China, Trade
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Beijing has set aside major disputes with Canberra and instead filled Australian Prime Minister Anthony Albanese’s six-day visit to China this week with a slew of trade and investment deals, a move analysts said was an effort to find common ground amid trade tensions with the United States.
While Washington has long blamed Beijing for supplying fentanyl to the country, China has defended its drug control record and accused Washington of using fentanyl to “blackmail” China
Despite a tepid June, both the LBMA Gold Price PM in USD and the Shanghai Benchmark Gold Price PM in RMB saw their strongest H1 performances for nine years.
U.S. Secretary of State Marco Rubio says there are “areas of potential cooperation” between Washington and Beijing.
Chinese stocks struggled due to lingering trade tensions with the U.S., despite developments in tech sales negotiations. The Shanghai Composite and Hang Seng indices experienced declines as investors reacted to Nvidia’s planned chip sales resumption to China,
China's economy is likely to have cooled in the second quarter after a solid start to the year, as trade tensions and a prolonged property downturn drag on demand, raising pressure on policymakers to roll out additional stimulus to underpin growth.
The two major powers vied to push their agendas in Asia at a time of simmering tension over a U.S. trade tariffs offensive.
MP Materials, operating the only U.S. rare earths mine, has secured a $500 million deal with Apple to produce magnets for iPhones and other tech products. This follows the U.S. Defense Department's $400 million investment in MP,
The US has cleared AMD and Nvidia to resume sales of AI chips to China, marking a major shift in tech trade policy. The move signals a softening stance on export controls and could ease tensions between Washington and Beijing amid rising demand for AI semiconductors.