Trump's proposed meeting with Xi will take place on the sidelines of the Apec summit, making it the first between the two leaders since the US President returned to office in January this year
The benchmark Shanghai Composite Index ended 1.2% higher, slightly shy of the psychologically significant 4,000 mark, while the blue-chip CSI300 Index was up 1.2%
Asian shares rallied and US futures jumped Monday, with Japan's benchmark Nikkei 225 topping 50,000 for the first time. Work on trade deals that might alleviate friction between the US, China and other major trading partners contributed to upbeat sentiment as US President Donald Trump visited Malaysia for a summit of Southeast Asian nations where he reached preliminary trade agreements with Malaysia, Thailand, Cambodia and Vietnam. A trade deal between the United States and China was drawing closer, officials from the world's two largest economies said Sunday as they reached an initial consensus for Trump and Chinese leader Xi Jinping to try to finalise during a high-stakes meeting later in the week. This isn't just photo-op diplomacy. Behind the showmanship, Washington and Beijing's top trade lieutenants have quietly mapped out a framework that might, just might, keep the world's two largest economies from tearing up the field again, Stephen Innes of SPI Asset Management said in a
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
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
Malaysia is in discussion for a potential critical minerals deal with the US, Investment, Trade and Industry Minister Zafrul Aziz said on Saturday
More than 30 lawmakers signed a letter headed by Scott, a US senator from Florida, asking Trump to raise the issue of Lai, noting that Lai is suffering from deteriorating health
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
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
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
China's Communist Party vows to modernise its industry, strengthen tech self-reliance, improve people's welfare and expand domestic demand under its 2026-2030 plan
Despite double-digit drops in the value of overall trade during the past half a year, some products have recently seen an increase from 2024
The US President also highlighted ongoing tariff discussions between the two economic powerhouses, suggesting that Beijing was concerned about the level of tariffs imposed by the US
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
One of China's most important meetings begins on Monday, as leader Xi Jinping and other ruling Communist Party elites gather to map the goals for the next five years. The closed-door gathering known as the fourth plenum is expected to last four days and will discuss and put the final touches on China's next five-year plan, a blueprint for 2026-2030. The leaders are meeting at a time of heightened trade tensions between Washington and Beijing and just ahead of a possible meeting between Xi and US President Donald Trump during a regional summit later this month. Here is what to know about the meeting: What the fourth plenum is and why it matters ---------------------------------------------------- The fourth plenum refers to the fourth plenary session, one of typically seven during the five-year term of the Chinese Communist Party's central committee. Xi and about 370 members of the central committee are expected to attend. The gathering also may coincide with personnel changes.
A little over a week ago, Trump raised the prospect of canceling his first in-person meeting with China's President Xi Jinping since he returned to the White House
The PLA's top anti-corruption body investigated the officials and found they had broken Party rules and were suspected of serious crimes involving large sums of money