WASHINGTON – President Donald Trump’s restrictions on foreign aid and targeting of a key agency funding programs around the world may be offering an opening to America’s biggest adversary — China. From the dismantling of the U.S. Agency for International Development to quitting international groups, Trump’s drastic “America First” moves have raised concerns among some…
Chinese government workers have a lot to worry about these days. Cash-strapped local governments are struggling to pay their salaries. Political controls are tightening in the name of national security. A yearslong anti-corruption purge shows no sign of ending. Now, the workers also have to make sure not to get slapped with a “Snail Award”…
WASHINGTON (AP) — Joyce Yip, a 39-year-old entrepreneur in southern China’s Guangzhou, has a new celebrity crush: Melania Trump. The two-time first lady has become an online celebrity in China, especially among women. That may be surprising, given her husband’s hostility toward China, but social media posts reflect an admiration for her independence, her taste…
Yu Renrong, the only semiconductor executive to attend a symposium hosted by Xi Jinping with other Chinese entrepreneurs earlier this week, has quickly become the face of the nation’s chipmakers. In a video released by the mainland’s state broadcaster CCTV, the 58-year-old founder of Shanghai-listed Will Semiconductor – wearing a black coat – was seen…
During the Biden administration, Donald J. Trump would sit in his mirrored and gold-trimmed salon at Mar-a-Lago where he had once hosted China’s leader, Xi Jinping, brooding to visitors about the outcome of the trade agreement he signed with China in 2020. Mr. Trump would castigate “stupid people” in the White House for failing to…
Chinese leader Xi Jinping hosted a meeting with Chinese high-tech tycoons on Monday. Observers said that Xi’s meeting sends a positive signal to “help promote the private sector.” But Xi needs to do more, such as rolling back the tightened internet security framework or the cyber administration’s regulatory reviews before the private sector’s confidence in…
Global stock markets held largely steady on Tuesday as top US and Russian diplomats held their first high-level discussions since Russia invaded Ukraine. The talks, which excluded Europe and Ukraine, ended with Moscow and Washington agreeing to appoint teams to negotiate an end to the Ukraine war. “Donald Trump continues to be the dominant force…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China calls for all stakeholders to be part of Ukraine peace talks Beijing welcomed the coming peace talks on ending Russia’s war in Ukraine initiated by the…
One day after a high-profile symposium hosted by President Xi Jinping and attended by China’s leading entrepreneurs, Beijing has unveiled new measures in support of the private sector – an act the president explicitly backed in his speech. Legislation to promote the private economy is also set for a second review later this month, both…
President Xi Jinping’s embrace of Chinese tech bosses in a rare public meeting is fueling hope Beijing is shifting its stance to give the private sector a freer hand as it fights a trade war with U.S. President Donald Trump. Four years after launching a regulatory crackdown that plunged the tech sector into turmoil, China’s…