Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent have started a new round of trade talks in Kuala Lumpur, paving the way for a possible meeting between the presidents of the world’s two largest economies. Advertisement The two sides are expected to discuss issues crucial to China-US economic and trade relations, China’s Ministry of Commerce confirmed on Thursday. The meeting in the Malaysian capital marks the fifth face-to-face meeting between He and Bessent since US President Donald Trump escalated his trade war in April. Bilateral relations between the…
Day: October 24, 2025
China, South Korea eye ‘symbolic restart’ for ties during Xi’s visit: experts
For the first time in more than a decade, Chinese President Xi Jinping will visit South Korea next week, travelling to the historic city of Gyeongju for talks with South Korean President Lee Jae-myung as well as to attend the Asia-Pacific Economic Cooperation (Apec) summit. Advertisement While the trip carries limited expectations for immediate breakthroughs, it is seen as a carefully calibrated step towards resetting strained China-South Korea ties, according to experts. Xi’s last visit in 2014, at the height of Beijing-Seoul relations, culminated in a free-trade agreement that took…
US senators call on Trump to show support for Jimmy Lai in meeting with Xi
A bipartisan group of 38 US senators is urging President Donald Trump to use his expected summit with Chinese President Xi Jinping in South Korea next week to secure the release of former Hong Kong media mogul Jimmy Lai Chee-ying, the latest in the US Congress’s efforts to get human rights on the agenda of the high-stakes meeting. Advertisement In a letter released on Friday, the lawmakers described Lai as a political prisoner and said the case for his release was “more dire than ever” due to his worsening health.…
The STEM crisis in China’s universities: how outdated courses are wasting talent
Advertisement “The education system fundamentally shapes future development potential and opportunities,” Wang said, adding that for an intelligent individual entering university, studying frontier knowledge versus 20-year-old textbook materials created “a stark gap”. Born in 1990 in Zhejiang province in eastern China, the tech entrepreneur did not study at one of the country’s most sought-after universities. During his undergraduate and master’s studies at local universities in Zhejiang and Shanghai, he devoted his time and passion to building low-cost robots, launching his entrepreneurial career soon after graduation. Advertisement As the world enters…
Canada’s PM Carney courts Asia to cut economic dependence on US
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mark Carney begins his first trip to Asia as Canadian prime minister at the weekend, hoping the region can help him cut his country’s economic dependence on the US by doubling its trade with the rest of the world. “We are re-engaging with the global giants India and China,” Carney said this week as he announced the target of increasing trade with non-US partners by almost $300bn over a decade.…
Trump clears way for new China tariffs and hits out at Canada
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump triggered a new bout of global trade turmoil on Friday, as his administration cleared the way for new tariffs on China and the US president lashed out at Canada, a day after having cut off talks with his country’s northern neighbour. The US trade representative’s office began a probe that could lead the way to further duties on imports from China, an announcement that came just…
Trump turns up the heat with probe into China’s compliance with 2020 trade deal
In a move that piles up further US leverage in advance of next week’s planned meeting between US President Donald Trump and Chinese President Xi Jinping, the US Trade Representative announced an investigation on Friday into Beijing’s compliance with the Phase One Trade Agreement. Advertisement The latest tit-for-tat salvo comes as the two economic giants amass threats that, if carried through, could cripple the global economy. “The initiation of this investigation underscores the Trump administration’s resolve to hold China to its Phase One agreement commitments, protect American farmers, ranchers, workers…
Rare earth miners are set to come back down to earth
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What alchemy lies behind producers of rare earth elements? The thimble-sized universe of listed companies — dominated by MP Materials and Lynas — has gained about $17bn in market value this year to reach $24bn. That’s pretty impressive given they operate in a market with an annual turnover of $6.5bn, according to Goldman Sachs, and which is dominated by Chinese players. Rare earths, like the broader universe of critical minerals,…
German foreign minister cancels China trip amid mounting tensions
Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. Germany’s foreign minister has cancelled a visit to China days before his planned departure in a sign of mounting tensions between Berlin and Beijing over trade and the war in Ukraine. Johann Wadephul had been due to depart for the Chinese capital on Sunday for two days of meetings with his counterpart Wang Yi — his first official visit to China since Germany’s new government led by Chancellor Friedrich Merz…
Modest hopes for Xi-Trump summit as China and US count down to South Korea talks
As the presidents of China and the United States prepare to meet in South Korea next week, observers remain sceptical of breakthroughs but see potential for incremental steps towards mutual de-escalation of US-China tensions. Advertisement Without confirming a bilateral meeting with Donald Trump, China’s foreign ministry said on Friday that Xi Jinping would visit South Korea from October 30 to November 1 for the Asia-Pacific Economic Cooperation (Apec) summit in Gyeongju. The White House, however, announced on Thursday that the two leaders would meet on the morning of October 30,…