Beijing has long supported strategic enterprises, either directly or through indirect means like inexpensive loans or a helping hand with permits, a far cry from West's economically driven approach
According to the US Navy's Pacific Fleet, the incidents took place on Sunday during separate routine operations over the disputed waters
China's ambition to challenge Boeing and Airbus with its own homegrown passenger jet is running into turbulence, with deliveries of finished aircraft likely to fall far short of its target announced for this year. The C919 jet -- a single-aisle passenger plane aiming to rival Boeing's 737 and Airbus' A320 is made by state-owned aircraft manufacturer COMAC. Beijing is showcasing it as evidence of China's technological advancement and progress in self-reliance, though it uses many Western sourced components. Trade friction with Washington threatens to prevent COMAC from securing core parts for the programme that has been supported by huge Chinese government subsidies. COMAC faces significant risk from the volatile policy environment, with its supply chains vulnerable to export restrictions and tit-for-tat measures between the US and China, said Max J. Zenglein, Asia-Pacific senior economist at The Conference Board think tank. The C919 has 48 major suppliers from the US -- including
Xi and Trump are expected to sign off on the terms this week in South Korea when they sit down in person for the first time since the US president returned to power
"I think we have a very successful framework for the leaders to discuss on Thursday," Bessent told reporters
Malaysia is in discussion for a potential critical minerals deal with the US, Investment, Trade and Industry Minister Zafrul Aziz said on Saturday
A successful Trump-Xi meeting, as predicted by US president, will inject calm into markets and likely revive appetite for risk assets from Asian shares to regional currencies tied to China's economy
U.S. officials are launching an investigation into whether China lived up to its commitments under a 2020 trade pact that President Donald Trump described at the time as an incredible breakthrough.' The announcement Friday by U.S. Trade Representative Jamieson Greer came the same day Trump was scheduled to head to Asia, where he said he will meet Chinese President Xi Jinping in an effort to ease trade tensions between the world's two biggest economies. Beijing has announced that Xi will travel to South Korea to attend a regional economic meeting and for a state visit, but it has yet to confirm that he will meet with Trump while both are in South Korea. The possible leaders summit is highly watched as trade tensions have risen again, with both countries imposing more trade restrictions on the other and Trump threatening a new 100% tariff on China. Beijing has demanded that the U.S. not threaten new restrictions while seeking talks with China, and it's not immediately clear how Greer'
The majors have begun to assess the curbs, as well as similar moves by the EU, according to people with knowledge of the situation, asking not to be identified discussing sensitive issues
As the US government shutdown blots out most economic data, the spotlight is on Friday's consumer price figures for signals about next week's policy meeting at the Federal Reserve
Trump has also floated an elusive agreement on nuclear weapons and expressed a desire to convince Xi to pressure Russian President Vladimir Putin to end his invasion of Ukraine
Trump will meet Chinese President Xi Jinping on October 30 on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in Busan, South Korea
A broad rally sent all three major US stock indexes to a sharply higher close overnight with chip stocks hitting a record high
Trump warned of potential steep tariffs on Chinese goods if a trade deal isn't reached after his meeting with Xi Jinping later this month. However, he expressed his optimism for a 'fair' agreement
Greer's warning comes amid ongoing US-China maritime disputes, with China controlling over half the world's shipbuilding and seeking greater influence in the South China Sea
China's unprecedented move on rare earths sparked a global pushback over the past week, as officials from Europe and Japan voiced concerns over supply chain stability
President Donald Trump expressed optimism that talks with Chinese officials could yield an agreement to defuse the crisis that saw the US leader threaten to drastically hike tariffs
Apple's iPhone Air sold out within minutes of its launch in China on Friday, notwithstanding the current tariff war between Washington and Beijing. The new iPhone instant sale also underscores its popularity among Chinese consumers despite competition from Android devices. The strong sales followed Apple CEO Tim Cook's visit this week to promote the product in the world's largest smartphone market amid ongoing geopolitical tensions between China and the US. Cook is the chairman of an advisory body at China's Tsinghua University's management school. During his visit, he also met Chinese Vice-Premier He Lifeng, who heads China's trade delegation, which is currently holding trade talks with the US to resolve tariffs on Chinese exports. Pre-sales for the iPhone Air, which supports only e-SIM, began at 9 am local time on Friday, more than a month later than most of the world. Minutes after bookings opened, the model was sold out at all bricks-and-mortar stores in Beijing and Shanghai,
China's move has rekindled tensions between the world's two largest economies, with President Trump threatening to increase already substantial tariffs on Chinese imports
Approvals are taking longer, although generally still within the commerce ministry's 45 business day deadline, but the scrutiny is now similar to April, at the height of the trade war