We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Trump faces rare pushback within his party over tariffs as polls slide Photo: AP President Donald Trump faced noteworthy pushback in February over his signature tariff policy in the US Congress while his popularity slipped and more lawmakers in his party appeared willing to risk his wrath. Read the full story here. 2. US Treasury chief…
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UK proposes audit changes to attract Chinese listings
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK accounting regulator is considering changes to strict auditing rules to encourage more Chinese companies to list in London in response to a government push to revive the City’s flagging stock market. The change, put forward by the Financial Reporting Council on Monday, would permit Chinese-registered entities to employ domestic auditing standards when they use London to offer global depositary receipts — securities that allow investment in companies listed…
Trump donor who criticized offshoring to close Ohio plant and move work to China
John Paulson, a hedge fund billionaire and one of Donald Trump’s earliest Wall Street backers, is planning to offshore an Ohio manufacturing plant to China despite heavy pushback from employees. Workers at the plant call the move “a slap in our face”, after Paulson vocally defended domestic manufacturing, and are fighting to keep the plan open. Conn Selmer, the largest US manufacturer of brass and orchestra instruments, told the union it planned to offshore most work at its East Lake, Ohio, plant to China by the end of June 2026,…
Steve Durst – the US citizen space diplomat who reached out to China
Steve Durst, a US space entrepreneur who spent decades building rare bridges with China’s space sector despite restrictions on official cooperation, has died aged 82. Durst, who founded the non-profit International Lunar Observatory Association (ILOA), was publishing on China’s astronaut training as early as 1980, when the country’s human space flight ambitions were still little known to the outside world. He died at his home in California last month, shortly after attending a workshop in Chiang Mai, Thailand. 01:57 China’s Chang’e-6 mission returns to Earth with first samples from moon’s…
Chinese journalists who accused a Communist Party official of corruption released on bail
Liu Hu, 50, a veteran Chinese investigative reporter, and his colleague, Wu Yingjiao, 34, were taken into custody on suspicion of “making false accusations” and conducting “illegal business operations”, police in Chengdu’s Jinjiang district said on February 2. In an article posted last month that has since been taken down, the two cited a source as alleging that Pu Fayou, party secretary of Pujiang county, which is overseen by Chengdu, had abused his authority to suppress private enterprises. Advertisement The reporters’ article said other county officials had been involved in…
Will Chinese ‘involution’ do to robots and AI what it’s already done to EVs?
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. You know the China story. Population? Huge. Economy? Very huge. Trade surpluses? Really huge. Maybe too huge. Even as China floods the world’s markets with electronics, electric cars, and other high-tech goods, its own domestic demand for most products remains stubbornly weak. Retail sales are low. Oversupply of products is rampant. The country’s producer price index has been negative for three years. One culprit? What economists are now calling “involution”:…
China’s first man in space Yang Liwei officially retires from active duty
China’s first man in space, Yang Liwei, has officially retired from active duty, but he has not stopped training and remains ready to don a spacesuit again if needed. He said in a CCTV interview on Saturday that the country’s first group of astronauts had been grounded in October according to regulations, but “if our motherland needs us, we can resume flights”. Yang, now a deputy chief designer for China’s crewed space programme, was the first Chinese national to reach Earth’s orbit in 2003. Advertisement On October 15 of that…
China’s green energy leader Inner Mongolia starts work on new ‘flexible’ power plants
The Chinese region of Inner Mongolia expects to start work this year on two new “flexible” power plants mixing coal and green energy. The plants, which will provide power to the eastern economic hubs of Shanghai and Jiangsu province, mark a major strategic shift in the use of coal because the fossil fuel will now be used to plug gaps in the power generated by wind and solar energy rather than being the primary source of energy. Advertisement The autonomous region’s energy bureau said the National Energy Administration had approved…
TikTok creator ByteDance vows to curb AI video tool after Disney threat
ByteDance, the Chinese technology company behind TikTok, has said it will restrain its AI video-making tool, after threats of legal action from Disney and a backlash from other media businesses, according to reports. The AI video generator Seedance 2.0, released last week, has spooked Hollywood as users create realistic clips of movie stars and superheroes with just a short text prompt. Several big Hollywood studios have accused the tool of copyright infringement. On Friday, Walt Disney reportedly sent a cease-and-desist letter to ByteDance which accused it of supplying Seedance with…
UBS China venture faces wrath of silver investors after valuation change increases losses
Thousands of Chinese retail investors spent the last day of the Year of the Snake on Monday filing complaints against UBS SDIC Fund Management for an overnight valuation change that caused steep losses for holders of its silver fund, even after the firm offered remedies. More than 200,000 people lodged complaints against the operator of the country’s only silver fund after the controversial change on February 2, according to Xiaofei Bao, an online Chinese consumer protection platform. The switch came amid a silver crash on January 30, when global prices…