Advanced digital cockpits give Chinese EVs ‘overwhelming advantage’ in Russia, vendors say

China’s smart vehicles with sophisticated in-car entertainment – from huge video screens to advanced stereo – are sure-fire hits in Russia, where drivers and passengers are increasingly embracing digital technology, vendors said this week during the world’s largest auto show. Advertisement Major Chinese carmakers including Chery Automobile, Great Wall Motor and Geely Auto are the vanguards and biggest winners in Russia, after Western brands stopped selling and marketing their vehicles in the country amid Russia’s three-year military invasion of Ukraine. Other Chinese brands are playing catch-up in the nation of…

Donald Trump’s former envoy to China says US tariff cuts could come soon

The US may move to lower tariffs on Chinese goods in an attempt to revive trade talks, but Beijing will need to reciprocate if there is to be a deal, according to President Donald Trump’s former envoy to China. Advertisement Terry Branstad, who was ambassador during Trump’s first term, predicted there would be “some movement that will reduce the burden and [give] an indication that we want a deal”. “And then we need a reciprocal response from the Chinese that shows they have an interest in it,” he said, during…

Australia’s China ties in focus as election rivals hunt for votes

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Australian Prime Minister Anthony Albanese spent Easter Monday at the Golden Lily restaurant, posting photos on Facebook with foreign minister Penny Wong showing a Lazy Susan laden with Chinese food. Albanese’s choice of dining venue — in Box Hill, a Melbourne suburb where about 30 per cent of residents were born in China — was a reminder that Australia’s May 3 election could turn on which leader voters think is…

Trump’s pressure on China casts shadow over Australia election

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Australian Prime Minister Anthony Albanese spent Easter Monday at the Golden Lily restaurant, posting photos on Facebook with foreign minister Penny Wong showing a Lazy Susan laden with Chinese food. Albanese’s choice of dining venue — in Box Hill, a Melbourne suburb where about 30 per cent of residents were born in China — was a reminder that Australia’s May 3 election could turn on which leader voters think is…

Hanoi denies Washington will snub Vietnam War commemoration

BANGKOK – The Vietnamese government says it is expecting a sizable U.S. presence when it marks the 50th anniversary of the end of the Vietnam War on April 30, despite media reports that the Trump administration told diplomats to stay away from events. Ceremonies in Ho Chi Minh City will be attended by “delegations led by high-level leaders, political parties, international organizations, peace movements and anti-war movements, including those from the U.S.,” according to Vietnam’s foreign ministry spokesperson Pham Thu Hang. The New York Times cited four anonymous U.S. officials…

Why Reed Bank could be the next flashpoint for South China Sea tensions

Reed Bank – a contested area of the South China Sea believed to be rich in gas and oil – could become a future hotspot for stand-offs and conflicts between China and the Philippines, especially if Manila moves forward with unilateral resource exploration as part of its energy security quest, according to analysts. Advertisement However, they added that Manila’s limited development capacity, the coming midterm election in the Philippines, Washington’s other geopolitical distractions, and careful risk assessment by multinational companies could delay Reed Bank’s emergence as a flashpoint in the…

India’s race to seal a deal with Trump

This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. This week’s tragic event in Pahalgam is a reminder of the ever-present threat of violence in the subcontinent. After 26 people were killed in the terrorist attack in Kashmir, India’s government has sharply downgraded diplomatic relations with Pakistan and suspended its participation in a crucial cross-border water treaty. Islamabad has retaliated by suspending a peace treaty and closing…

Top Swiss envoy calls for ‘coalition’ to meet US tariff challenge during visit to China

Switzerland’s foreign minister has called for a “coalition” of countries to deal with the tariff war waged by US President Donald Trump, and touted Beijing as an important advocate of a multilateral world. Advertisement Ignazio Cassis told reporters in Beijing on Thursday that Trump’s so-called reciprocal tariffs have “created uncertainty everywhere, for everyone” including countries that were viewed as closer to the United States, adding that “no one is safe”. “The difficulty we are having on the tariff matter is something that every other country shares. We have to create…

China could build its own model of soft power in Africa through NGOs

Having lived and worked in Africa for 15 years, I have seen the enormous investments China has made in the continent, and the misunderstandings, tensions and criticism that have followed. One of the most profound differences between China and the West in foreign engagement lies in the approach to aid and public image. Advertisement While China relies heavily on centralised state power, Western countries have developed a vast, decentralised network of non-governmental organisations. Through years of observation, I have become convinced that China should experiment with an NGO model that…

Russia, Middle East embrace Chinese EVs as US, Europe put up protectionist tariffs: report

China’s car shipments are projected to cool this year due to geopolitical tensions following two years of rapid growth, while US tariffs will saddle the nation’s auto industry with an additional US$46 billion in export costs, according to management consultancy AlixPartners. Advertisement Auto exports would climb by about 4 per cent to 6.7 million units in 2025, the firm said in a report on Thursday. Shipments grew 23 per cent last year to 6.4 million units after producers boosted sales to Russia and Belarus by 28 per cent, and to…