Senior US and Chinese defence officials meet as ‘military-to-military’ dialogue continues

Senior US and Chinese defence officials met in Washington this week in the latest sign of renewed military-to-military communication as the two countries seek to stabilise ties. Alvaro Smith, a deputy assistant secretary of defence for China, Taiwan and Mongolia at the Pentagon, met with China’s Major General Ye Jiang, Deputy Director of the Central Military Commission Office for International Military Cooperation, for the 19th annual US-China Defence Policy Coordination Talks from December 15 to 16, the Pentagon said on Tuesday. Advertisement That was the first face-to-face meeting between the…

Surviving the shocks: what China and the US learned from 2025’s trade war

It has been a turbulent year for the fraught US-China relationship. In the second story in this new series, we look back at the events of 2025, examining how the trade war tested policymakers and firms, forcing a rethink in business, strategy and supply chains. In April, when US President Donald Trump upended global trade by announcing “reciprocal tariffs” on almost all the country’s trading partners, officials in eastern China’s Ningbo – a national export hub – went on a wartime footing. Across the Pacific, a rare earth importer in…

China property stocks still can’t find a floor

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Have Chinese real estate stocks become a bargain? It is a question that comes up every time the sector starts staging a rebound. The result is volatility. For developers’ shares to swing over 20 per cent in a day is no longer unusual. Even stocks like China Vanke, once the most safe and stable of the country’s builders, move dramatically on nothing more than a few hints of policy support.…

Macron: We urgently need to rebalance EU-China relations

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of France China’s trade surplus with the rest of the world now stands at a whopping $1tn. Its surplus with the EU has almost doubled to €300bn in 10 years. The combination of US tariffs and subdued domestic consumption means Chinese exports are now flooding into Europe. This is not sustainable — either for Europe or China.  However, placing tariffs and quotas on Chinese imports would be…

How far must UK go to fend off threat of foreign interference in its elections?

Russia has been attempting to meddle with western democracy for years, but successive governments led by Boris Johnson and others have insisted that the UK’s electoral system can withstand its influence. That argument was recently blown apart by the conviction of former Reform politician Nathan Gill, jailed for 10 years for accepting bribes to advance Russian arguments. And now Steve Reed, the cabinet minister responsible for elections, has admitted there are worries that the UK’s “firewall” against foreign interference may not be strong enough as he ordered an independent review.…

Chile’s sharp shift to the right puts it at the centre of China-US rivalry

Chile’s election of an ultraconservative leader has created another vocal ally for US President Donald Trump in a lithium-rich region where China has emerged as the dominant economic partner, positioning the South American country at the centre of an intensifying superpower rivalry. In what was probably Chile’s sharpest rightward shift since the end of its military dictatorship in 1990, José Antonio Kast, a right-wing former lawmaker who campaigned on Trump-style hardline positions on crime and immigration, won Sunday’s presidential run-off election, defeating the government-backed communist candidate Jeannette Jara. While Kast’s…

UK to hold inquiry into foreign financial interference in domestic politics

An independent review into the impact of foreign financial influence and interference in domestic politics from Russia and other hostile states has been announced after one of Reform UK’s former senior politicians, Nathan Gill, was jailed for accepting bribes from a pro-Kremlin agent. Amid growing concern inside the security services and parliament over the scale of the foreign threat to British democracy, the government-commissioned inquiry will focus on the effectiveness of the UK’s political finance laws. This will include ensuring that regulation can identify foreign influence and that existing safeguards…

US reported to have seized Chinese cargo, Mexico stands by tariffs: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. ‘Testing the waters’? US reported to have seized Chinese cargo bound for Iran The reported US seizure of a ship allegedly carrying Chinese-made dual-use components to Iran might signal Washington was “testing the waters” on reviving an old tactic to pressure Beijing’s ties with its adversaries, but such moves risked breaching international law, analysts said. 2. Why ‘relative stability’ in US-China ties is unlikely…

Tower of peace or sin? Why China demands that a Japanese wartime monument be demolished

Mainland Chinese state media has called for the demolition of a wartime monument in Japan, rekindling a long-standing source of bilateral tension as Beijing and Tokyo remain locked in a diplomatic row over Taiwan. Yuyuan Tantian, a social media account run by Chinese state broadcaster CCTV, said on Saturday that Japan seized more than 370 stones from the countries it invaded during the second world war – mostly from China – and used them to build Hakko Ichiu Tower, which the account described as “a tower of sin” promoting militarist…

Japan spelled out its stance on Taiwan. It’s what Tokyo didn’t say that angers Beijing

China has accused Japan of attempting to “mislead the public and hope that somehow the issue would resolve itself” after its foreign minister selectively quoted its position on Taiwan from a joint communique that was the foundation of establishing their diplomatic ties in 1972. During a parliamentary session on Monday, Foreign Minister Toshimitsu Motegi repeated Tokyo’s position on Taiwan as stated in the document that established and normalised ties with Beijing, although he did not read out parts of that document and others that reflected China’s stance on the Taiwan…