Tag: China

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded talks in New ​York on Sunday with the US side proposing a new AI safety notification mechanism for US President Donald Trump and Chinese President Xi Jinping to consider at their summit this ‌week.

China said President Xi Jinping will travel to the US to meet Donald Trump, a visit that comes with a one-year trade truce winding down.

President Donald Trump can now impose tariffs of up to 100% on countries purchasing oil from Russia, putting China and India squarely in the crosshairs.

China’s holdings of US Treasuries have fallen to the lowest since August 2008, underlining a shift in Beijing’s management of its reserves and a deepening rift between the world’s two largest economies.

China’s investment slump deepened and retail sales growth slowed further in August, while industrial output topped estimates with authorities warning of acute supply-demand imbalance at home.

China’s factory-gate inflation gathered pace in August and consumer price growth quickened, ​driven largely by elevated energy costs tied to supply risks from the Middle East war, even as underlying domestic ‌demand remained subdued.

China’s trade growth picked up in August, though imports missed expectations, a sign that domestic demand remains tepid as the world’s second-largest economy faces mounting pressure to rebalance trade.

China’s finance ministry will lead a combined $54 billion capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.

Some Chinese rare earth suppliers are declining to ship to the U.S. for fear of repercussions from Beijing, three sources said, ​underscoring how access to the materials remains an issue for the U.S. weeks before President Xi Jinping visits Washington.

Beijing has warned the US that it would retaliate against any significant expansion of the Trump administration’s new secondary sanctions relating to Iran that hit Chinese companies.

China’s industrial output softened last month and consumer spending was muted, underlining pressure on the country’s top leadership to accelerate fiscal stimulus spending and revive stronger growth in the second half of the year.

ASML’s stock fell Tuesday after a report that China is mass-producing a critical tool that the Dutch tech giant has long held a monopoly over.

China’s industrial profits rose 15.1% in June from a year earlier, according to data released Monday by the National Bureau of Statistics, slowing for a second straight month as easing energy prices took the edge off the price gains that had driven this year’s rebound.

Chinese startup Moonshot AI has unveiled a new model it says closes the gap with leading U.S. offerings and surpasses OpenAI and Anthropic’s most capable systems on some benchmarks.

China’s economy in the second quarter expanded at its weakest pace since the fourth quarter of 2022, reinforcing calls for policy stimulus as an accelerating slide in investments deepened the strain on growth, while consumption stayed subdued.

China’s trade growth accelerated far more than expected in June, as booming global demand for AI hardware and a rush by exporters to beat anticipated U.S. tariff hikes turbocharged shipments.

China’s consumer prices grew slower than expected in June, while wholesale inflation accelerated, as elevated energy costs continued to sap domestic demand.

China’s economy is showing signs of picking up, thanks in part to a rebound in shipments to the U.S.

China’s retail sales fell for the first time in more than three years in May while urban investment contracted more than expected, piling pressure on Beijing to roll out meaningful stimulus to spur consumption, even as de-escalation in Middle East tensions offers some near-term relief.

China’s wholesale prices rose at the fastest pace in nearly four years in May, driven by surging raw material costs due to the Iran war and an artificial intelligence investment boom, while consumer inflation came in below estimates.