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China News Live: Zheng Qinwen defeats Aryna Sabalenka to reach Italian Open Semifinals

May 15, 2025· 04:30 IST

DisclaimerThis is an AI-assisted live blog with updates from multiple sourcesDisclaimer

Welcome to our live blog tracking the latest news and developments about China. Stay updated with real-time insights and breaking news.

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May 15, 2025· 04:30 IST

Zheng Qinwen defeats Aryna Sabalenka to reach Italian Open Semifinals

Zheng Qinwen, currently ranked eighth globally, achieved her first victory against top-ranked Aryna Sabalenka with a 6-4, 6-3 win at the Italian Open, as per a report in the AP. The 22-year-old Zheng had previously lost all six matches against Sabalenka but managed to save all five break points and break Sabalenka's serve three times in this match. Her advancement leads to a semifinal match against Coco Gauff.

The Italian Open serves as a significant warm-up event before the French Open, scheduled to begin on May 25. Zheng's success is viewed as contributing to China's soft power initiatives, showcasing Chinese talent on an international stage and potentially boosting national pride.

May 15, 2025· 02:30 IST

China warns UK over terms of potential US trade deal

China has cautioned the UK about the terms of a potential trade agreement with the US, asserting that bilateral deals should not target other countries, according to a report in The Guardian. This warning comes amid ongoing or potential trade negotiations between the UK and the US, with China expressing concern over terms that could be perceived as economically or politically detrimental to them.

The warning highlights the strained relationship between the UK and China, particularly concerning trade and foreign policy, and puts pressure on the UK government to carefully consider the implications of any trade deal with the US on its relationship with China. The Guardian also notes other business news, including the acquisition of H&T, a British pawnbroker, by a US firm, Goldman Sachs lifting UK and eurozone growth forecasts, Co-op's struggle to recover from a cyber-attack two weeks ago, and Burberry's planned job cuts.

May 15, 2025· 02:30 IST

Meizu to accelerate globalization with global launch event on May 20

Meizu, following its showcase at MWC 2025 and international launch events with Geely, will unveil its next-generation products at a global online launch event on May 20, according to a report in AP. The event will highlight the brand's commitment to returning to the global market and its "All in AI" innovations, introducing products designed to bring innovative technology to global consumers.

The launch aligns with China's revised 'Going Out' policy from late 2024, which encourages domestic companies to expand internationally, particularly in technology. Geely's partnership with Meizu reflects a trend of Chinese automotive companies diversifying into technology and AI, driven by government incentives and a desire to compete in the global electric vehicle and smart technology markets.

May 15, 2025· 02:30 IST

China and Colombia sign Belt and Road cooperation plan

China and Colombia have signed a joint cooperation plan regarding the Belt and Road Initiative, state media reported on Wednesday, after a meeting between leaders in Beijing, according to a report in Reuters. Colombia's Foreign Minister, Laura Sarabia, stated this agreement comes amid growing commerce that has bolstered Beijing's influence in Latin America and the Caribbean.

The agreement signifies a potential shift in Colombia's foreign policy and has implications for the United States, which traditionally views Latin America as its sphere of influence. Experts suggest this move could lead to increased infrastructure development and economic growth for Colombia, while also strengthening China's global reach and challenging U.S. dominance in the region.

May 15, 2025· 02:30 IST

Zheng Qinwen defeats Aryna Sabalenka to reach Italian Open Semifinals

Zheng Qinwen, currently ranked eighth, secured her first victory against world number one Aryna Sabalenka with a 6-4, 6-3 win at the Italian Open, as per a report in AP. The 22-year-old Chinese player had previously lost all six matches against Sabalenka but managed to save all five break points and break Sabalenka's serve three times in this match. Zheng Qinwen is now scheduled to face Coco Gauff in the semifinals.

The Italian Open is the last major tournament before the French Open, which is set to begin on May 25. In another match, Carlos Alcaraz defeated Jack Draper.

May 15, 2025· 02:30 IST

Stocks mixed after US and China declare trade war cease-fire

The stock market had a mixed close on Wednesday as the S&P 500 edged up 0.1%, the Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite increased by 0.7%, according to a report in the Associated Press (AP). Gains by technology companies such as Nvidia helped boost the S&P 500, despite most stocks in the index losing ground. American Eagle Outfitters experienced a significant drop, sinking 6.4%.

The temporary cease-fire between the U.S. and China in their trade war, which involved escalating tariffs and trade restrictions in early 2025, provided some market stability. Negotiations between the two countries preceded this announcement. This cease-fire impacts the Biden Administration (or successor administration), the Chinese government, US technology companies, and American consumers.

May 15, 2025· 02:30 IST

TCL CSOT presents display technology advancements at SID Display Week 2025

TCL CSOT presented its advanced display technologies at SID Display Week 2025, featuring Inkjet Printing OLED (IJP OLED), MLED, FMM OLED, and LCD displays, according to a report in AP. The company's showcase highlights its role in developing intelligent and sustainable visual technologies.

The advancements from TCL CSOT come amid ongoing US-China trade and technology competition, where China's 'Made in China 2025' initiative aims to establish the nation as a leader in advanced manufacturing. These developments also occur as the US government incentivizes domestic semiconductor and display production through initiatives like the CHIPS Act, creating competitive pressure for US companies.

May 15, 2025· 02:00 IST

Cambodia and China plan annual joint military exercise

Cambodia and China are scheduled to conduct their annual joint military exercise, as per a report in the AP. The exercise is planned to occur between Saturday, May 17, and Friday, May 23, according to the AP's video and live plans.

The exercise takes place against a backdrop of China's growing military influence in Southeast Asia, particularly with Cambodia, and Cambodia's increasing alignment with China under Prime Minister Hun Sen, who has been in power for decades, receiving substantial economic and military assistance.

May 14, 2025· 22:00 IST

China's commerce ministry holds press conference after tariff agreement with U.S.

China's commerce ministry held its weekly press conference on May 15, 2025, following an agreement between China and the U.S. to reduce import tariffs from 125% to 10% and 145% to 30% for at least 90 days, according to a report in Reuters. These tariff cuts are a result of ongoing trade negotiations between the U.S. and China, aimed at de-escalating trade tensions that have been ongoing for several years.

May 14, 2025· 22:00 IST

Cyberport hosts forum on AI and cybersecurity in Hong Kong

The "AI x Cybersecurity Forum" took place at Cyberport in Hong Kong on May 14, 2025, bringing together over 400 participants, as per a report in AP. Government representatives, cybersecurity experts, academics, and technology industry leaders attended the forum, co-organized by Cyberport and the Hong Kong Cybersecurity Professionals Association, to discuss the challenges AI poses to cybersecurity and regulatory policies under the theme "Navigate the Future of AI-Powered Cybersecurity."

The forum occurs amidst increased scrutiny of Hong Kong's tech sector following the implementation of the National Security Law, as well as China's broader push for AI dominance. Some experts believe the event allows the Hong Kong government to project competence in the tech sector, while others express concerns about potential government influence on cybersecurity policies and data privacy.

May 14, 2025· 21:30 IST

Stocks rise amid US-China trade war cease-fire

Stocks on Wall Street are edging higher, building on gains made earlier in the week following a temporary halt in the trade war between the U.S. and China, according to a report in the Associated Press. The S&P 500 rose 0.2% Wednesday morning, the Dow Jones Industrial Average increased by 3 points (less than 0.1%) as of 11:30 a.m. Eastern, and the Nasdaq saw a 0.6% increase.

Technology stocks experienced a rise, with Super Micro Computer shares surging 16.8% after the company signed a partnership agreement with DataVolt, a data center company based in Saudi Arabia. Advanced Micro Devices also saw gains.

May 14, 2025· 21:30 IST

Stocks waver as US and China declare temporary cease-fire

Stocks are showing mixed performance on Wall Street but maintaining gains achieved earlier in the week, as per a report in AP. This follows a declared temporary cease-fire between the United States and China, likely referring to a pause in trade negotiations that could involve tariff reductions or purchase commitments aimed at easing trade tensions. These economic relations are connected to broader geopolitical considerations, including China's influence in the Indo-Pacific region and its stance on Taiwan.

May 14, 2025· 21:30 IST

China and CELAC hold joint briefing in Beijing

A joint briefing took place at the China-CELAC forum in Beijing on May 13, 2025, with the participation of China’s Foreign Minister Wang Yi, Colombia's foreign minister Laura Sarabia, and Honduras' foreign minister Eduardo Enrique Reina García, according to a report in Reuters. This forum underscores China's increasing economic and political engagement in Latin America, Colombia's evolving foreign policy, and Honduras' recent diplomatic shift recognizing China.

The China-CELAC forum highlights China's ambition to strengthen its global position by expanding economic and political reach in Latin America, potentially challenging U.S. influence in the region. While Chinese investment offers Latin American countries alternative development opportunities, concerns remain about debt sustainability and potential impacts on domestic policies. Experts suggest the U.S. needs to reassess its approach to Latin America to counter China's growing influence.

May 14, 2025· 21:30 IST

Peng Liyuan and Brazil's first lady visit NCPA in Beijing

Peng Liyuan and Rosangela Lula da Silva, the wife of Brazilian President Luiz Inacio Lula da Silva, visited the National Centre for the Performing Arts (NCPA) in Beijing on Tuesday, according to a report in CGTN. Rosangela Lula da Silva is accompanying the Brazilian president on his state visit to China, which aims to strengthen economic and political ties between the two nations.

During the visit, Peng and Rosangela toured the NCPA, admiring its architecture and viewing the "Stage of Glory" exhibition, which highlights the center's achievements. This cultural exchange is part of China's broader soft power diplomacy efforts to enhance its international image and build relationships with other countries.

May 14, 2025· 21:30 IST

US and China enter 90-day truce in tariff war

The United States and China have paused their tariff war for 90 days, with each side asserting they have the upper hand, according to a report in Al Jazeera. This truce follows a series of high-level trade negotiations addressing tariffs, intellectual property rights, and market access, and comes after previous rounds of tariff impositions by both countries. The halt to tariff increases could offer temporary relief to US consumers from rising import prices and provide a window for businesses to adjust supply chains, while also giving the Chinese economy a temporary reprieve; however, existing tariffs remain in place and uncertainty about the future trade relationship persists.

The truce also carries political implications for President Joe Biden, allowing his administration to claim a diplomatic win, though pressure remains to achieve concrete results within the 90-day period. Experts suggest the situation will be viewed differently based on their specializations, with economists analyzing the economic impacts, political scientists focusing on the long-term implications for US-China relations, trade lawyers examining the legal aspects of the tariffs, and geopolitical strategists assessing the broader context of US-China strategic competition.

May 14, 2025· 20:30 IST

Wall street wavers amid trade war uncertainty

The S&P 500 experienced minor fluctuations, while the Dow Jones Industrial Average saw a 0.1% increase and the Nasdaq rose by 0.5% as of Wednesday morning, as per a report in the AP. Super Micro Computer's stock surged by 12.7% following a partnership with DataVolt, and Advanced Micro Devices saw a 6% increase after announcing a $6 billion stock buyback program. The market's relative stability follows a surge on Monday after the U.S. and China agreed to a temporary halt in their trade war, with further gains on Tuesday after a report on inflation in April.

Despite the recent gains, uncertainty persists due to the fluctuating nature of trade policies, impacting business planning and consumer confidence. Several companies, including Walmart, have adjusted their financial outlooks due to economic uncertainty. The economy experienced a contraction in the first quarter, and while most companies have reported better-than-expected earnings, forecasts for the current quarter have been reduced. Investors are awaiting further data on inflation and retail sales, with Walmart's financial results also being closely monitored.

May 14, 2025· 20:30 IST

United States and China agree to trade war pause

The U.S. and China have agreed to a 90-day pause in their trade war, which includes a reduction of tariffs by 115 percentage points, according to a report in The Guardian. Donald Trump stated that China has agreed to open up its markets following months of escalating tensions and increased tariffs on Chinese exports. The agreement followed statements from the U.S. Treasury Secretary indicating that neither side desired a decoupling of the two economies.

May 14, 2025· 20:00 IST

Xi Jinping to speak at China-CELAC Forum opening

President Xi Jinping is set to speak at the opening of the China-CELAC Forum in Beijing, with Colombian President Gustavo Petro also scheduled to deliver a speech, according to a report in Reuters. The forum, which began on May 13, 2025, is a platform for dialogue and cooperation between China and the Community of Latin American and Caribbean States (CELAC), a bloc of 33 countries, to promote trade, investment, and political cooperation.

The forum takes place amidst increasing Chinese investment in Latin America, which has raised concerns in the United States regarding China's growing influence in the Western Hemisphere. Many CELAC member states are aiming to diversify their international partnerships and reduce dependence on the U.S., aligning with China could help achieve this objective.

May 14, 2025· 20:00 IST

US to cut tariffs on low-value goods from China

The United States is set to reduce the “de minimis” tariff on low-value shipments from China to potentially 30%, as per a report in The Guardian. This decision follows an executive order from the White House and a recent agreement between the US and China to roll back the majority of tariffs imposed since early April over a 90-day period. This move is expected to provide relief to Chinese e-commerce companies like Shein and Temu.

The tariff reduction is viewed as a de-escalation of the trade war between the two countries. The agreement aims to unwind tit-for-tat tariffs that have been in place since April. While this may benefit US consumers through potentially lower prices and increase the competitiveness of Chinese e-commerce platforms, it could also intensify competition for US retailers and negatively impact domestic manufacturers.

May 14, 2025· 19:30 IST

Cambodia and China launch largest joint military exercise

Cambodia's armed forces have commenced their largest joint military exercise with China, named "Golden Dragon," which includes land, sea, and air operations, according to a report in the Associated Press (AP). This two-week exercise, which started on Wednesday, marks a deepening of relations between Cambodia and China, especially since Cambodia canceled similar exercises with the United States in the past. The exercise will focus on joint counter-terrorism operations and humanitarian relief, utilizing equipment such as reconnaissance and attack drones, surgical robots, and robot dogs.

Cambodia has proposed reviving military exercises with the U.S. after Washington sent high-ranking officials to increase its influence. China has funded an expansion of the Ream Naval Base on Cambodia’s southern coast, raising concerns it could become a strategic outpost for the Chinese navy, though Cambodia denies any agreement granting China special privileges. Cambodian army spokesperson Gen. Thong Solimo stated the exercise aims to exchange experiences and strengthen defense capabilities to build peace in the region.

May 14, 2025· 19:30 IST

Jailed Australian writer Yang Hengjun thanks Albanese for support in letter

Yang Hengjun, who received a suspended death sentence in February 2024 after five years of detention on espionage charges he denies, conveyed his appreciation to Anthony Albanese for raising concerns about his health with Chinese officials, as per a report in The Guardian. Yang stated that he is struggling to find the words to express his gratitude.

Yang's case occurs amidst strained but improving diplomatic relations between Australia and China. His suspended death sentence, while potentially leading to a commuted sentence, highlights the severity of the charges. The case puts pressure on the Australian government to advocate for Yang's release while maintaining relations with China and also raises concerns about the safety of Australians in China.

May 14, 2025· 19:30 IST

Xi Jinping addresses China-CELAC Forum opening

Chinese President Xi Jinping delivered a speech at the opening of the China-CELAC Forum in Beijing on May 13, 2025, as per a report in Reuters. Colombian President Gustavo Petro also delivered a speech at the forum, which is seen as a key platform for China to solidify its increasing economic and political influence in Latin America through investments in infrastructure, resource extraction, and trade.

The United States is closely monitoring the forum amid concerns over China's growing presence in the Western Hemisphere, while many CELAC member states view engagement with China as a strategy to diversify their international partnerships and reduce dependence on the United States. The forum strengthens China's access to resources, markets, and diplomatic support, and provides CELAC member states with access to Chinese investment and trade, potentially boosting economic growth.

May 14, 2025· 19:30 IST

Australian writer Yang Hengjun seeks medical transfer from China

Yang Hengjun, an Australian writer imprisoned in China, has requested Prime Minister Anthony Albanese's help in securing a medical transfer home, as per a letter released by his supporters and reported by Reuters. Yang, who was arrested in 2019, received a suspended death sentence from a Beijing court last year.

The Australian government faces pressure to strongly advocate for Yang's release, balancing this with the need to maintain a functional relationship with China, while the Chinese government's handling of this case will be scrutinized internationally, impacting its reputation regarding human rights.

May 14, 2025· 19:30 IST

United States ends duty-free access for low-value shipments from China and Hong Kong

The U.S. ended duty-free access for low-value shipments from China and Hong Kong on May 2, eliminating the 'de minimis' exemptions that were used by e-commerce companies such as Shein and Temu, as well as by those trafficking fentanyl, Reuters reports. The White House released this information on May 13 after talks between China and the U.S. in Geneva, which aimed to de-escalate the trade war.

The removal of this exemption, which previously allowed shipments valued below $800 to enter the U.S. duty-free, is expected to increase costs for companies like Shein and Temu and potentially impact U.S. consumers through higher prices; it may also provide a competitive advantage to U.S. retailers. This action is viewed as a continuation of trade tensions initiated under Donald Trump, with potential implications for the Biden administration's trade strategy and relations with China.

May 14, 2025· 19:30 IST

Global Sources Hong Kong Shows conclude with focus on innovation and global sourcing

The Global Sources Hong Kong Shows, held at AsiaWorld-Expo in April 2025, featured nine professional sectors, including gaming, consumer electronics, and home products, and attracted almost 5,000 premium Asian suppliers and over 120,000 buyer visits, as per a report in AP. The event showcased over 340,000 innovative products and saw increased participation from professional buyers from Eastern Europe, Latin America, Japan, and South Korea; the show also coincided with the 30th anniversary of Global Sources Online (GSOL), further utilizing big data analysis and AI technology to strengthen its online-to-offline (O2O) service model.

The exhibition included a new Gaming Show, which highlighted gaming peripherals and the "KOL and Buyers' Favorite Gaming Gear Awards," and a special themed area showcasing sustainable sports equipment aligned with the upcoming 2026 World Cup; exhibitors like Wayne Tang from Shenzhen eloT Technology and Wang Shengjun from Shenzhen Hongda Sheng Electronics praised the show's organization and buyer resources, while buyers like Alex Saltuk Toksoz from Turkey and Agnieszka Goluch from Poland lauded the event for its comprehensive coverage and valuable networking opportunities. John Kao, Vice President of Global Sources Hong Kong and Overseas Shows, stated the company aims to promote innovation across industries and will organize an AI-themed product hall from October 18-21, 2025.

May 14, 2025· 19:30 IST

Franco-Chinese children's choirs reunite in Paris for cultural exchange

The Li and Miao Children’s Choir from Wuzhishan, Hainan, consisting of about 20 members, traveled to Paris for a joint performance with the Polysons Children’s Choir at the Café de la Danse on May 9, as per a report in AP. The performance, attended by nearly 300 people, featured a song called "Chanter le Wuzhishan à la France," and was part of the 50th anniversary of China-Europe diplomatic relations. Trégouët Élisabeth, director of the Polysons Children’s Choir, noted this was their third meeting, recalling a performance during the 60th anniversary of China-France diplomatic relations last year and a visit by the Polysons to Wuzhishan in late October.

The choir's French tour included visits to UNESCO headquarters, the Musée du Cinéma de Paris, and a Parisian primary school, aiming to showcase Chinese culture and the cultural characteristics of Hainan's ethnic minorities. WANG Ying, deputy representative of the Chinese delegation to UNESCO, expressed hope that Hainan would further integrate its resources to protect its intangible cultural heritage, including its rainforests and traditional Li villages.

May 14, 2025· 18:30 IST

Ministerial meetings held at China-CELAC forum

Ministerial meetings convened at the China-CELAC forum in Beijing on May 13, 2025, focusing on political and international matters, as per a report in Reuters. The China-CELAC Forum is a platform designed to foster dialogue and cooperation between China and the Community of Latin American and Caribbean States (CELAC), facilitating trade, investment, and political relations.

China's engagement with Latin America is viewed by some geopolitical analysts as a strategy to build a multipolar world order, while development economists emphasize the need for CELAC nations to ensure that Chinese investments are sustainable and beneficial to local communities. Some US foreign policy experts suggest that the United States needs to proactively engage with Latin American nations to offer competitive alternatives to Chinese investment and strengthen regional security partnerships.

May 14, 2025· 18:30 IST

United States to cut tariff on small China parcels

The United States has announced a significant reduction in tariffs on small parcels arriving from mainland China and Hong Kong, decreasing the levy from 120% to 54%, according to a report in The Guardian. This decision comes shortly after Washington and Beijing agreed to a 90-day pause in their ongoing trade war, which has involved reciprocal tariffs on various goods. The original tariff, implemented earlier this month, aimed to close the 'de minimis' loophole, which allows low-value goods to enter the U.S. without import fees.

The reduction is expected to benefit fast fashion e-commerce companies like Shein and Temu, whose business models rely on shipping individual items directly to consumers, taking advantage of the 'de minimis' threshold. While this move could potentially lower prices for U.S. consumers, it may also intensify competition for domestic retailers and draw criticism for potentially undermining American manufacturing.

May 14, 2025· 18:30 IST

Brazil's president holds press conference after China-CELAC talks

Luiz Inacio Lula da Silva, the current President of Brazil, addressed the media following his participation in the China-CELAC Forum in Beijing on May 14, 2025, as per a report in Reuters. The forum highlights growing China-Latin America trade relations and aligns with Lula's focus on South-South cooperation, though the United States has expressed concerns over China's increasing influence in Latin America.

The China-CELAC forum offers Latin American countries a platform to collectively engage with China, potentially increasing their bargaining power, but internal divisions within CELAC could limit its effectiveness. This engagement allows China to project soft power and build political alliances, reinforcing its vision of a multipolar world order.

May 14, 2025· 18:30 IST

Cyberport hosts forum on artificial intelligence and cybersecurity

The "AI x Cybersecurity Forum," co-organized by Cyberport and the Hong Kong Association for Computer Emergency Response Teams, took place on May 14, 2025, focusing on the theme of "Embracing a Secure Future Powered by AI," according to a report in AP. The forum brought together over 400 government representatives, cybersecurity experts, academics, and leaders from the innovation and technology industry to explore the challenges posed by AI to cybersecurity, regulatory policies, and data protection, as well as how AI-driven cybersecurity measures can more effectively combat emerging cyber threats. During the event, experts like Professor Li Hui from Peking University discussed network space security and challenges in developing AI large models, while Chief Superintendent Lam Cheuk-ho of the Hong Kong Police Force highlighted the use of AI in analyzing deepfake content and combating cybercrime.

The forum included panel discussions on refining cybersecurity policies, balancing security and innovation in banking and healthcare, and leveraging AI to enhance information protection. Hong Kong's Digital Policy Commissioner Wong Chi-kwong emphasized the government's commitment to promoting and governing AI through frameworks like the "Artificial Intelligence Ethics Framework" and the "Hong Kong Generative Artificial Intelligence Technology and Application Guidelines." Cyberport CEO Dr. Joseph Chan highlighted Cyberport's role as a digital technology hub and AI accelerator, emphasizing its efforts to foster cybersecurity startups and promote collaboration to enhance cybersecurity awareness and innovation.

May 14, 2025· 18:00 IST

Cambodia and China launch largest joint military exercise

Cambodia's armed forces have initiated the largest Golden Dragon joint military exercise with China, which includes land, sea, and air operations over a two-week period, according to a report in the Associated Press. The exercise, which began in 2016, highlights the growing relationship between Cambodia and China, especially after Cambodia canceled similar exercises with the United States. General Thong Solimo, Cambodian army spokesperson, stated that the exercise aims to exchange experiences and strengthen defense capabilities for regional peace efforts.

The joint military exercise will involve reconnaissance and attack drones, surgical robots, and robot dogs, focusing on joint counter-terrorism operations and humanitarian relief. While Cambodia has proposed reviving military exercises with the U.S. and has allowed warships from various countries to dock at its new pier, China remains Cambodia's closest ally and primary benefactor, particularly in funding the expansion of the Ream Naval Base. Cambodia denies that China has been granted special privileges at the base.

May 14, 2025· 18:00 IST

METALTECH & AUTOMEX 2025 focuses on smart and green manufacturing

METALTECH & AUTOMEX 2025, along with the co-located Advanced Machinery & Engineering Summit (AMES) 2025, began in Kuala Lumpur, Malaysia, showcasing advanced technologies and automation solutions with a focus on sustainability and AI, according to a report in AP. Datuk Mohd Hanafi Sakri, Deputy Secretary General (Industry) of the Ministry of Investment, Trade and Industry (MITI), officiated the event, emphasizing the integration of technical implementation and policy frameworks for industrial transformation. Tan Sri Abdul Rahman Mamat, Chairman of MIDF Berhad, highlighted financial tools supporting industrial innovation.

The event, organized by Informa Markets Malaysia, features exhibitors from various countries, including China, Germany, and South Korea, displaying over 5,000 advanced technologies. Gerard Leeuwenburgh, Country General Manager of Informa Markets Malaysia, stressed sustainability's role in shaping industry standards. The International Automation Technology Exhibition (AUTOMEX) will debut as a standalone event in Penang in November 2025, and preparations are underway for the 30th anniversary of METALTECH & AUTOMEX in 2026.

May 14, 2025· 17:30 IST

China leads in digital economy trust index, correlating with GDP growth

Checkout.com's inaugural Digital Economy Trust Index, which was released today, ranks 16 countries based on consumer confidence in digital platforms, with China topping the list, according to a report in Checkout.com. The index reveals a strong correlation between consumer trust in the digital economy and GDP growth rates between 2014 and 2024, highlighting the importance of digital trust for economic growth. China scored 8.6 out of 10, followed by the United Arab Emirates, Saudi Arabia, and Egypt, while Japan ranked last with a score of 2.6.

The index indicates that trust in new payment methods, biometric security, and AI tools are key drivers of overall trust. Middle Eastern countries show high trust in biometrics, blockchain, and AI, potentially due to government-led digital strategies. Europe and North America lag in trust, particularly regarding blockchain, biometric security, and AI, reflecting privacy concerns. Jenny Hadlow, COO of Checkout.com, states that trust must be earned in the digital economy and that governments and businesses need to work together to increase trust and educate consumers to stimulate economic growth.

May 14, 2025· 17:30 IST

Shenzhen to host inaugural International Image Culture Week

The first Shenzhen International Image Culture Week, centered on the theme "Riding the Wave of Images in a Changing Era," will be held from May 23-25, 2025, at the OCAT Contemporary Art Terminal in Shenzhen, as per a report in AP. The event, co-organized by the China International Philanthropic Movie Festival Committee, the SmallRig Image Development Fund, and Shenzhen Leqi Innovation Co., Ltd., aims to explore image art in the digital age through exhibitions, forums, workshops, and interactive experiences. A key event will be the SmallRig Awards Ceremony, recognizing works that advance social progress through images, with 98 finalists from 31 countries selected by a jury led by Academy Award-winner Ruby Yang.

The 2025 Visionary Storytellers Industry Forum will also return with themes of Technology, Co-creation, Content, and Commerce, featuring a keynote address titled "The Wave of Images is Shaping a New Civilization." The event will also include the launch of the Global Image Scene Research Initiative and a China Photographers Association × Shenzhen Leqi Innovation partnership. Submissions are currently open for The Social Impact Image Pitching Sessions.

May 14, 2025· 17:30 IST

Tencent quarterly revenue increases 13% due to AI and gaming

Tencent Holdings, the biggest technology company in China by market capitalization, reported a 13% rise in first-quarter revenue, boosted by growth in gaming and AI-enhanced advertising, according to a report in Reuters. The company, which also operates the WeChat messaging platform, posted revenue of 180 billion yuan ($24.97 billion) for the quarter that concluded on March 31.

The revenue increase occurs amidst China's push for technological self-reliance and ongoing competition between the U.S. and China in the tech sector; this growth is seen as a measure of China's technological competitiveness. While a pro-government economist views this as a success of China's policies, an independent tech analyst emphasizes the importance of examining long-term sustainability given the regulatory environment and ethical questions surrounding AI-enhanced advertising.

May 14, 2025· 17:30 IST

United States reduces tariffs with China

The U.S. and China have agreed to lower tariffs imposed on each other's exports, a move that rolls back some of the levies put in place during President Donald Trump's administration, according to a report in The Hill. This tariff reduction is a result of ongoing negotiations between the U.S. and China, aimed at easing trade tensions and potentially reaching a broader trade agreement.

The tariff reduction carries political implications for various groups, including potential benefits for the Chinese economy and possible relief for U.S. consumers through lower prices on imported goods. However, some Republicans may criticize the move as being soft on China, while labor union representatives may express concerns about the impact on American jobs.

May 14, 2025· 17:30 IST

Chinese and French children's choirs collaborate in Paris

The Wuzhishan Li & Miao Children's Choir, consisting of nearly 20 members from Hainan Island, China, participated in a cultural exchange in Paris, where they performed at the Café de la Danse on May 9, according to a report in the Associated Press (AP). The event, attended by nearly 300 guests, showcased the friendship between China and France through music, with performances including both Chinese and French versions of "Sing Wuzhishan to France." The choir collaborated with Le Choeur des Polysons, La Chorale Chin'harmonie, and Association Vent d'Orient Vent d'Occident for the repertoire. Elisabeth Trigo, head of Le Choeur des Polysons, noted that this event follows previous collaborations, including a performance in Wuzhishan in October of last year and a joint celebration of 60 years of Sino-French diplomacy last May.

The exchange also featured a collaboration between Huang Hailin, an inheritor of Hainan's intangible cultural heritage, and Matthieu Lecoq, a musician from the Opéra de Paris, who combined the nose flute with Western flute music. Wang Ying, Deputy Delegate of the Chinese Permanent Delegation to UNESCO, expressed hope that Hainan can further integrate resources and strengthen the protection of its intangible cultural heritage. The choir's visit, organized in part by the Publicity Department of the Wuzhishan Municipal Party Committee, included visits to UNESCO headquarters, the Cinémathèque Française, and a primary school, as this year marks the 50th anniversary of the establishment of diplomatic ties between China and the EU.

May 14, 2025· 17:30 IST

Johnson Electric hosts humanoid roundtable to explore hardware standards

Johnson Electric, a motion systems company, hosted the 2025 Humanoid Roundtable on April 29 in Boston to discuss hardware standardization for humanoid robotics, according to a report in AP. The event, co-hosted by ESTAT Actuation, Netzer Precision, and IMSystems, brought together executives from North American, European, and Chinese humanoid manufacturers to discuss challenges and the potential for shared standards to simplify integration and lower costs. Adam Stienecker, Director of Global Innovation at Johnson Electric, stated that differentiation in future humanoid platforms will come from AI, training data, and application learning systems.

The discussions covered subsystem modularity, scalable service infrastructure, and commercialization strategies, with the outcomes helping to shape Johnson Electric's upcoming event with A3 in September, where new joint solutions will be introduced. Carlos Richardson, Business Designer at Johnson Electric and emcee of the roundtable, noted the willingness to define standards and continue the conversation, with plans being finalized for the September event. Johnson Electric is headquartered in Hong Kong and employs over 30,000 people across 20 countries.

May 14, 2025· 17:30 IST

Sinopec sets new vertical well depth record of 5,300 meters

Sinopec announced a shale gas exploration breakthrough at its Project Deep Earth - Sichuan and Chongqing Natural Gas Base, where the Tiebei 1HF well reached a vertical depth of over 5,300 meters with a 1,312-meter-long horizontal section, setting a new record for vertical depth of shale gas wells in China, according to a report in Sinopec. The well has been tested at a high daily output of 314,500 cubic meters of industrial gas flow, which is expected to boost gas reserves and production efficiency in the Puguang area and contribute to ultra-deep shale gas development in the Sichuan Basin.

Sinopec is preparing an overall exploration and development plan for the Upper Permian shale gas in Puguang to promote efficient resource transformation, after having overcome challenges in the ultra-deep field through research and technological innovations. The company's self-developed ultrahigh-pressure fracturing equipment was used to maximize resource development, and Sinopec continues to promote high-quality development of China's shale gas industry, having discovered the Fuling shale gas field in 2012, which initiated commercial shale gas development in China.

May 14, 2025· 16:00 IST

China Automotive Systems reports $7.1 million in first-quarter net income

China Automotive Systems Inc., a Jingzhou-based auto parts supplier, announced a first-quarter net income of $7.1 million, equating to 24 cents per share, with revenue of $167.1 million, according to a report in the Associated Press. The company's shares closed at $4.12, compared to $3.43 a year prior.

Factors influencing China Automotive Systems' performance include ongoing US-China trade tensions and tariffs on auto parts, Chinese government support for the domestic auto industry, and the global semiconductor shortage impacting auto production. Experts suggest the company is navigating trade tensions effectively, while its growth reflects China's industrial policy success. Concerns remain regarding pressure on US auto parts manufacturers and potential impacts on Chinese consumers.

May 14, 2025· 16:00 IST

XCMG Machinery publishes 2024 ESG report

XCMG Machinery's 2024 ESG report emphasizes the company's commitment to global climate goals through sustainable practices and breakthroughs in clean technologies, digital intelligence, and ethical governance, according to a report in XCMG Machinery. In 2024, XCMG's clean energy consumption reached 13.63 percent, and Scope 1 greenhouse gas emissions decreased by 102,363 tons; the company also launched 21 new energy product lines, generating 10.88 billion yuan in sales revenue, and invested 46.34 million yuan in environmental initiatives. The company is recognized as a national benchmark for smart manufacturing, achieving Level 4 Smart Manufacturing Capability Maturity and Level 3 Data Management Capability Maturity in 2024, while also investing 2.04 million yuan in employee welfare programs and training 7,619 R&D professionals.

XCMG has expanded partnerships under the Belt and Road Initiative with 95 percent market coverage, implementing localized procurement strategies, and has integrated ISO 14001 and SA8000 standards into procurement processes. Yang Dongsheng is the CEO and Chairman of XCMG Machinery.

May 14, 2025· 15:30 IST

Former Tsinghua Unigroup chairman sentenced to suspended death sentence

Zhao Weiguo, who previously chaired the semiconductor firm Tsinghua Unigroup, has been handed a death sentence with a two-year reprieve by a Chinese court for crimes including corruption, state broadcaster CCTV reported, as per a report in Reuters. This sentencing is part of China's ongoing anti-corruption campaign led by Xi Jinping, and it highlights the challenges and risks associated with China's push for semiconductor independence, particularly concerning corruption within state-backed enterprises.

The case is also aligned with a broader crackdown on the tech sector in China, which aims to curb the power of large tech companies and ensure they align with the government's strategic goals. Experts suggest this event could create a chilling effect within the Chinese tech industry, potentially stifling innovation, while also raising concerns for foreign investors about the risks of investing in strategic sectors.

May 14, 2025· 15:00 IST

China says Japanese man's sentencing in spy case followed legal procedures

China's foreign ministry stated the case of a Japanese man, who was jailed for 12 years, was handled according to the law, after being asked about the trial, according to a report in Reuters. The Japanese Consulate-General in Shanghai said its officials were permitted to observe proceedings on Tuesday; however, details remain private.

Sino-Japanese relations have been historically complex, often strained by territorial disputes, historical grievances related to World War II, and geopolitical competition, and this case is expected to add further tension. Japan has repeatedly expressed concerns regarding the transparency of China's legal system, particularly in cases involving Japanese citizens, and this case will likely exacerbate those concerns.

May 14, 2025· 15:00 IST

Huawei unveils AI data center solution at Dubai summit

Huawei Digital Power introduced its AI data center solution at the Global Data Center Facility Summit 2025 in Dubai, with the goal of propelling the industry towards intelligent computing, as per a report in AP. The summit, which gathered over 500 industry leaders and experts, addressed growth opportunities and development paths for data centers in the AI era; Huawei Senior Vice President Charles Yang stated that the golden era of computing infrastructure has arrived, estimating the global AI DC capacity will exceed 100 GW by 2028, creating a market exceeding US$600 billion in energy infrastructure. Huawei also collaborated with the International Telecommunication Union (ITU), supported by Alibaba Cloud, China Mobile Group Design Institute, China Telecom, and China Unicom, to release a white paper on lithium-ion battery safety in data centers, outlining seven key dimensions for enhancing safety.

May 14, 2025· 15:00 IST

DAHON features DAHON-V technology at CHINA CYCLE 2025

DAHON, a folding bike company, presented its DAHON-V technology at China Cycle 2025, featuring test rides, tech insights, and a speed challenge, according to a report in PRNewswire. The DAHON-V Speed Challenge showcased the acceleration and stability of DAHON's P8 and Vélodon A4 road bikes against other brands. The Télodon C8 AXS carbon fiber folding road bike received a Gold Award at the 2025 CHINA CYCLE Innovation Awards.

Dr. David T. Hon, Chairman of DAHON Group, stated the company prioritizes user needs and aims to advance urban mobility through smarter and greener cycling. DAHON plans to continue global expansion and innovation with its DAHON-V technology.

May 14, 2025· 15:00 IST

United States to slash tariffs on small parcels from China

The U.S. is set to cut the 'de minimis' tariff for low-value shipments from China to potentially 30%, a move that aims to de-escalate the trade war between the U.S. and China, according to a report in Reuters. This action follows ongoing trade negotiations between the U.S. and China, which address trade imbalances and intellectual property concerns, and it also partially reverses tariff policies implemented under the Donald Trump administration.

The tariff reduction could lead to lower prices for U.S. consumers and reduced costs for businesses importing goods from China, but it may also increase competition for U.S. manufacturers. The Biden administration may present this as a pragmatic approach to managing the U.S.-China relationship and addressing economic concerns, while China could see a boost in exports and economic growth.

May 14, 2025· 15:00 IST

China's 2025CHINASHOP focuses on retail transformation in Shenzhen

The 2025CHINASHOP, held in Shenzhen from May 8-10, spotlighted the transformation of China's retail sector with an emphasis on 'Value Reinvention', according to a report in CHINASHOP. The event, spanning 100,000 square meters, hosted 930 exhibitors and attracted 70,000 attendees from over 60 countries, along with 4,350 delegates and 200 speakers. CCFA President Peng Jianzhen stated the event addresses the global retail transformation, noting China's unique path through policy, digital innovation, and localized approaches, with a shift towards emotional resonance and away from basic needs.

The event showcased AI-driven solutions, sustainable practices, and experiential retail designs, including the China Retail Well-Branded Goods Fair featuring over 600 niche brands. Retailers like CR Vanguard and JD Supermarket participated in procurement matchmaking. Forums like the China Supermarket Conference and the All-retail AI Spark Congress discussed the future of retail, emphasizing efficiency, sustainability, and value creation.

May 14, 2025· 15:00 IST

China warns UK over terms of US trade deal

China has cautioned the UK about its recently signed trade agreement with the US, arguing that Britain is siding with the US in a move that might compel British firms to remove Chinese products from their supply networks, The Guardian reports. The UK-US trade deal, finalized last week, provides the UK with limited relief from US tariffs on car and steel exports, but only if it adheres to strict American security requirements, including supply chain and ownership structure scrutiny, which is largely seen as targeting Chinese involvement.

The UK government now faces the challenge of maintaining strong trade relationships with both the US and China, and this deal could strain relations with China and potentially lead to retaliatory measures; furthermore, UK businesses may encounter increased costs and complexities in their supply chains if forced to exclude Chinese products, potentially impacting their competitiveness and profitability.

May 14, 2025· 15:00 IST

Brazil and China call for Russia and Ukraine to hold direct talks

Brazil and China are advocating for direct discussions between Russia and Ukraine as the "only way to end the conflict," as per a report in Al Jazeera. Lula has urged Putin to negotiate in Istanbul, referencing earlier unsuccessful talks held there. China's previous 12-point position paper in 2023 on the Ukraine crisis also promoted a ceasefire and negotiations, reflecting a similar sentiment to Lula's proposal and reinforcing China's aim to be seen as a neutral mediator.

This call for negotiations has varying political implications, potentially providing Russia with a diplomatic opportunity and increasing pressure on Ukraine to consider talks. It also strengthens China's position as a possible mediator and challenges the Western strategy of isolating Russia, while reinforcing Lula's image as a global statesman.

May 14, 2025· 15:00 IST

Global shares mixed amid cautious optimism over U.S.-China agreement

Global shares experienced mixed trading on Wednesday, with a sense of cautious relief prevailing in regional markets following a U.S.-China agreement on tariffs, as per a report in the AP. In Asian markets, Chinese stocks rallied, with Hong Kong’s Hang Seng rising 2.3% and the Shanghai Composite gaining 0.9%; Chinese tech companies like Tencent Holdings, Baidu, and Alibaba Group Holdings saw significant gains, while Japan's Nikkei 225 declined slightly by 0.1%.

European markets showed slight declines, with France's CAC 40, Germany's DAX, and Britain's FTSE 100 all edging lower; this tepid relief among global businesses and investors stems from uncertainty about the longevity of the trade truce and future tariff developments, while benchmark U.S. crude and Brent crude both experienced declines in energy trading.

May 14, 2025· 15:00 IST

China to boost financial support for science and technology innovation

China announced on Wednesday that it will increase capital market support for science and technology innovation enterprises and expand bank credit support for these firms, according to a report in Reuters. The country also plans to expand its pilot program for financial asset investment companies (AICs) to attract more equity investment into tech innovation firms; these guidelines were jointly released by seven departments. This initiative aligns with China's 'Dual Circulation' strategy, emphasizing technological self-reliance and boosting domestic demand, in response to US export controls and investment restrictions targeting China's access to advanced technologies.

May 14, 2025· 15:00 IST

Hytera hosts Theme Day at China Pavilion during Expo 2025

Hytera, a global provider of professional communications technologies and solutions, hosted its Theme Day at the China Pavilion during World Expo 2025 Osaka on May 11, showcasing its technologies and solutions, according to a report in AP. The event featured hands-on demonstrations, interactive check-ins, and the brand’s mascot “Xiao Hai,” highlighting how professional communication technologies connect people and cultures on a global stage. Edward Lin is the Sales Director of Hytera Japan, and Shin Ryu is the CEO of General Trading Japan Co., Ltd., Hytera’s distributor in Japan.

Hytera showcased its next-generation innovations, including body-worn cameras, PoC radios, and new devices designed for hazardous environments. Hytera's PNC380 PoC radios are currently used by the China Pavilion team to enable real-time coordination at Expo 2025 Osaka, which opened on April 13 and will continue until October. Hytera's technologies are also reportedly widely adopted across Japan’s firefighting and petrochemical sectors.

May 14, 2025· 13:30 IST

US clarifies Trump's 'unification' comment was about trade with China

Reuters reports that the U.S. clarified President Donald Trump's "unification" comment was in reference to trade relations with China, reassuring Taiwan that U.S. policy has not shifted. This clarification from the de facto U.S. embassy in Taiwan comes after the statement caused concern, given China's claim over Taiwan and its vow to reunify, potentially by force.

The U.S. maintains a policy of strategic ambiguity regarding Taiwan, neither confirming nor denying potential military intervention if China attacks. The Taiwan Relations Act of 1979 authorizes the U.S. to provide Taiwan with the means to defend itself. China has increased military activity near Taiwan, making any comments about unification sensitive.

May 14, 2025· 13:00 IST

Hang Lung Properties' NET•WORK co-working space achieves 70% occupancy in Hong Kong

Hang Lung Properties' NET•WORK, a co-working space in Hong Kong's Central district, has achieved a 70% occupancy rate following its trial period, attracting financial institutions, professional service firms, and TMT companies, according to a report in AP. NET•WORK, located in the Standard Chartered Bank Building, offers flexible office solutions with over 13,000 square feet of space, including 27 private offices and 212 workstations.

Sui So-wai, Senior Director of Office, Hotel, Residence and Serviced Apartment at Hang Lung Properties, stated that NET•WORK aims to connect talent and the business community, offering a one-stop service solution. NET•WORK members can access Hang Lung's cross-regional business network in Hong Kong and mainland China. Hang Lung Properties is headquartered in Hong Kong and manages properties in nine mainland cities, operating under the "66" brand.

May 14, 2025· 12:30 IST

China criticizes UK-US trade deal

China has voiced concerns regarding the trade agreement established last week between the UK and the US, suggesting it could negatively impact Chinese products' presence in Britain's supply chains, according to a report in The Guardian. China maintains that cooperation between countries should not harm the interests of third parties.

The criticism occurs amidst growing geopolitical tensions between China and Western countries and the UK's post-Brexit strategy to diversify its trade relationships. The UK-US trade deal's specific clauses, particularly those related to supply chain security and origin of goods, are likely the source of China's apprehension.

May 14, 2025· 12:30 IST

Asian shares mostly gain amid cautious relief over US-China agreement

Asian markets experienced mostly gains on Wednesday, fueled by a cautious sense of relief after the U.S. and China reached a trade agreement, according to a report in the Associated Press. Japan's Nikkei 225 decreased by 0.2%, while Australia's S&P/ASX 200 rose by 0.1%. South Korea's Kospi increased by 1.2%, Hong Kong's Hang Seng jumped 1.8%, and the Shanghai Composite gained 0.8%.

The market's tepid response reflects uncertainty about the agreement's longevity and potential tariff changes. Brian Coulton, chief economist at Fitch Ratings, stated that tariff uncertainties would remain key macroeconomic factors without a lasting deal. A recent U.S. inflation report showing a slowdown to 2.3% in April also contributed to market activity, easing concerns about stagflation. However, economists anticipate potential inflation increases due to Donald Trump's tariffs, which may influence the Federal Reserve's decisions on interest rate cuts.

May 14, 2025· 12:30 IST

China and Colombia sign Belt and Road cooperation plan

China and Colombia have signed a joint cooperation plan on the Belt and Road Initiative after their leaders met in Beijing, according to a report in Reuters. The Belt and Road Initiative, a global infrastructure development strategy adopted by China in 2013, involves investments in over 150 countries and international organizations.

This agreement underscores China's expanding economic ties with Latin America, a region traditionally considered within the United States' sphere of influence; China is Colombia's second-largest trading partner. The deal could provide Colombia with increased economic opportunities and infrastructure development, while also expanding China's geopolitical influence and access to resources.

May 14, 2025· 12:30 IST

WTA tour schedule includes multiple tournaments in China through October 2025

The AP reports on the WTA tour schedule from January to November 2025, which features a number of tournaments, including the Adelaide International 1 won by Madison Keys, the Hobart International won by McCartney Kessler, and the Australian Open, also won by Madison Keys. Other tournaments include the Upper Austria Ladies Linz won by Ekaterina Alexandrova, the Singapore Open won by Elise Mertens, and the Abu Dhabi Open won by Belinda Bencic. The schedule also includes multiple tournaments in China, such as the China Open (September 21-October 4), Wuhan Open (October 3-12), Ningbo Open (October 11-19), Guangzhou Open (October 18-26) and Jiujiang Open (October 25-November 1).

The WTA's return to China follows a previous suspension of tournaments due to concerns about the well-being of Peng Shuai, after allegations of sexual assault against a high-ranking Chinese official. This decision comes amidst geopolitical tensions and scrutiny regarding China's human rights record, potentially prioritizing economic opportunities, while China's previous 'Zero-COVID' policies had impacted international events, but the inclusion of multiple tournaments now suggests a shift away from those policies.

May 14, 2025· 12:30 IST

ATP schedule includes multiple tournaments in China for fall 2025

The ATP schedule, as per a report in the AP, features several tournaments in China during September and October 2025, specifically the Chengdu Open (September 15-23), Hangzhou (September 15-23), China Open (September 22-September 30), and Shanghai Masters (September 29-October 12). These events are part of a broader schedule that includes tournaments worldwide, starting with the Adelaide International 1 and ASB Classic in early January and culminating with the Next Gen ATP Finals in December 2025.

The inclusion of tournaments in China follows a period where the country's 'Zero-COVID' policies had significantly impacted the hosting of international sporting events, suggesting a return to normalcy and engagement with the global sporting community. Hosting these events is part of China's soft power strategy, allowing it to showcase its infrastructure and organizational capabilities.

May 14, 2025· 11:00 IST

Stocks and dollar surge as US and China agree to temporary tariff relief

Global shares experienced a rally, while gold and safe-haven currencies declined against a resurgent dollar after the U.S. and China agreed to temporarily reduce tariffs and work together to prevent damage to the global economy, according to a report in Reuters. Following discussions in Geneva over the weekend, both nations agreed that the U.S. would reduce levies on Chinese imports.

The agreement marks a temporary pause in the broader US-China trade war, which has involved escalating tariffs due to U.S. concerns about China's trade practices, intellectual property theft, and market access barriers. This agreement provides a short-term advantage for the Biden administration, showcasing its diplomatic capabilities and potentially easing inflationary pressures, though it also faces pressure to maintain a firm stance on China.

May 14, 2025· 10:30 IST

Asian shares mostly gain amid cautious relief over U.S.-China agreement

Asian markets experienced mostly gains on Wednesday, fueled by a cautious sense of relief following a trade agreement between the U.S. and China, as per a report in the Associated Press. Market performance varied across the region, with Japan's Nikkei 225 falling 0.8%, while South Korea's Kospi surged 1.1% and Hong Kong's Hang Seng jumped 1.1%. The positive market reaction is tempered by uncertainty regarding the longevity of the trade truce and the potential impact of tariffs.

In the U.S., a report indicating slowing inflation last month contributed to buying activity, pushing the S&P 500 up 0.7%. Despite concerns about trade uncertainties, inflation slowed to 2.3% last month. Alexandra Wilson-Elizondo, currently serving as global co-head and co-chief investment officer of multi-asset solutions within Goldman Sachs Asset Management, anticipates that markets will likely respond to negotiation and reconciliation headlines, given the Federal Reserve's expected pause on interest rate adjustments. Stocks in the artificial-intelligence industry performed strongly, with Nvidia rising 5.6%.

May 14, 2025· 09:30 IST

Global stocks rally as US and China pause tariff war

Global stock markets rallied following an agreement between the U.S. and China to cut tariffs for at least 90 days, a move intended to de-escalate the trade war between the two nations that had raised fears of a global recession, according to a report in Reuters. This pause, however, does not resolve the fundamental disagreements between the countries.

The temporary truce offers a respite from rising prices and supply chain disruptions, but uncertainty persists regarding the long-term impact of the trade war and the potential for future tariff increases. The agreement likely resulted from negotiations at a high-level meeting and addresses domestic political pressures in both countries.

May 14, 2025· 09:30 IST

Joint briefing held at China-CELAC forum

A joint briefing took place at the China-CELAC forum in Beijing on May 13, involving China’s Foreign Minister Wang Yi, Colombia's foreign minister Laura Sarabia, and Honduras' foreign minister Eduardo Enrique Reina García, according to a report by Reuters. The forum underscores China's increasing economic and political engagement in Latin America, a trend highlighted by increased Chinese investment, Colombia's interest in diversifying partnerships, and Honduras' recent diplomatic shift recognizing China.

The China-CELAC Forum serves as a platform for cooperation between China and the Community of Latin American and Caribbean States, aiming to boost trade, investment, and political dialogue. This engagement presents both opportunities and challenges for the involved nations, including potential economic development and concerns about debt sustainability and dependence on China.

May 14, 2025· 09:00 IST

Gold prices fall as US-China trade tensions ease

Gold prices decreased on Wednesday as de-escalation in U.S.-China trade tensions reduced safe-haven demand, while markets are closely watching inflation data to evaluate the Federal Reserve's policy path, according to a report in Reuters. Spot gold fell 0.4% to $3,234.32 an ounce, and U.S. gold futures also eased by 0.3% to $3,237.00.

Recent meetings between U.S. and Chinese officials have signaled a willingness to de-escalate trade tensions, potentially providing economic relief for China and allowing it to project stability. For the Biden Administration, this de-escalation could be viewed as a political achievement, though it could also face criticism from those advocating a tougher stance on China.

May 14, 2025· 08:30 IST

Thai engineering student's journey at CUHK highlights excellence in global healthcare innovation

CUHK's reputation as a premier destination for healthcare technology education in Asia is growing, as demonstrated by Jarinyagon Chantawannakul, a final-year Biomedical Engineering student from Thailand, according to a report in the AP. Jarinyagon chose CUHK for its specialized programs, comprehensive infrastructure, and scholarship opportunities; she received the Vice-Chancellor's Scholarship and the Charles K. Kao Scholarship, the latter supporting her research exchange at Stanford University. She also secured funding from the Hong Kong Science and Technology Parks Corporation's Ideation programme to develop her final year project into a commercial product, and aims to contribute to healthcare through innovation after graduation.

Jarinyagon has been mentored by Professor Scott Wu Yuan and Professor Liting Duan, and gained professional experience through internships at Stanford University and a Hong Kong biotech company. She emphasizes CUHK's global reputation and diverse cultural environment as key attractions for prospective Thai students.

May 14, 2025· 08:30 IST

Asia Pacific faces billion-dollar losses from Q1 2025 disasters

Asia Pacific experienced substantial economic losses due to natural disasters in the first quarter of 2025, according to a report by Aon. South Korea's wildfires resulted in 31 deaths, 49 injuries, and approximately $1 billion in losses, while an earthquake in Myanmar is expected to cause billions in damage. The costliest event for APAC insurers was ex-Tropical Cyclone Alfred, with insured losses of approximately AU $1 billion.

George Attard, CEO for Reinsurance Solutions for APAC at Aon, emphasized the need for preparedness and innovative mitigation solutions, while Peter Cheesman, head of Risk Capital analytics for APAC at Aon, highlighted the need for better tools and collaborations to close the insurance gap. Aon's report also noted that global economic losses from natural disasters in 2024 were estimated at $368 billion, exceeding the long-term average.

May 14, 2025· 08:30 IST

Pacific Prime China office receives outstanding partner award from MSH

Pacific Prime has been awarded the "2024 Outstanding Partner of Individual High-end Medical Insurance" by MSH China, a reputable insurance provider, as per a report in AP. The award, presented by Gary Lin, MSH (Shanghai) Business Director, acknowledges Pacific Prime's strong performance and partnership in serving high-net-worth clients in Mainland China. MSH China, established in 2001, is a leader in international health insurance solutions, offering services to insurers, corporations, individuals, and families.

Pacific Prime, established in 2000, is a global insurance brokerage and employee benefits specialist with over 1,000 employees and 15 offices worldwide. MSH representatives praised Pacific Prime's team for their dedication and consistent results, emphasizing the longstanding partnership built on mutual trust and a shared commitment to exceptional client service. Pacific Prime expressed honor in receiving the award, reflecting the shared values of professionalism, integrity, and client-first approach.

May 14, 2025· 08:30 IST

US, China trade détente brings relief to Big Tech

Big Tech is reportedly feeling relieved after the U.S. and China agreed to substantially lower tariffs, suggesting a de-escalation of trade tensions that have been particularly challenging for the technology sector, according to a report in The Hill. This détente is likely a result of ongoing trade negotiations between the two countries, though the U.S. still has restrictions on exporting advanced semiconductors and chip-making equipment to China.

Reduced tariffs and de-escalation of the trade war are expected to improve profitability and market access for U.S. Big Tech companies operating in China and those relying on Chinese supply chains, and could also translate to lower prices on some consumer goods, particularly electronics. While a trade détente can be presented as a foreign policy success for the current administration, some labor unions may view the détente with skepticism, fearing that it could lead to job losses in the U.S.

May 14, 2025· 06:30 IST

Taiwan allies attend Beijing forum as China increases diplomatic pressure

As China intensifies its diplomatic efforts against Taiwan, two of Taiwan's diplomatic allies, including Haiti's Foreign Minister, attended a forum in Beijing on Tuesday that involved China, Latin American, and Caribbean nations, according to a report in Reuters. China views Taiwan as its own territory, and the event highlights China's growing influence in Latin America and the Caribbean, potentially swaying countries away from recognizing Taiwan, which only maintains formal ties with a limited number of nations.

May 14, 2025· 06:30 IST

Phoenix New Media reports $4.2 million loss in first quarter

Phoenix New Media Ltd. (FENG) reported a loss of $4.2 million, or 34 cents per share, in its first quarter, with revenue reaching $21.4 million, according to a report in the Associated Press. The company, which is based in Wangjing, China, anticipates revenue between $25.1 million and $27.2 million for the current quarter ending in June.

The broader context of China's economic slowdown and government regulation of tech companies impacts Phoenix New Media's financial performance, as government policies on online content, advertising, and data security influence revenue and operational costs. Strict government control over media affects the company's ability to operate freely and generate revenue, requiring adherence to government guidelines and censorship policies.

May 14, 2025· 06:30 IST

Us and China agree to trade war pause

Donald Trump announced a "total reset" in U.S.-China relations following an agreement that includes a 90-day pause in the trade war and a reduction of tariffs, according to a report in the Guardian. The agreement follows months of escalating tensions and increasing tariffs on Chinese exports by the U.S. side.

Prior to this agreement, the U.S. and China had been engaged in a trade war involving reciprocal tariff increases on goods, creating economic uncertainty; these escalations occurred between 2018 and 2024. The U.S. has long voiced concerns over Chinese trade practices, including intellectual property theft, which predate the Trump administration.