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 economy expanded at the slowest annual pace in a year in July- September, growing 4.8 per cent, weighed down by trade tensions with the United States and slack domestic demand. The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2 per cent pace of growth in the previous quarter, the government said in a report Monday. In January-September, the world's second largest economy grew at a 5.2 per cent annual pace. Despite US President Donald Trump's higher tariffs on imports from China, the country's exports have remained relatively strong as companies shifted their sales to other world markets. Tensions between Beijing and Washington remain elevated, and it's unclear if Trump and Chinese leader Xi Jinping will go ahead with a proposed meeting during a regional summit at the end of this month. Xi and other ruling Communist Party members are convening one of China's most important political meetings for the year on Monday,
China has claimed that the US National Security Agency conducted years-long cyberattacks on its National Time Service Centre in Xi'an, targeting internal networks and devices
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
Trump also confirmed he would meet with Chinese President Xi Jinping in two weeks in South Korea - a meeting he had cast doubt on last week - and expressed admiration for the Chinese leader
Trade tensions between US and China have intensified after Beijing expanded its rare earth export controls
This comes after China's Ministry of Commerce (MOFCOM) on Tuesday announced sanctions against five US-based subsidiaries of South Korea's Hanwha Ocean
When asked about reports concerning Chinese port fees imposed on US vessels, Trump downplayed their significance
The Ministry of Commerce said Tuesday it was placing limits on five US entities of Hanwha Ocean Co., one of South Korea's biggest shipbuilders
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
Cosco Shipping could face $1.5-2.1 billion in US port fees in 2026, OOIL up to $654 million, while non-Chinese carriers see limited impact due to use of non-China-built ships
China accounts for 90% of all rare earth elements processing, a figure that rises to 99% for heavy rare earth processing
Early this year, Trump's administration announced plans to levy the fees on China-linked ships to loosen that country's grip on the global maritime industry and bolster US shipbuilding
China rejects recent US sanctions, calls high tariffs counterproductive, and urges Washington to resolve differences through dialogue based on equality, respect, and mutual benefit
The US is ramping up efforts to secure key minerals, aiming to reduce its reliance on China for materials critical to defence systems, technology and manufacturing
The strength of demand from markets other than the US means that Chinese firms should be less affected by the further increase in tariffs threatened by President Donald Trump
US president's move follows China's warning of sweeping export controls from November 1, reigniting fears of global trade disruption ahead of possible Xi-Trump talks at APEC
Amid US-China trade tensions and economic vulnerabilities, India must seize the "China +1" opportunity, deepen reforms, secure FTAs, and globalise its firms for long-term growth
Stock market investors this week would track the renewed tariff tensions between the US and China, domestic inflation data, besides, quarterly earnings from blue-chips HCL Tech, Infosys and Reliance Industries would also drive the momentum in equities, analysts said. Moreover, global market trends and geopolitical developments would also drive investors' sentiments. "Markets direction this week will hinge on a mix of domestic cues, global macroeconomic trends, and corporate earnings. The renewed escalation of the USChina tariff war, which sparked a sharp sell-off on Wall-Street on Friday, is expected to dampen global risk sentiment. This resurgence in trade tensions could spur dollar outflows, adding further pressure on emerging market equities and currencies," Ponmudi R, CEO Enrich Money, an online trading and wealth tech firm, said. US markets ended sharply lower on Friday. The Nasdaq Composite tanked 3.56 per cent, while S&P 500 tumbled 2.71 per cent and Dow Jones Industrial ..