China

China cuts US debt holdings to 17-year low, shifts reserves to gold

China has reduced its US Treasury holdings to a 17-year low as part of the continued diversification of its forex reserves towards gold and overseas equity investments amid unsettling ties with Washington. China's holdings of US treasuries fell to USD 682.6 billion in November last year, down from USD 688.7 billion in October, the lowest since 2008, according to data released by the US Department of the Treasury on Thursday. Beijing's move to trim its US holdings came as the foreign ownership of the US debt hit a record high, with Japan and the UK scaling up their holdings, according to the data. Japan's holdings rose by USD 2.6 billion to USD 1.2 trillion, while the UK's pool rose by USD 10.6 billion to USD 888.5 billion. China holds the world's largest forex reserves totalling USD 3.3579 trillion at the end of December 2025, according to the official media reports here. Observers say the reduction of US holdings by China is part of its continued efforts to adjust its strategic .

Canada announces $7 billion trade deal with China to boost exports

Canada has agreed to cut its 100 per cent tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, CBS News reported

Forget Trump's tariffs. The real danger lies in China's trade surplus

China's economic model has certainly delivered growth but in an unbalanced way. Investment in buildings, machinery and equipment became its main driver in recent years

China, India among region's best stock markets for investors, says Mobius

He remains a bull on Indian stocks, citing the government's move to increase spending and investments, particularly in the technology sector

Canada inks trade truce with China in break from Donald Trump's agenda

PM Mark Carney said he expects China to cut tariffs on Canadian rapeseed after meeting Chinese leader Xi Jinping on Friday, in the first visit by a Canadian leader to Beijing in eight years

US firms worry more about China's economy than trade tensions: Survey

US businesses are more concerned about China's slowing economy than trade friction, according to a survey by the American Chamber of Commerce in China released Friday. Of 368 companies responding to the survey, 64% viewed slowing growth in the world's second largest economy as their top worry, while 58% cited US-China trade tensions as a key challenge. One reason for that may be that many US companies have businesses focused on China's huge market of about 1.4 billion people that do not rely on exports back to the US Economists expect China's economy to slow further this year after expanding at about a 5% annual pace in 2025. Growth in exports outpaced imports last year, leading to a record trade surplus of nearly $1.2 trillion. The report said business sentiment has improved from last year. More than half of those responding estimated that they made a profit in 2025, up from less than half last year. It has been a rocky ride for American businesses in recent years, especially aft

China's Xi Jinping, Canada's Mark Carney seek new chapter in relations

Faced with new global challenges, the leaders of China and Canada pledged Friday to improve relations between their two nations after years of acrimony. Xi Jinping told visiting Prime Minister Mark Carney that he is willing to continue working to improve ties, noting that talks have been underway on restoring and restarting cooperation since the two held an initial meeting in October on the sidelines of a regional economic conference in South Korea. It can be said that our meeting last year opened a new chapter in turning ChinaCanada relations toward improvement, China's top leader said. Carney, the first Canadian prime minister to visit China in eight years, said better relations would help improve a global governance system that he described as under great strain. He called for a new relationship adapted to new global realities and cooperation in agriculture, energy and finance. Those new realities reflect in large part the so-called America-first approach of US President Donald

As more Chinese youth live alone, new app bluntly asks: 'Are you dead?'

Today, China has over 100 million households with only one person, according to an annual report from the National Bureau of Statistics of China in 2024

China's record trade surplus ensures global turmoil will continue

China's record trade surplus is less a sign of strength than of a stalled growth model-one that deepens global imbalances and fuels the next wave of trade conflict

Japan, Philippines sign new defence pact as they face China aggression

Japan and the Philippines signed a defense pact on Thursday that would allow the tax-free provision of ammunition, fuel, food and other necessities when their forces stage joint training to boost deterrence against China's growing aggression in the region and to bolster their preparation for natural disasters. Japan has faced increasing political, trade and security tensions with China, which was angered by Prime Minister Sanae Takaichi's remark that potential Chinese action against Taiwan could spark Japanese intervention. Japan and the Philippines have also had separate territorial conflicts with Beijing in the East China Sea and South China Sea that have continued to flare and threaten to draw in the United States, a treaty ally of the two Asian nations. Japanese Foreign Minister Toshimitsu Motegi signed the Acquisition and Cross-Servicing Agreement with Philippine Foreign Secretary Theresa Lazaro in Manila. During the ceremony, Japan also announced new security and economic ...

World leaders turn to China as Trump's tariffs reshape global diplomacy

With Xi, 72, traveling abroad less - he skipped the recent G-20 leaders' summit in South Africa, for example - the impetus is on foreign leaders to subscribe to his home-court diplomacy

China seeks assurances over loans to Venezuela after Maduro's capture

While state-owned China National Petroleum Corp. holds stakes in three joint ventures producing heavy crude in the Orinoco Belt and one in Zulia state, production is limited and uneven

Foreign Secretary Misri meets senior CPC leader to discuss India-China ties

India on Wednesday underlined the need to take "positive steps" to create the right environment for improving ties with China as Foreign Secretary Vikram Misri hosted Sun Haiyan, a senior leader of the Communist Party of China (CPC), focusing on initiatives to rebuild the relations. Sun, the vice minister of the CPC's international department, is currently on a visit to India to explore ways to improve relations between the two countries. In the last few months, both sides have initiated a series of measures to reset their ties that came under severe strain following the deadly clashes between Indian and Chinese troops in Galwan Valley in June 2020. The military stand-off effectively ended in October 2024. In the meeting, Misri emphasised the importance of increasing understanding between the people of the two countries in order to rebuild ties and in this context, highlighted the need to "take positive steps to create the right environment for improved bilateral relations," the ..

Why Chinese travellers are cutting back on duty-free spending overseas

Chinese tourist numbers are rising across Asia, but duty-free sales remain weak as travellers spend less, skip group tours and buy more foreign brands at home instead of overseas

China uses video game 'kill line' to depict US poverty, claim superiority

State media, embracing the gaming phrase "kill line," is asserting China's political superiority over the United States, deflecting focus on China's own economic challenges

Taiwan issues arrest warrant for OnePlus CEO in latest step to block China

Efforts to prevent the poaching of Taiwan's talent and outflow of intellectual property appear to have intensified since President Lai Ching-te took office in 2024

China's 2025 trade surplus hits record $1.2 trillion despite Trump tariffs

Despite a global backlash, Chinese companies aggressively sought out customers in other markets when shipments to the US plunged after President Donald Trump hiked tariffs

Chinese regulators examine foreign ETF trades after probe in Jane Street

Jane Street accounts for less than 2% of overall ETF trading in mainland China, according to a person briefed on the matter

CCP delegation holds talks with RSS, BJP, Congress amid political sparring

A Chinese Communist Party delegation met RSS, Congress leaders in New Delhi after holding talks with the BJP, with the visits prompting a political exchange between the ruling party and the Opposition

EU, China agree on steps to resolve tariffs and pricing for EV exports

China and the European Union said on Monday they have agreed on steps toward resolving their dispute over the bloc's imports of Chinese-made electric vehicles. A statement by China's Commerce Ministry said the EU would issue guidelines on minimum pricing for Chinese auto exporters. It did not directly mention if the deal involved an end to the tariffs of up to 35.3 per cent that the EU imposed on imports of Chinese EVs in 2024 following an investigation. This is conducive not only to ensuring the healthy development of China-EU economic and trade relations, but also to safeguarding the rules-based international trade order, a statement by the commerce ministry said. A guidance document released by the EU gives instructions for EV manufacturers on making price offers, including minimum import prices and other details. It said that wide variations in the types of vehicles made it necessary to set specific minimum import prices "appropriate to remove the injurious effects of the ...