Alibaba's Qwen3-Max AI model earned top spot in a real-market crypto trading test, while DeepSeek AI came second with nearly 5 per cent gains
Two decades of sustained effort to build national self-reliance and minimize imports have antagonized trade partners but fortified what a senior adviser called Beijing's "bulwark" against conflicts
The US president also sought to mend ties with Southeast Asian nations that have leaned closer toward Beijing as Trump took aim at their economic growth engines
The White House issued a fact sheet on Saturday outlining some details of the trade pact agreed to earlier this week by President Donald Trump and Chinese leader Xi Jinping
Leaders of 21 Asian and Pacific Rim nations opened their annual summit Friday to discuss how to promote economic cooperation and tackle shared challenges, a day after President Donald Trump and Chinese President Xi Jinping agreed to take steps to ease their escalating trade war. This year's two-day Asia-Pacific Economic Cooperation summit in the South Korean city of Gyeongju has been heavily overshadowed by Thursday's Trump-Xi meeting. Trump described the meeting as a roaring success, saying he would cut tariffs on China, while Beijing had agreed to allow the export of rare earth elements and start buying American soybeans. Their deals were a relief to the world economy, as experts previously warned that a failure to dial down trade tensions between the world's two largest economies were certain to deepen global economic uncertainties. Established in 1989 during a period of increased globalisation, APEC represents more than half of global trade. The forum champions free and open t
China's promise to delay its newest restrictions on the export of the rare earths that are crucial to many high-tech products for one year as part of a trade agreement President Donald Trump secured creates an opportunity for the US and its allies to bolster their own production and processing capabilities. But it will be hard to undercut China's stranglehold on the market. The restrictions China imposed on rare earths this year have been a key issue in the trade talks between Beijing and Washington. Trump responded angrily to China's latest rules with a threat to impose an additional 100% tariff on all Chinese imports, but he has since dropped that demand as part of this agreement. This week's deal will delay the regulations that would have required foreign companies to get special approval to export items that contain even small traces of rare earths elements sourced from China even if those products were made elsewhere by foreign companies, but it doesn't eliminate restrictions ..
US tariff cut on Chinese goods renders India's higher production costs unsustainable, threatening the recent surge in iPhone exports
US is expected to take Trump's threat of 100 per cent tariffs on Chinese goods off the table while China is expected to delay export controls on critical minerals, and revive soyabean purchase
The shipments are booked for loading and possible delivery later this year, according to people familiar with the matter. They asked not to be named as they are not authorized to speak to media
The Trump administration has been signalling that it may have finally reached a deal with China to keep TikTok running in the US, with the two countries finalising it as soon as Thursday. President Donald Trump is visiting South Korea, where he will meet with Chinese President Xi Jinping to try to de-escalate a trade war. Treasury Secretary Scott Bessent told CBS's Face the Nation Sunday that the two leaders will consummate that transaction on Thursday in Korea. If it happens, the deal would mark the end of months of uncertainty about the fate of the popular video-sharing platform in the United States. After wide bipartisan majorities in Congress passed and President Joe Biden signed a law that would ban TikTok in the US if it did not find a new owner in the place of China's ByteDance, the platform was set to go dark on the law's January deadline. For a several hours, it did. But on his first day in office, Trump signed an executive order to keep it running while his administrat
Donald Trump said the US is doing a trade deal with India and that the two countries have a 'great relationship'
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
New Delhi would seek a reciprocal US tariff of 20 per cent or less and a swift deal, fearing Indian exporters could fall further behind Southeast Asian rivals if negotiations drag on
The exact outline of what has been decided is not known - and may never be known - especially if one or both the leaders end up rejecting it
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
US Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng on the sidelines of Asean summit
The Chinese economic officials are meeting with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer
President Donald Trump headed for Asia for the first time this term, a trip where he is expected to work on investment deals and peace efforts before meeting face-to-face with Chinese President Xi Jinping to try to de-escalate a trade war. I think we have a really good chance of making a very comprehensive deal, Trump told reporters traveling with him on Air Force One. He said he plans to discuss fentanyl trafficking with Xi, as well as China's lack of soybean purchases from the United States. "I want our farmers to be taken care of. And he wants things also, Trump said. The Republican president is using the trip to try to advance his diplomatic bona fides after recently brokering a ceasefire and hostage agreement between Israel and Hamas. During a refueling stop in Qatar on his long-haul flight to Malaysia, Trump met briefly aboard his plane with the ruling emir, Sheikh Tamim bin Hamad Al Thani, and the prime minister, Sheikh Mohammed bin Abdulrahman Al Thani. Trump said they talke
The Malaysian government and the U.S. and Chinese sides have provided few details about the meeting or any plans to brief the media about outcomes