EU-China summits begin, Trump bill may affect some tax credits: SCMP daily highlights
From Taiwan’s ‘whole-of-society resilience’ tests to China upping tech outreach to Global South, here’s a round-up from today’s coverage:
1. The EU-China reset that never was: summits begin but divisions remain
After much talk of patching things up, a grand rapprochement has failed to materialise, with Beijing seen to be playing a “waiting game”.
2. US Senate, passing Trump bill, bars energy tax credits for China-linked firms
The US Congress is poised to bar companies with ties to China from gaining clean energy tax credits – a move that critics warn could jeopardise dozens of planned projects.
3. Round-the-clock live fire, urban survival drills: Taiwan to test war readiness
For the first time, Taiwan’s largest annual military exercise will combine conventional war games and urban survival drills under “unprecedented” live-fire conditions.
4. China’s Xi singles out ‘disorderly low-price competition’ for attention
Officials have favoured a vaguer term – “involutionary competition” – but the president cut to the chase at top-level economic meeting.
5. China mostly unscathed by turbulent 6 months, but 2025 still an uphill climb
Analysts said Beijing has a number of challenges to reckon with this year, but largely agreed the country can still meet its economic growth target.