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After months of threats, chest-thumping and uncertainty, the world breathed a collective sigh of relief on Thursday after a meeting between US President Donald Trump and Chinese President Xi Jinping teased at least temporary relief on a host of bilateral trade irritants. US Treasury Secretary Scott Bessent announced that China had agreed to buy 12 million metric tons (13.28 tons) of soybeans this year and at least 25 million annually through 2028, a key issue for anxious US farmers after Beijing...

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The Dutch government is under renewed pressure to end its seizure of the Chinese-owned, Netherlands-based semiconductor company Nexperia, after Washington agreed to suspend its updated export control rule for one year. After a meeting between Chinese President Xi Jinping and his US counterpart Donald Trump on Thursday, China’s Ministry of Commerce said Washington would temporarily halt the implementation of its so-called 50 per cent subsidiary rule. Introduced in late September, that rule...

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1. ‘Amazing’ Xi-Trump summit, as it happened – deals struck as trade war thaws Chinese President Xi Jinping has held talks with his American counterpart Donald Trump, their first in-person meeting since Trump’s return to the White House, as the rivals seek to manage heightened tensions, particularly over trade.
2. ‘Positive step’: cautious relief as China...

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Amid the apparent absence of a concrete deal being reached with Washington on one of Beijing’s long-standing points of trade contention – export controls on the most advanced semiconductors – analysts say it reflects China’s increasing resolve to become more independent from the US. After a meeting with President Xi Jinping in South Korea on Thursday morning, US President Donald Trump said the two sides “did discuss chips”. “China is going to be talking to Nvidia and others about taking chips …...

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Police in Shenzhen, the technology hub in southern China’s Guangdong province, have smashed a syndicate selling counterfeit imported chips to mainland manufacturers, according to local media, exposing an underground market for high-end semiconductors amid US export controls. The syndicate’s modus operandi was to collect discarded chips, which were laser-polished and relabelled, and sold as imported products from Infineon Technologies, Texas Instruments and Analog Devices, according to a report...

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China and the United States have reached a truce on thorny issues ranging from soybeans and rare earths to fentanyl, following Thursday’s meeting between Presidents Xi Jinping and Donald Trump in South Korea. Trump hailed the talks at the Gimhae Air Base in Busan as a “great success” and said he had agreed to visit China in April. He added that Xi would visit the US “some time after that”. The summit may help the two countries’ relationship enter a “more constructive phase” following a series of...

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If the US hopes to rebuild a competitive shipbuilding industry and narrow China’s commanding lead, it should adopt some lessons from Beijing – emphasising long-term planning, steady government funding and policy consistency, witnesses told a US Senate hearing this week. China’s phenomenal rise in the global shipbuilding sector has caught the attention of Washington’s policymakers who are keen to restore the nation’s commercial fleet and production capacity, leading many to blame China for...

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China is expected to expand and modernise its nuclear arsenal to narrow the gap with the US and Russia following Beijing’s fresh pledge to strengthen its “strategic deterrence” to safeguard the global balance, according to analysts. The pledge was part of the proposed 15th five-year plan which was endorsed last week by the Communist Party’s Central Committee and will cover the years 2026-2030. Details of the proposal were released on Tuesday, including a pledge to “strengthen strategic...

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South Korean President Lee Jae-myung said Seoul aimed to work with Beijing to advance practical cooperation in trade, supply chains and people-to-people exchanges to improve ties based on “friendly competition” and “equal cooperation”. Lee made the remarks in an interview with China’s state-run Xinhua news agency published a day ahead of Chinese President Xi Jinping’s arrival in the South Korean city of Busan on Thursday. This marks Xi’s first visit to South Korea in 11 years, following his last...

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This article was first published on October 29, 2015 by Cary Huang China puts an end to its one-child policy The main­land will abol­ish its dec­ades-old, con­tro­ver­sial one-child policy and allow all couples to have two chil­dren, Com­mun­ist Party lead­ers said on October 29, 2015 after they wrapped up a four-day annual poli­cy­mak­ing meeting. The fifth plenum of the party’s 18th Cent­ral Com­mit­tee also endorsed a new five-year eco­nomic plan, accord­ing to a communique released by...

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All eyes are now on Thursday’s meeting between President Xi Jinping and US President Donald Trump in South Korea. Their first in-person encounter since Trump’s return to office in January will build on several rounds of trade talks between the two sides that have touched on issues ranging from tariffs to export controls. In this explainer, the Post outlines the key pain points between the world’s two largest economies – and whether they are likely to be addressed. What issues may be agreed on by...

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1. Why Trump’s unpredictability and inconsistency could hamper meeting with Xi As US President Donald Trump and Chinese President Xi Jinping attempt to stabilise US-China trade relations on Thursday, a major problem unlikely to go away, no matter what the outcome, is the disjointed signalling and mixed messaging coming out of Washington, undercutting trust and...

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Meituan expects to raise US$3 billion from a dual-currency bond offering, as the Chinese on-demand delivery giant looks to bolster its war chest to stave off the challenge from rivals led by Alibaba Group Holding and JD.com. The Beijing-based company will offer US$1.99 billion in greenback-denominated bonds and 7.08 billion yuan (US$1 billion) of notes in the local currency, according to its statement to the Hong Kong stock exchange on Wednesday. Meituan said it had signed an agreement with...

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In a major leap for the global semiconductor industry, a joint Chinese research team has developed a method that can slash defects in lithography – a critical step in chipmaking – by up to 99 per cent. The researchers achieved unprecedented clarity by using cryo-electron tomography (cryo-ET) to pinpoint, for the first time, the minute sources of common manufacturing flaws. The findings, published in the journal Nature Communications on September 30, by Professor Peng Hailin from Peking...

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The high-stakes summit between Chinese President Xi Jinping and his US counterpart, Donald Trump, took place in Busan, South Korea, on Thursday and lasted 100 minutes. It marked their first in-person meeting since Trump returned to the White House for his second presidential term, having last met in 2019.

1. Personal warmth on display The two exchanged cordial greetings and praised each other. Trump called Xi his “friend”, describing Xi as a “very distinguished and respected president” and “a...

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Chinese electric vehicle (EV) maker BYD recorded surging sales in Europe last month after it launched more models and expanded its sales network, narrowing its gap with market leader Tesla. The Shenzhen-based carmaker racked up 24,963 new-car registrations in Europe in September, nearly five times its deliveries of 5,013 units a year ago, according to data from the European Automobile Manufacturers Association, known as the ACEA. The association tracks vehicle sales across the European Union,...

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Beijing has staged a rare high-profile display of its bombers during drills near Taiwan – a clear signal to potential external parties – ahead of an expected summit between President Xi Jinping and US President Donald Trump in South Korea this week. Several H-6K bombers – one of the most advanced variants of the People’s Liberation Army’s H-6 family – recently carried out simulated confrontation drills over air and sea areas surrounding Taiwan, according to a programme broadcast by state-run...

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Award-winning Xie Zhenfei, a Harvard University rising star in cutting-edge research aimed at an HIV vaccine, has left the US and joined China’s leading biosafety laboratory in Wuhan. Xie made headlines in May last year as first author of a landmark paper published by the journal Science that showed a way to use mRNA technology – used to develop vaccines during the Covid-19 pandemic – to develop an effective vaccine against HIV/Aids. The method addresses the main challenge to a vaccine – the...

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This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app. Chinese President Xi Jinping will hold talks with his American counterpart Donald Trump, their first in-person meeting since Trump’s return to the White House, as the rivals seek to manage heightened tensions, particularly over trade. The closed-door talks are expected to start at 11am...

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Hong Kong’s de facto central bank cut the base interest rate for the second time in six weeks, further reducing the cost of funding to help reboot the city’s businesses and reduce the burden on mortgage borrowers. The Hong Kong Monetary Authority (HKMA) cut the base rate by a quarter point to 4.25 per cent on Thursday, hours after the US Federal Reserve pared its target rate by the same margin to a range of 3.75 per cent to 4 per cent during the seventh meeting of the Federal Open Market...

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Democrats in the US House of Representatives and Senate are urging President Donald Trump not to ease national security restrictions on China for a trade deal, hours ahead of his expected meeting with Chinese President Xi Jinping. “America’s export controls, investment safeguards, and our long-standing security partnerships must not be on the negotiating table,” a group of 12 senators led by Chuck Schumer, the chamber’s top Democrat, wrote in a letter to the Republican president on...

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At last week’s fourth plenary session of the Central Committee of China’s Communist Party in Beijing, food emerged as a clear policy priority. The plenum’s communique highlighted the goal of accelerating China’s transformation into an agricultural power. A leading agricultural producer and importer and a significant exporter, China is doubling down on its next agricultural milestone ahead of the official approval of the 15th five-year plan (2026-2030) early next year. While detailed...

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American soybean farmers got some rare good news on Wednesday just hours before a high-stakes meeting between Chinese President Xi Jinping and US President Donald Trump when news broke that Beijing had placed its first order after months of trade tension that saw shipments blocked. The Trump administration hailed the move as a “positive step forward” for farmers, touting the “America first” leader’s deal-making prowess. US growers, meanwhile, called the purchase “encouraging” and said they’re...

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German Vice-Chancellor Lars Klingbeil is set to chair talks between his Social Democrat Party (SPD) and the Chinese Communist Party (CCP) in Beijing next month, even after Foreign Minister Johann Wadephul was forced to postpone a trip to China after being unable to arrange enough meetings. The SPD and CCP meeting will take place in Beijing from November 17 to 19, several sources confirmed, as the two parties continue a long-standing tradition of dialogue. Klingbeil is the leader of the SPD, but...

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