back completely': Trump reiterates Russian oil claim; hopes for ‘complete deal’ with China

    ‘India cutting back completely’: Trump reiterates Russian oil claim; hopes for ‘complete deal’ with China

    US President Donald Trump on Saturday reiterated that India is cutting back the Russian oil imports completely, as he announced sanctions targeting Moscow’s oil giants Rosneft and Lukoil.Ahead of his upcoming meeting with Chinese President Xi Jinping in South Korea, Trump expressed hope that the discussions would yield a “complete deal,” Bloomberg reported. Trump’s FULL…

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    US-China trade war: America 'bans' Hong Kong's biggest telecom company; cites national security concerns

    US-China trade war: America ‘bans’ Hong Kong’s biggest telecom company; cites national security concerns

    FILE — Brendan Carr, chairman of the Federal Communications Commission, at a hearing in Washington on Feb. 27, 2025.. (Tierney L. Cross/The New York Times) The US Federal Communications Commission (FCC) has taken steps to potentially revoke the access of HKT (International) Ltd., a major Hong Kong phone company controlled by PCCW Ltd., to domestic…

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