
Xi urges strategic linkup in call to S Korea's Lee
Xi urges strategic linkup in call to S Korea's Lee
Xi Jinping told Lee Jae-myung that their two countries should inject more certainty into the regional and international situations. File photos: Reuters
President Xi Jinping said on Tuesday that China and South Korea should promote their strategic cooperative partnership to a higher level.
He made the call over the phone with South Korean President Lee Jae-myung.
China and South Korea should inject more certainty into the regional and international landscapes, Xi said, adding that the two countries should jointly safeguard multilateralism and free trade and ensure stable global and regional industrial and supply chains.
"A healthy, stable and continuously deepening China-South Korea relationship aligns with the trend of the times," the president said.
Xi added Beijing and Seoul should respect each other's core interests and concerns, and the two countries should deepen people-to-people and cultural exchanges.
The call came after South Korea's new centre-left leader was elected in a landslide last week after winning a snap election triggered by his predecessor's disastrous martial law declaration.
Seoul has long trod a fine line between top trading partner China and defence guarantor the United States.
Relations with Beijing suffered under Lee's predecessor Yoon Suk-yeol, who cleaved close to the United States and sought to improve ties with former colonial master Japan.
But both countries' export-driven economies have now found themselves in the crosshairs of US President Donald Trump's tariff blitz. (Xinhua/AFP)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


South China Morning Post
38 minutes ago
- South China Morning Post
Stricter rules on funding for Hong Kong sports events planned, as Messi fallout continues
Sports events in Hong Kong that want government support are facing a tightening of the rules around funding, sources have told the Post, as the fallout from the Lionel Messi saga continues. Criteria surrounding global relevance, minimum ticket sales and impact have all been under the spotlight as part of a review started by former sports minister Kelvin Yeung Yun-hung, and changes could be implemented before the end of the year. With the Major Sports Events Committee dolling out HK$624.4 million of public money over the past three financial years, officials were also considering introducing a sliding scale of support, rather than paying out as much as HK$17 million at a time to organisers. 'There will be different conditions, say the number of minimum spectators, 80 per cent of the seats must be filled for exhibition matches,' a government source said. 'There must be elements of mega-events, too, and that applies to all applications. 'Grants of different amounts could also be dished out but that's subject to further considerations, we're still exploring the various [possible] tiers.' Runners head down the Island Eastern Corridor in North Point during the 10km race during the Standard Chartered Hong Kong Marathon. Photo: Eugene Lee The committee currently has a matching fund of up to HK$15 million for major sports events, with additional grants of HK$1 million for venues and marketing also available.


South China Morning Post
an hour ago
- South China Morning Post
China's No 5 EV battery maker Eve Energy jumps on Hong Kong IPO bandwagon
Eve Energy, China's fifth-largest producer of electric vehicle (EV) batteries, plans to raise fresh capital on the Hong Kong stock exchange, following the lead of its bigger rival Contemporary Amperex Technology (CATL) as international investors show a growing appetite for the country's industrial gems. Advertisement The Shenzhen-listed company said on Tuesday that its board had endorsed a fundraising plan aimed at bolstering its international expansion, but details about the share offering were still in the works. The flotation would 'enhance the company's capital strength, overall competitiveness and international brand awareness', Eve Energy said in a filing to the Shenzhen Stock Exchange. The time frame for Eve Energy's share sale would hinge on market conditions, said the company, which is based in Huizhou in China's southern Guangdong province. Advertisement Since its trading debut on May 20, CATL's Hong Kong shares have climbed 14 per cent to HK$299.60 on Tuesday.


South China Morning Post
2 hours ago
- South China Morning Post
Race is on to supplant China's rare earth dominance, reap critical metals in Brazil, US
Beijing's imposition of rare earth export restrictions from April – playing its trump card in the face of Washington's intensifying tariffs and tech curbs – helped send a message to Washington ahead of this week's discussions over bilateral export-control issues. Considered a trump card because rare earths have an outsized impact on auto, electronics and defence industries, and China dominates the supply chain, the trade in such critical minerals is widely expected to be among the key topics this week in discussions between high-ranking US officials and Chinese Vice-Premier He Lifeng in London. Despite Beijing having pledged to accelerate export approvals , China's grip on the industry has amplified the question of whether Washington and its allies should do more to build an industrial chain outside of China, and at what cost. 'We'll start making a dent next year on the magnet side,' USA Rare Earth CEO Joshua Ballard said. 'We're not going to be the full answer, but we're going to make a dent.' USA Rare Earth runs a magnet-making plant in the US state of Oklahoma, where it expects annual revenue of up to US$800 million, at full capacity, from clients eager for components that build consumer electronics, electric vehicles and robotics. The same company is currently working on separation technology for its rare earth deposit in the neighbouring state of Texas, again serving eager American clients.