The presidents of China and the United States focused on cooperation and potential trade, rather than tougher issues, as they opened the first day of talks in Beijing.
The US president headed to Beijing with 17 CEOs, belatedly including Nvidia’s Jensen Huang, reflecting a focus on trade for his summit with China’s Xi Jinping.
The US president will probably seek help from China’s Xi Jinping given the lack of progress on ending the conflict with Iran.
Surging Chinese exports will bolster the nation’s position with the US as the two countries ready for trade talks and a presidential summit this week.
This week: US President Donald Trump looks ahead to Beijing summit, China calls for reopening of Strait of Hormuz and tells companies to ignore US sanctions. Next week: JD.com, Alibaba and Tencent release earnings, trade data comes out, Hong Kong Affordable Art Show opens and more.
Asian markets surge on hopes for an end to US-Iran conflict and the reopening of the Strait of Hormuz, even with many risks still hanging over markets.
The EU is devising a new tool to help fight a trade war with China even as it contends with increasing hostility from US President Donald Trump.
Japan’s prime minister penned agreements with her Australian counterpart as the two nations seek to pare reliance on Chinese rare earths and safeguard energy supplies amid the war in Iran.
Beijing issued an unprecedented order to ignore US sanctions just ahead of presidential summit in Beijing.
Crude oil surged to a four-year high and stocks pared April gains after US President Donald Trump said that a US block of the Strait of Hormuz could last months.
Shares of BYD and Geely rose after they released earnings as the Strait of Hormuz shutdown boosts global demand for Chinese-made electric vehicles.
The US and China may have to cooperate on managing the growing capabilities of artificial intelligence even as the technology starts to dominate competition between them.
DeepSeek’s new artificial intelligence model puts up a price challenge to US rivals and is a further step towards a stand-alone Chinese AI ecosystem.
This week: Trump ally Daines is set to visit China, DeepSeek unveils new AI model, Xi calls for Strait of Hormuz reopening, Auto China opens. Next week: BYD, Geely and Chinese banks post earnings, Politburo probably meets, May Day holiday begins, and more.
China is set to open seven nuclear reactors this year, and other countries are reconsidering atomic energy as the Strait of Hormuz shutdown disrupts oil and gas supplies.
The US president stepped back from resuming attacks on Iran, while both sides maintained blockades of the vital Strait of Hormuz.
The Nvidia supplier jumped on its trading debut, underscoring demand for AI hardware stocks and the resilience of Hong Kong IPO demand amid Middle East upheavals.
The JS Ikazuchi passed through the Taiwan Strait on Friday, the anniversary of an 1895 treaty handing Taiwan to Japan.
This week: The US and China exchange trade-war swings, China’s economic growth beats expectations, and the US blockades Iranian ports. Next week: Carmakers debut models at Auto China, Victory Giant starts trading after Hong Kong IPO, robots compete in Beijing half marathon and more.
Growth in China accelerated in the first quarter of the year as a January-February surge offset a slower March following the shutdown of the Strait of Hormuz.
Russia is boosting oil exports, including to China, as the Iran war upends Middle East supplies, while Chinese renewables companies will benefit from efforts to diversify away from fossil fuels.
Disruptions from conflict in the Middle East and the closure of the Strait of Hormuz contributed to a worse-than-expected slowdown in Chinese exports and a jump in imports.
The US plans to stop Iranian oil exports, which mainly go to China, after peace talks failed to produce a deal.
This week: Xi Jinping meets leader of Taiwan’s KMT for first time in nine years, Trump acknowledges China help in Middle East ceasefire, factory-gate prices end three-year decline. Next week: First-quarter GDP data comes out, Spain’s PM returns to China, rugby fans head to Hong Kong Sevens, and more.
US goals for May’s presidential summit focus on stability and specific trade deals rather than an overall relationship reset.
A 14-day ceasefire in the war on Iran paves the way for a reopening of the vital Strait of Hormuz shipping lanes.
US President Donald Trump said that Iran must reopen the vital Strait of Hormuz as part of any peace deal.
This week: One year since Trump’s ‘Liberation Day’, China proposes Iran war peace plan in partnership with Pakistan, Hong Kong retains IPO crown. Next week: Taiwan’s Kuomintang leader visits mainland, Chinese airlines raise fuel surcharges, factory-gate prices may end slump, and more.
Oil prices shot up and stocks fell as US President Donald Trump failed to set a clear end date for the war on Iran during his address to the nation.
The US president said he was ready to end the war on Iran without a deal, creating further doubt about when the Strait of Hormuz will fully reopen to shipping.