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Economy, Trade & Business

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China trade
US Federal Reserve
US Secretary of the Treasury Scott Bessent, left, with Chinese Vice Premier He Lifeng in 2025. The pair will meet again this week in South Korea. Photo: Keystone via AP
2026 Xi-Trump summit

China, US confirm Seoul trade talks days before Trump-Xi summit in Beijing

Meeting follows Paris round in March and a video call in April as both sides prepare for Trump’s state visit.

2026 Xi-Trump summit

Trump heads to China weakened as Xi gains leverage ahead of summit

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2026 Xi-Trump summit

‘Not decoupling’: what does US-China trade data signal ahead of Xi-Trump summit?

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China trade

China defies Strait of Hormuz crisis with record monthly export value in April

Export value rose 14.1 per cent year on year, well above market forecasts.

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A worker loads sulphur at a storage yard on a wharf in China’s Jiangsu province in April. Photo: AFP
A worker loads sulphur at a storage yard on a wharf in China’s Jiangsu province in April. Photo: AFP
Banking & finance

Trump’s pick for Fed chair says he’ll stay independent. Does he mean it?

Kevin Warsh said at a confirmation hearing he would not become the US president’s ‘human sock puppet’, but concerns over interference persist.

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US-China trade war

Trump appeals latest court loss on tariffs as chaos and uncertainty amp up

Trump administration on Friday appealed court ruling that 10 per cent global tariff imposed in February was not justified by 1970s trade law.

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Banking & finance

Wall Street giants lead China-profit surge despite market polarisation

Major investment banks expand market share in China, with Goldman reclaiming the revenue lead while Shengang keeps its asset crown.

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People walk along Wall Street near the New York Stock Exchange. Photo: Reuters
People walk along Wall Street near the New York Stock Exchange. Photo: Reuters
China trade

How China’s sharper tech edge forces South Korea to rethink old industrial ties

Scholars urge a pivot to shared AI and EV standards and cooperation, while an upgraded China-South Korea free-trade pact is deemed vital.

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2026 Xi-Trump summit

Trump invites Boeing, Mastercard CEOs to join China trip next week: sources

Donald Trump Jnr and Eric Trump will also join the high-stakes summit in Beijing, sources say.

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2026 Xi-Trump summit

Why US commercial stakes are ‘too high for Trump to ignore’ on China visit

After the US$37 billion, 300-plane deal from Trump’s last visit stalled, industry observers say the next one could be more flexible.

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Illustration: Henry Wong
US-China trade war

Trump-Xi summit hides simmering trade tensions under the surface, experts say

Despite declarations of cooperation, friendship and respect from both sides, major trade conflict is brewing between the two superpowers.

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Despite politeness in public, there are fears that the future looks rocky for US-China trade. Illustration: Shutterstock
Despite politeness in public, there are fears that the future looks rocky for US-China trade. Illustration: Shutterstock
2026 Xi-Trump summit

China urges US to drop trade probe as key Trump-Xi summit approaches

The White House’s Section 301 investigations were launched to identify structural excess capacity among 16 trading partners, including China.

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2026 Xi-Trump summit

Trump dismisses China friction over Iran war, touts Xi ties before summit

US halts Hormuz escort mission, says Beijing is not pushing back as Xi talks loom.

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US-China relations

Exiting China market a ‘self-inflicted wound’ for US tech, think tank warns

ITIF argues that regional sales help finance domestic R&D and block local rivals, while warning that a full exit would be a self-inflicted wound to innovation leadership.

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Visitors take pictures and videos of a human-like robot head on display at the Humanoid Robots Industry Base in Beijing’s Shougang Park on April 28. Photo: AP
United States

US Pentagon signs AI deals with Google, Nvidia and SpaceX, focus on ‘lawful’ use

The deal comes even as some tech workers raise concerns about the use of AI for autonomous weapons and mass surveillance.

The Pentagon seen from Air Force One as it flies over Washington in 2022. Photo: AP
The Pentagon seen from Air Force One as it flies over Washington in 2022. Photo: AP
United States

Trump expands Cuba sanctions with global reach, targeting foreign banks and firms

New executive order allows US to penalise third-country actors, raising risks for international companies.

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US, Israel war on Iran

Crisis surge or lasting shift? China’s solar exports double in a month

Countries respond to massive economic pain with accelerating demand for Chinese PV products but will they maintain the pace?

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US, Israel war on Iran

Iran war price tag hits US$25 billion as Hegseth defends record Pentagon budget

Disclosure to Congress comes as the defence chief faces mounting Democratic criticism over spending priorities and strategy.

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Pentagon chief Pete Hegseth at Wednesday’s House Armed Services Committee hearing. Photo: AP
Pentagon chief Pete Hegseth at Wednesday’s House Armed Services Committee hearing. Photo: AP
US-China trade war

Chips, oil and Iran: why US is raising pressure on China before Xi-Trump talks

Washington’s latest moves target semiconductor access and small Chinese oil refineries, though analysts expect Beijing to remain resilient.

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China trade

Beijing touts mineral dominance, boosts autonomy drive, ahead of Trump’s visit

Ministry of Natural Resources boasts world-leading reserves of 14 minerals and vows to keep boosting output and exploration as geopolitical risks weigh on resources.

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China GDP

US economic gap over China to widen, but Iran might bring them closer: Mahbubani

Get your head checked, strategist Mahbubani tells those who underestimate the US and China, while forecasting a bigger GDP gulf between the two by 2030.

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China, long projected to overtake the US as the world’s largest economy, could instead lose ground in the coming years, according to a global strategist. Photo: Reuters
US-China relations

Why tougher US visa rules for skilled foreign workers may end in ‘brain drain’

Trump administration is targeting several visa categories, including popular H-1B pathway, with bias towards fewer numbers and more revenue.

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Illustration: Henry Wong
Illustration: Henry Wong
China manufacturing

Billionaire behind ‘American Factory’ firm warns of US exit amid trade friction

Fuyao Glass, a major supplier to Ford, GM and BMW in the US, employs thousands across the states of Ohio, Illinois and South Carolina.

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US, Israel war on Iran

Trump orders US forces to ‘shoot and kill’ boats laying mines in Strait of Hormuz

US president authorises lethal force as the arrival of a third aircraft carrier bolsters a massive naval presence.

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US-China trade war

US lawmakers slam China’s ‘parasitic’ theft of military and tech secrets

US senators pointed to legal channels, including work visas and university research, as potential pathways for China-linked espionage.

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The United States and China are locked in an intense technological battle for global supremacy. Photo: Shutterstock
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