SCMP China
Latest crypto news and market updates from SCMP China.
Xi-Trump atmospherics welcomed but mask structural rifts: analystsDuring their three-day summit that ended on Friday, US President Donald Trump and Chinese President Xi Jinping worked overtime to underscore their increasingly close relationship even as the meeting produced few concrete deliverables. But the fact that the two economic and military giants are talking – and pledging to talk some more – suggests some period of relative stability ahead, certainly relative to last year’s all-out trade war, chest-thumping and market turmoil, said analysts, companies...SCMP China
Why did Xi and China’s first lady bring their own flasks to White House banquet?Amid the polished silverware and fine crystal stemware on display at the state dinner in the White House on Thursday sat the vacuum flasks brought by Chinese President Xi Jinping and first lady Peng Liyuan. The couple’s flasks, black for Xi and white for Peng, were spotted on their table during the formal dinner, signalling a subtle self-assurance as cultural authenticity met high diplomacy. Extending this everyday practice to the White House banquet was in tune with the host nation’s own...SCMP China
Xi’s security chief among cohort of rising officials at White House banquetZhou Hongxu, the official who oversees President Xi Jinping’s security, made an appearance at the White House state banquet on Thursday night, alongside a cohort of other rising Chinese officials. The banquet’s guest list described the 55-year-old People’s Liberation Army (PLA) major general as both director of the Central Guard Bureau and deputy director of the Communist Party’s General Office – the ruling party’s powerful administrative nerve centre. Earlier this month, Zhou joined Xi for a...SCMP China
Xi maintains composure during US military flyover for historic tarmac welcomeAt Joint Base Andrews where Donald Trump rolled out the red carpet for the visiting Chinese president, Xi Jinping appeared unfazed during a ceremonial flyover by a screeching US bomber while the US president visibly winced at the noise. As Xi arrived at the military base just outside Washington on Thursday, he was greeted with a ceremony that included the US Air Force band playing the American and Chinese national anthems, a 21-gun salute, a guard of honour, a display of six F-16 and six F-22...SCMP China
Big picture or big deals? What the Xi-Trump summit holds for China and the USWith the balance of power shifting between the US and China, the success of this week’s summit hinges not on headline-grabbing deals, but on practical, cautious consensus under a new strategic stability framework, according to Chinese researchers. Media outlets in China have given heavy coverage to President Xi Jinping’s state visit to the United States, highlighting its “historic, milestone significance”. It follows US President Donald Trump’s Beijing visit in May. Xi’s arrival in Washington on...SCMP China
How the SCO chips away at US power without an alliance systemThe Shanghai Cooperation Organisation (SCO) was born 25 years ago as a modest mechanism for managing borders between China, Russia and four Central Asian states. At its anniversary summit in Bishkek this week, it looks more consequential – and harder for the United States to dismiss. The timing is important. Russia’s invasion of Ukraine remains unresolved, while the war between Iran and the US has turned the Persian Gulf into another theatre of strategic competition, with energy markets again...SCMP China
France takes aim at ultra-fast fashion with new levy targeting Asian e-commerce platformsFrance will from Tuesday impose a fee on ultra-fast fashion items that will eventually reach almost €20 (US$2.32) per garment, as the government targets major Asian e-commerce platforms including Shein. The levy follows legislation passed by the French parliament in June to regulate “ultra-fast fashion” companies, known for selling large volumes of lower-quality clothing at rock-bottom prices. It is part of a push to rein in Asian e-commerce giants including Shein, Temu and AliExpress, which...SCMP China
Xi, Putin to meet in Bishkek for Power of Siberia 2 pipeline talks: KremlinChinese President Xi Jinping and Russian leader Vladimir Putin are expected to discuss the Power of Siberia 2 project in a meeting in Bishkek on Monday, according to the Kremlin. The meeting in Kyrgyzstan’s capital will be their second face-to-face talks this year, following Putin’s trip to Beijing shortly after a visit there by US President Donald Trump. “The issue will be discussed bilaterally,” Russian presidential aide Yury Ushakov was quoted as saying on Friday by Russian news agency...SCMP China