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Wary mood to mark Xi-Trump summit with irritants aplenty on both sides: analysts
Industry

Wary mood to mark Xi-Trump summit with irritants aplenty on both sides: analysts

Observers noted the number of recent strategic and trade blows, including the war on Iran, have not derailed the meeting from going ahead Scott Kennedy, senior adviser with the Centre for Strategic and International Studies (CSIS), said that both sides had been “picking up some chits which they might be able to negotiate on during the meeting”. “Each side has enormous leverage over the other, managing their interdependence in a way that doesn’t lead to escalatory spirals,” he added. “Let’s face it, it will push a lot of other things off the agenda,” said Lyle Goldstein, Brown University’s Asia programme director. “Trump is focused on it because he wants it off his desk.” Both sides want the strategic Strait of Hormuz opened, a chokepoint for China’s energy and trade links and generator of US inflation.

Trump arrives in China with tech titans and top aides for high-stakes Xi summit
Industry

Trump arrives in China with tech titans and top aides for high-stakes Xi summit

US President Donald Trump arrived in China – flanked by his top aides and American tech leaders – on Wednesday night as Beijing rolled out a lavish welcome ceremony at the airport. He was received by Chinese Vice-President Han Zheng at Beijing Capital International Airport. Trump’s entourage includes Jensen Huang, CEO of Nvidia and a last-minute addition to the trip, as well as US Defence Secretary Pete Hegseth, US Secretary of State Marco Rubio, billionaire entrepreneur Elon Musk and Tim Cook...

How US missile shortages after Iran war could strengthen China’s hand during Trump visit
Industry

How US missile shortages after Iran war could strengthen China’s hand during Trump visit

Depleted US weapons stockpiles as a result of its war in Iran risk eroding Donald Trump’s bargaining power when he meets Xi Jinping in China this week. With Trump on the high-stakes trip is Defence Secretary Pete Hegseth, marking the first time a Pentagon chief has accompanied a president to Beijing in decades. The weapons shortages not only raise questions about US preparedness for war in the Indo-Pacific, but may give Beijing extra leverage because of its control of the supply of critical...

Taiwan stages live-fire drill on island facing mainland China as Trump heads to Beijing
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Taiwan stages live-fire drill on island facing mainland China as Trump heads to Beijing

Coming Xi-Trump summit has triggered renewed anxiety in Taiwan about becoming a bargaining chip in broader negotiations The exercise on Kinmen, also known as Quemoy, simulated a People’s Liberation Army amphibious assault on the coastline. According to the Taiwanese army’s Kinmen Defence Command, Wednesday’s drill was conducted in the Houhu coastal area, which sits just a few kilometres from the mainland Chinese city of Xiamen. Beginning shortly after dawn, the exercise – which included US-made weaponry – simulated enemy amphibious landing operations, with troops deploying artillery, tanks, armoured vehicles and anti-armour weapons to create overlapping fire zones along the shoreline. Among the highlights was the first live firing of two US-made Javelin anti-tank missiles stationed in Kinmen, which the military has described as part of efforts to strengthen Taiwan’s asymmetric warfare capabilities. Units taking part included the Kinmen Garrison Brigade, an artillery battalion, a support battalion and an amphibious reconnaissance platoon.

Trump flies to Beijing, Nvidia’s Huang joins trip at last minute
Industry

Trump flies to Beijing, Nvidia’s Huang joins trip at last minute

US President Donald Trump said he would urge China’s Xi Jinping to “open up” to American business, and belatedly added Nvidia’s Jensen Huang to the list of executives accompanying him on a trip to Beijing. “I will be asking President Xi, a Leader of extraordinary distinction, to ‘open up’ China so that these brilliant people can work their magic,” Trump said on social media. “I will make that my very first request.” Huang boarded Air Force One during a refuelling stop in Alaska on Wednesday,...

‘New historical juncture’: Beijing frames Trump visit as ‘milestone’ for stable ties
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‘New historical juncture’: Beijing frames Trump visit as ‘milestone’ for stable ties

China’s top envoy to US and commentaries underscore what is at stake and strike a forward-looking tone despite the two sides’ differences Xie Feng, China’s ambassador to the US, echoed that message in a wide-ranging Newsweek interview published on the eve of the visit, voicing hope the Beijing meetings would help to manage differences and broaden cooperation along a “steady, sound and sustainable” path. It was published under the byline Guo Jiping, a collective pen name used by the paper’s international department to convey Beijing’s official stance on major global issues. It reviewed two cycles of downturn and recovery since 2018, citing Trump’s two rounds of trade war – during each of his presidential terms – and pointing to a shift towards “more equal” and pragmatic engagement with clearer boundaries.

Why the world needs China to save more, not less
Industry

Why the world needs China to save more, not less

The IMF assumes China should save less. China’s saving is key to financing the developing world’s need for green infrastructure The diagnosis is wrong. The world economy, especially emerging markets and developing economies, benefits from China’s high saving. A current account surplus is the excess of national saving over domestic investment. The saving is not lost; it is exported abroad in the form of net capital outflows, with an equivalent increase of China’s financial claims on the rest of the world. These claims add to China’s wealth and future national income. The economically relevant question is not whether such a surplus should exist, but whether the net capital outflows finance worthwhile investments. However, the Group of 7 and the International Monetary Fund assume that China saves too much and should consume more. Such a view is arbitrary. China’s consumption grows over time, roughly alongside its rising national income. If the question is whether China should save less, grow less rapidly over time and reduce saving and investment, the answer is no. The IMF speaks of “consumption-led growth in China” as opposed to saving-led and investment-led growth, but this is naive.

US and China in ‘unprecedented’ cooperation against scam centres in Dubai
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US and China in ‘unprecedented’ cooperation against scam centres in Dubai

Nine fraud centres dismantled and 276 suspects arrested in joint operation between FBI, Chinese Ministry of Public Security and Dubai Police Dubai Police – which led the operation dubbed Tri-Force Sentinel – said at least nine scam hubs were dismantled and 276 suspects arrested, most of them from Southeast Asia. “The operation delivered a decisive strike against three criminal syndicates and dismantled nine fraud centres behind high-yield investment scams (HYIS), ‘pig butchering’ schemes, and virtual currency fraud, all of which are among the fastest-growing forms of financial crime worldwide,” according to the Dubai Police statement released on April 28. FBI Director Kash Patel wrote on social media that the cooperation between the agency, Dubai Police and China’s Ministry of Public Security was “unprecedented”. The US Department of Justice said three of the arrested were charged with federal fraud and money laundering charges in Southern California.

China sends embryos into orbit to find out if humans can have babies in space
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China sends embryos into orbit to find out if humans can have babies in space

Artificial embryos sent to the Tiangong space station to study impact of zero-gravity on human development, CCTV reports China has sent artificial embryos to its space station to study whether humans could reproduce in zero gravity. The experiment was reported on Tuesday by state broadcaster CCTV. Project leader Yu Leqian said the main goal was to study the impact of gravity – and its absence – on early development, in preparation for eventual human settlement off Earth. Once the impact of the force on embryos was understood, scientists could develop interventions to control its effect, he told CCTV. Yu is a professor and investigator at the State Key Laboratory of Stem Cell and Reproductive Biology of the Institute of Zoology, Chinese Academy of Sciences. “[We might] use certain technologies to mitigate the impact. This is our first attempt to answer [the questions]: Can humans survive and reproduce in space? I hope the answer is yes,” he said.

Chinese company that tracked US bombers over Iran wears sanctions with pride
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Chinese company that tracked US bombers over Iran wears sanctions with pride

MizarVision defiant after Washington imposes sweeping ban for publishing open-source images detailing Operation Fury activities The open-source intelligence (OSINT) start-up, formally known as Meentropy Technology Hangzhou Co Ltd, specialises in analysing data from commercial satellites and has conducted several observations of US military movements in recent months. It was added to the US Treasury’s Specially Designated Nationals (SDN) list on Friday for publishing “open-source images detailing US military activity during Operation Epic Fury”. The company responded on Sunday, posting a recruitment advertisement on social media that prominently featured a screenshot of the US Treasury’s official sanctions notice alongside MizarVision job openings. “The outside world occasionally sends us a ‘surprise’, but we have always been the type to accept with a grin and keep charging forward,” the text reads. “If you believe in superiority through strength, love combat-grade engineering, know how to turn pressure into productivity – welcome to join us!” The company has not replied to queries from the South China Morning Post.

Cosmic order, political authority: the messaging in temple setting for Trump’s China visit
Industry

Cosmic order, political authority: the messaging in temple setting for Trump’s China visit

From Obama’s evening chats on Yingtai island in the grounds of Zhongnanhai to Trump’s tea reception in the Forbidden City, historic settings have long formed a symbolic backdrop to key moments in US-China diplomacy. As Trump prepares for his visit to China from Wednesday to Friday – the first by an American president in almost nine years – all eyes will not only be on the summit agenda, but also on the carefully choreographed details surrounding the reception, including sites featured in the...

Trump’s ‘art of the deal’ playbook is failing as Beijing asserts itself
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Trump’s ‘art of the deal’ playbook is failing as Beijing asserts itself

As the Trump-Xi summit approaches, China will be going into negotiations with a new diplomatic posture This domestic discontent is reflected in Trump’s plummeting approval ratings, which have hit historic lows as voters grow weary of economic instability and the administration’s aggressive rhetoric. These internal fractures are mirrored on the world stage, where protracted conflict with Iran has triggered a sharp decline in US global standing. Washington has reportedly demanded that China make large-scale purchases of US poultry, beef and non-soybean crops, alongside a commitment to buy 25 million metric tonnes of soybeans annually for the next three years. It is also pushing for massive imports of Boeing aircraft, as many as 500 737 Max aircraft along with dozens of widebody jets. In April, the Trump administration brandished the stick of economic warfare, threatening a staggering 50 per cent tariffs should Beijing provide advanced weaponry to Iran. This is bolstered by the Pentagon’s national security blacklist, which has targeted vast swathes of the Chinese tech sector.