The announcement comes just days before the Communist Party’s Central Committee meets in Beijing. Two of China’s highest-ranking officers and seven other senior military officials have been expelled from the ruling Communist Party and the military on suspicion of serious misconduct linked to corruption, according to the country’s Defence Ministry. He Weidong, China’s second-highest-ranking general,…
US Treasury Secretary Scott Bessent confirmed plans to speak with Chinese Vice-Premier He Lifeng on Friday in a further sign of easing tensions ahead of a potential meeting between the two countries’ leaders. “The vice-premier, who is my counterpart, and I will be speaking this evening at around 8.30, 9 o’clock,” Bessent said at the…
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 United States could help stabilise relations with Beijing by scaling back its military activities in the South China Sea and restraining Taiwan, a report by a think tank has suggested. Researchers from the Rand Corporation argued that stabilising the ongoing US-China rivalry was “not only possible but can serve the interests of both sides”….
The tenuous trade truce between Washington and Beijing has collapsed. What lies ahead is less a conventional trade war and more of a sustained struggle in which both powers codify coercion into their economic statecraft and increasingly weaponize interdependence as a source of leverage. In this new, emerging phase, confrontation will no longer be perceived…
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…
Trade tensions between U.S. and China escalate – CBS News Watch CBS News Trade tensions between the U.S. and China are intensifying again ahead of President Trump’s expected meeting with Chinese President Xi Jinping later this month. CBS News White House reporter Olivia Rinaldi has more. Source link
China and the US have started charging additional port fees on shipping vessels as trade tensions between the world’s two largest economies soared back, following China’s rare earth export controls in response to new trade restrictions imposed by the Trump administration. The port fees from both sides went into force on Tuesday and have caused…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story While tensions flare with the U.S., China is charting its course for the next five years. Chinese President Xi Jinping and the country’s top leaders,…