In Washington, President Trump has said he is willing to meet with Xi Jinping, China’s top leader. In Beijing, Chinese officials and experts agree that a meeting between the heads of state must precede any broad reset of relations with the United States amid Mr. Trump’s aggressive approach to trade and foreign policy. But arranging … Read more
Beijing: Chinese leader Xi Jinping vowed Friday that the country’s door would “open wider and wider” as he met with foreign executives in Beijing. “China is firmly committed to advancing reform and opening up. The door of opening up will only open wider and wider,” Xi told the executives, including hedge fund boss Ray Dalio … Read more
Xi Jinping, China’s top leader, met with top executives of Saudi Aramco, BMW, Toyota Motor, FedEx and dozens of other foreign companies at the Great Hall of the People in Beijing on Friday as China seeks to boost foreign investment amid worsening trade relations between China and the United States. It was the third time … Read more
Beijing: Chinese President Xi Jinping’s relatives continue to possess millions of dollars in business ventures and financial investments, Radio Free Asia reported, citing a recent report from US sources. After assuming power in 2012, President Xi initiated an anti-corruption campaign designed to eliminate corruption at all tiers of the Communist Party. This initiative, which focused … Read more
China has released five employees of an American corporate investigations firm, the Mintz Group, two years after they were detained as part of a crackdown by Beijing on foreign business consultancies. “We understand that the Mintz Group Beijing employees who were detained, all Chinese nationals, have now all been released,” the firm said in a … Read more
Buried in China’s latest government budget were some numbers that add up to an alarming trend. Tax revenue is dropping. The decline means that China’s national government has less money to address the country’s serious economic challenges, including a housing market crash and the near bankruptcy of hundreds of local governments. Weak tax revenue also … Read more
President Trump fueled new speculation this week about a meeting with China’s top leader, Xi Jinping, when he told reporters that Washington needed to be cleaned up to prepare for a summit between the two leaders in the “not too distant future.” Mr. Trump provided no details, and China has said nothing publicly about any … Read more
Since the founder of the Chinese artificial intelligence start-up DeepSeek shook hands with Xi Jinping, China’s top leader, last month, officials around the country have been racing to show how they are using the company’s technology. Courthouse officials are using DeepSeek to draft legal judgments within minutes. Doctors at a hospital in Fuzhou, in eastern … Read more