China’s President Xi Jinping is in North Korea for a meeting with Kim Jong-un, in the first Chinese state visit to the North since 2005. The two, who have met in China four times, are expected to discuss the stalled talks over the North’s nuclear programme as well as economic issues. Mr Xi’s visit comes a week before the G20 summit in Japan, where he is set to meet US President Donald Trump.
China and the United States are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping, cheering financial markets on hopes that an escalating trade war between the two countries would abate. Trump said on Tuesday that teams from the two sides would begin preparations for the leaders to sit down at the G20 summit in Osaka. China, which previously declined to say whether the two leaders would meet, confirmed the get-together.
China has warned its citizens to “fully assess the risks” of traveling to the US given recent “shootings”, as tensions between the superpowers rise. The Ministry of Culture and Tourism warned of threats such as robbery and gun violence, state media said. China’s foreign ministry also said US law enforcement agencies have been “harassing” its citizens with interrogation. It comes amid a power struggle between China and the US over trade.
China responded pointedly to Secretary of State Mike Pompeo’s comments on the 30th anniversary of the Chinese army’s bloody suppression of student-led pro-democracy protests centered on Beijing’s Tiananmen Square. The dueling statements underscore the vast divide in perceptions of the events of three decades ago, which Beijing considers a taboo subject that the West only raises in order to embarrass and de-legitimize China as part of a strategy to contain its development.
The founder of Huawei has said the US “underestimates” the Chinese telecom makers’s strength and that conflict with the US is inevitable in the quest to “stand on top of the world”. Ren Zhengfei said his company was fully prepared to face US bans on key components following new trade restrictions caused by Donald Trump’s declaration of a national economic emergency last week. The US has been working to thwart the company’s global 5G ambitions, which it sees as a national security threat to other nations.
Google has barred the world’s second biggest smartphone maker, Huawei, from some updates to the Android operating system, dealing a blow to the Chinese company. New designs of Huawei smartphones are set to lose access to some Google apps. The move comes after the Trump administration added Huawei to a list of companies that American firms cannot trade with unless they have a licence. Google said it was “complying with the order and reviewing the implications”.
In a fateful swipe at telecommunications giant Huawei, the Trump administration issued an executive order Wednesday apparently aimed at banning its equipment from U.S. networks and said it was subjecting the Chinese company to strict export controls. The executive order declares a national economic emergency that empowers the government to ban the technology and services of “foreign adversaries” deemed to pose “unacceptable risks” to national security — including from cyberespionage and sabotage. The order addresses U.S. government concerns that equipment from Chinese suppliers could pose an espionage threat to U.S. internet and telecommunications infrastructure.
President Donald Trump dramatically increased pressure on China on Sunday to reach a trade deal, saying he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon. Stock markets sank and oil prices tumbled as negotiations were thrown into doubt. The president also said he would target a further $325 billion of Chinese goods with 25 percent tariffs “shortly,” essentially covering all products imported to the United States from China.
Airbus SE secured a $35 billion jet deal from China during a state visit by President Xi Jinping to the French capital, dealing a blow to Boeing Co. as it grapples with the grounding of its best-selling jet. The Airbus coup comes while Boeing’s own 737 Max narrow-body — the chief global rival to the A320 — has been idled following two fatal crashes in five months. The U.S. planemaker is also struggling with the fallout from a China-U.S. trade war that’s seen sales to the Asian nation dry up, just as Airbus bolsters its position with an offer to expand production facilities in Tianjin.
An explosion at a pesticide plant in eastern China has killed 47 people and injured more than 600, state media said on Friday, the latest casualties in a series of industrial accidents that has angered the public. The cause of the explosion is being investigated, but the company – which produces more than 30 organic chemical compounds, some highly flammable – has been cited and fined for work safety violations in the past, the China Daily said.