Donald Trump has hailed a “total reset” in US-China trade relations after the first day of talks between top American and Chinese officials in Geneva aimed at defusing a trade war sparked by his tariff rollout. The US president praised the “very good” discussions and deemed them “a total reset negotiated in a friendly, but constructive, manner”. “We want to see, for the good of both China and the U.S., an opening up of China to American business,” he posted on his Truth Social platform early on Sunday, adding: “GREAT…
Day: May 10, 2025
Drug trial offers hope for patients with hard-to-treat lung cancer in China, US
A new medication has shown promise as a safe and effective therapy for a hard-to-treat type of lung cancer, according to an international clinical trial led by Chinese and US scientists. Advertisement The findings were published in the New England Journal of Medicine (NEJM) on April 28 and presented at the American Association for Cancer Research Annual Meeting in Chicago on the same day. The researchers found that the oral medication zongertinib outperformed the standard treatment option when treating HER2-mutated non-small cell lung cancer (NSCLC). It works by targeting the…
Heavy equipment maker Sany eyes doubling of overseas revenue after Hong Kong IPO
Sany Heavy Industry, one of China’s largest heavy equipment manufacturers, plans to use the sum of up to US$1.5 billion that it could raise in a proposed Hong Kong initial public offering (IPO) to support global expansion, despite ongoing trade tensions between China and the US, according to an executive. Advertisement The Shanghai-listed company will use the capital to expand its sales and service networks outside China, Jiang Qingbin, vice-president of parent company Sany Group told the Post on Friday. The company, which filed for the IPO in February, is…
What role is Yunnan playing as China looks to Asean for more food?
As rising global uncertainties prompt China to diversify sources of imported food, its Southeast Asian neighbours are becoming increasingly viable suppliers thanks to overseas investment and cooperative farming initiatives, experts say. Advertisement Yunnan, the southwestern Chinese province bordering Myanmar, Laos and Vietnam, plays a key role in regional agricultural cooperation. Its involvement dates back decades to the “alternative crop cultivation programme”, which aimed to reduce opium production in the region by sharing agricultural technology and promoting sustainable economic alternatives. “These neighbouring countries may be relatively weak as consumption markets but…
Starbucks, Luckin get buzz from smaller-city coffee sales in China
As coffee chains in China struggle with a bitter combination of sluggish consumption and cutthroat pricing, Starbucks and Luckin Coffee regained momentum in the last quarter by focusing on lower-tier cities. Advertisement Same-store sales were flat for Starbucks’ China operations in the quarter ended March 30, but a 4 per cent increase in transactions helped to offset a 4 per cent decline in the average tab, the company said last month. This came after the Seattle-based firm suffered an 8 per cent decline in comparable-store sales in the country in…
For Chinese consumers, buying local has become a statement of national pride
As tariff pressures mount and the global order grows increasingly fragmented, China faces a pivotal challenge, not merely in how to navigate external shocks but how to strengthen itself from within. Advertisement US-China trade tensions have only accelerated a deeper transition already under way. For years, Chinese policymakers recognised the vulnerabilities of export-reliant growth – overexposed to global cycles, dependent on foreign demand and reactive to international policy shifts. With rising protectionism and slowing globalisation, China’s evolution towards a domestically driven consumption economy is no longer optional; it is existential.…
Are US weapons at risk as China’s rare earth export curbs choke critical mineral access?
Even as US President Donald Trump suspended his “reciprocal tariffs” on major American trading partners last month, he ramped up existing penalties on Chinese goods, injecting more turbulence into the rocky trade relationship between Beijing and Washington, and new uncertainty into America’s defence industries. Advertisement One of Beijing’s key strategies in the trade war has been to impose calculated export controls on rare earth elements, used for the manufacture of key commercial and military products and space technology. China is the world’s largest producer and consumer of rare earths. It…
India and Pakistan accuse each other of violating ceasefire
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world India and Pakistan accused each other of breaching a ceasefire agreement late on Saturday, just hours after announcing an end to the worst fighting between the two nuclear-armed powers in more than two decades. India’s foreign secretary Vikram Misri said there had been “repeated violations of the understanding arrived at earlier this evening”. “The armed forces are giving adequate and appropriate response,” he said, adding: “We call upon…
India accuses Pakistan of violating ceasefire
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world India accused Pakistan of breaching a ceasefire agreement on Saturday just hours after announcing an end to the worst fighting between the two nuclear-armed powers in more than two decades. India’s foreign secretary Vikram Misri said there had been “repeated violations of the understanding arrived at earlier this evening”. “The armed forces are giving adequate and appropriate response,” he said, adding: “We call upon Pakistan to take appropriate…
China hosts delegation of 100 African military officers to strengthen defence ties
China is hosting nearly 100 young and mid-career African military officers from 40 countries as part of its long-term strategy to deepen defence ties across the continent. Advertisement The delegation, including officers from Egypt, Kenya, Mozambique and Tanzania, will stay until May 15 and visit top military academies in Beijing, Changsha and Shaoshan to learn about China’s military systems and modern technologies, according to China’s Ministry of National Defence. Observers say that by picking young and mid-level military officers, China is building lasting relations and influence as the delegation represents…