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Trump leaves China after much pomp and pageantry, but little to show for it
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Trump leaves China after much pomp and pageantry, but little to show for it

US president’s much-anticipated summit with Xi Jinping in Beijing resulted in more fanfare than concrete policy change, analysts say But years of spiralling US-China tension do not disappear in 48 hours, even if the US president is not distracted by a war that contributed to sub-par US preparation, prompting analysts to hedge, adding that they would suspend full judgment until more details emerge in the coming days and weeks. Among the unseens and unknowns included word on the frequently teased Board of Trade, Board of Investment and mega Chinese sales of soy and other US farm products; Chinese confirmation of a 200-aircraft Boeing purchase deal, itself below expectations; any extension of the trade truce; and any progress on a slew of business and market opening deals. “These matters appear to still be in the works, so we may see further announcements in the coming days,” added Cutler, now senior vice-president of the Asia Society Policy Institute.

Trump and his CEOs want China’s business – but has Asia moved on?
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Trump and his CEOs want China’s business – but has Asia moved on?

US President Donald Trump’s landmark visit to China comes as the US-Iran war disrupts global energy supplies, fuels economic uncertainty and adds fresh strain to Washington-Beijing ties. In the latest instalment of a series examining how rivalry, interdependence and geopolitical crises are reshaping the relationship between the two powers, we explore the massive upswing in capital expenditures across Asia that is driving a broad shift in economic power. When US President Donald Trump made his...

Travolta gets surprise Cannes prize: ‘beyond the Oscar’
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Travolta gets surprise Cannes prize: ‘beyond the Oscar’

The Hollywood star received an honorary Palme d’Or, as he premiered his first film as a director Hollywood star John Travolta was given a surprise lifetime achievement award at the Cannes Film Festival Friday as he premiered the first movie he has ever directed. The man who became an icon overnight with Saturday Night Fever was visibly moved as he accepted the honorary Palme d’Or before the screening of Propeller One-Way Night Coach, which is based on a book about his first experience in an airliner. “I just can’t believe it. This is beyond the Oscar, really,” he said as he accepted the tribute. The festival has been laying on the love for Hollywood legends this year despite the big studios staying away, with honorary Palmes for Barbra Streisand and Peter Jackson as well as a gala screening for Vin Diesel and the stars of The Fast and the Furious franchise to mark its 25th anniversary. Travolta – who has never won an Oscar – revived his flagging career with his iconic turn as hitman Vincent Vega in Quentin Tarantino’s Pulp Fiction, which won the festival’s Palme d’Or top prize in 1994. Many critics hailed it as his greatest performance, one that has since gone down in cinema history.

Peugeot, Jeep take on Chinese rivals with new models using local EV technologies
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Peugeot, Jeep take on Chinese rivals with new models using local EV technologies

Peugeot and Jeep, owned by French-Italian automotive group Stellantis, have committed to fresh investments to build electric cars with its partner Dongfeng Motor, as more international marques join the fight against Chinese rivals in the world’s largest car market. Stellantis announced on Friday that four electric vehicles (EVs) under the two storied auto brands would roll off the production lines in 2027 as the European carmaker leverages Chinese technologies to assemble best-class cars for the...

Rapid-fire to restrained: China state visit reveals a changed Trump on social media
Business

Rapid-fire to restrained: China state visit reveals a changed Trump on social media

Just a handful of online posts from US president contrast with the flurry during his most recent state visits to the UK and Japan Trump has shared only 10 social media updates since landing in Beijing on Wednesday evening – mostly videos of his arrival in Beijing and official greetings received from Chinese President Xi Jinping. The latest posts include hailing Xi as “one of the World’s Great Leaders” and asserting that the US should have a ballroom like China does, a sentiment seemingly inspired by Thursday’s state banquet in the Chinese equivalent. Another post included a screenshot of an American media report citing a Chinese academic as rating Trump’s visit as “9.99 out of 10”. At 5.42am Beijing time on Friday, hours before meeting his Chinese counterpart, Trump wrote on social media that Xi had congratulated him “on so many tremendous successes in such a short period of time”.

Trump, Xi weigh AI ‘guardrails’ as Nvidia chip exports hang in the balance
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Trump, Xi weigh AI ‘guardrails’ as Nvidia chip exports hang in the balance

Meeting in Beijing, the presidents weighed safety protocols for the rapidly emerging technology, and H200 chip shipments were a ‘sovereign decision’ for ‌China US President Donald Trump and Chinese officials discussed artificial intelligence “guardrails” and Nvidia’s H200 chips during his just-ended state visit to Beijing. Speaking to reporters on Air Force One during his return flight, Trump said the two sides “talked about possibly working together for guardrails” on AI, characterising them as “standard guardrails that we talk about all the time”. Regarding Nvidia’s H200 graphics processing units (GPUs) – shipments of which have yet to be approved by Beijing – Trump confirmed that the issue “did come up” during his meetings and that he “thinks something could happen”. However, he noted that China had so far refrained from buying the hardware because it “chose not to” and instead “wants to try and develop their own” domestic alternatives. When asked whether the two sides talked about AI cooperation, Chinese foreign ministry spokesman Guo Jiakun said on Friday that “China has always advocated that all parties jointly promote the development of artificial intelligence in an open, inclusive, beneficial and good-for-all direction”.

Ukraine war: 36 nations approve tribunal creation to prosecute Russia over invasion
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Ukraine war: 36 nations approve tribunal creation to prosecute Russia over invasion

Thirty-four European states plus Australia, Costa Rica and the EU said on Friday they would join a future special tribunal for Ukraine to prosecute Russia over its invasion of the country. Ukrainian President Volodymyr Zelensky signed an accord with the Council of Europe last year to create a legal body to prosecute the “crime of aggression” in the invasion Russia launched in February 2022. The Council of Ministers, comprising foreign ministers from the organisation’s 46-member states, in a...

China’s Xi Jinping to pay first state visit to US in more than a decade
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China’s Xi Jinping to pay first state visit to US in more than a decade

Chinese President Xi Jinping is expected to pay a state visit to the US in September, the first in more than a decade, as the two powers seek stability amid their deepening rivalry. Shortly after leaving Beijing, where he held a summit with President Xi Jinping, US President Donald Trump told reporters on Air Force One that he and his Chinese counterpart would meet three more times this year. He said Xi asked him to take part in the Asia-Pacific Economic Cooperation summit in the southern...

IMF lauds resilient Hong Kong economy, but warns of risks linked to Middle East war
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IMF lauds resilient Hong Kong economy, but warns of risks linked to Middle East war

International body also urges city to pursue medium-term financial reforms, such as introducing goods and services tax, to boost revenue The International Monetary Fund (IMF) has lauded the resilience of Hong Kong’s economy, noting a sustained recovery despite economic activity having yet to return to pre-Covid levels, while warning of downside risks stemming from escalating geopolitical tensions. It also urged Hong Kong to pursue medium-term financial reforms, including the introduction of a goods and services tax, to stabilise and strengthen public revenue. A concluding statement by an IMF mission that visited Hong Kong in March, which was released on Friday, forecast that the city’s gross domestic product (GDP) growth would slow to 2.4 per cent this year, from 3.5 per cent in 2025. It attributed the anticipated slowdown to weaker external demand and tighter financial conditions amid the war in the Middle East. Over the medium term, the IMF expected Hong Kong’s GDP to grow at about 2.25 per cent, with inflation rising gradually from 1.4 per cent in 2025 to 2.5 per cent.

What did American allies make of Trump’s trip to China to meet Xi?
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What did American allies make of Trump’s trip to China to meet Xi?

The meeting Beijing was watched around the world for clues on topics ranging from trade to Taiwan and rare earths As he returned home on Air Force One on Friday, Trump had a phone call with Japanese Prime Minister Sanae Takaichi. “We exchanged views, centring on various issues surrounding China, including the economy – encompassing economic security – and security matters,” Takaichi wrote in a social media post. She pledged to continue close collaboration to strengthen Japan-US alliance. Japanese public broadcaster NHK quoted a government official as saying that Tokyo was anxious to learn what Washington and Beijing discussed about Taiwan and mainland China’s export controls on rare earths. “We believe it is important that US-China relations contribute to the stability of the international community, including Japan, and the government is closely monitoring the situation with great interest,” Japanese Chief Cabinet Secretary Minoru Kihara told NHK. William Klein, a senior associate with Centre for Strategic and International Studies, said Europe would welcome stable and predictable US-China relations.

Eye on the tiger: how Elon Musk’s son’s bag became a hit with Chinese public
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Eye on the tiger: how Elon Musk’s son’s bag became a hit with Chinese public

Product quickly sold out online after the child was pictured carrying a product inspired by traditional Chinese culture in Beijing Chinese media reported that the bag was made by Yaxiaoqi Handmade, a firm based in Guangxi Zhuang autonomous region in southern China. On Thursday night the product had sold out on the e-commerce platform Taobao but was available for pre-order at a price of 338 yuan (US$50). The firm said it had sold more than 10 times the usual daily amount and a live stream promoting the product had attracted hundreds of viewers, some of whom urged it to “ride the wave of viral traffic”. The store now has more than 390,000 followers on the platform.

Hong Kong’s M+ museum to showcase collections in Paris under 5-year deal
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Hong Kong’s M+ museum to showcase collections in Paris under 5-year deal

Partnership with Paris-based Centre Pompidou also covers research and talent exchange Collections from Hong Kong’s M+ museum will be exhibited in Paris alongside works from the Centre Pompidou in France under a five-year deal signed by the two institutions, which also covers research and talent exchanges. The memorandum of understanding for the multi-year partnership was signed on Friday at the M+ by its director Suhanya Raffel and Laurent Le Bon, the president of the Centre Pompidou. French Consul General Christile Drulhe witnessed the ceremony. “This is the first time for Hong Kong collections to go out to Paris like this,” Raffel said. “But it takes time … to build what that exhibition will be from the two collections. What we want to be able to do is to do something that we couldn’t do without the other.” The major exhibition featuring collections from both institutions will be staged first in Paris at the Centre Pompidou, after its five-year renovation, around 2029 or 2030, before being hosted at the M+ with a focus on visual culture in France and China.