AstraZeneca agrees to research deal worth up to $5.22 billion with CSPC
June 13 (Reuters) - AstraZeneca (AZN.L), opens new tab said on Friday it has agreed to a research deal with Chinese drugmaker CSPC Pharmaceuticals (1093.HK), opens new tab worth up to $5.22 billion to focus on AI-enabled initiatives.
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The Guardian
3 hours ago
- The Guardian
Majority of Australians think China will be world's most powerful country by 2035, poll finds
A majority of Australians expect China will be the most powerful country in the world by 2035 as trust in the US tumbles, new research has found. Just over one in three Australians (36%) trusted the US to act responsibly on the world stage, representing a 20-point fall from 2024 and the smallest proportion since the Lowy Institute began polling in 2005. The thinktank's 2025 report found only one in four respondents had any confidence in president Donald Trump's approach to world affairs – less than half of the 46% who expressed faith in Joe Biden the previous year. Confidence in the Chinese leader, Xi Jinping, rose four points to 16%, and Australians were evenly split on whether Xi or Trump was a more reliable partner. Australians were just as likely to view China as an economic partner than as a security threat for the first time since 2020 – though a high proportion of voters still distrust China and believe it will become a military threat to Australia in the next 20 years. 'There's slightly more trust, slightly less threat perceptions, [but] it's still a pretty bleak picture for how Australians look at China,' said Ryan Neelam, the poll author and a director at the Lowy Institute. A majority of respondents believed the US would come to Australia's defence if it were attacked, with 63% agreeing, a drop from the 75% agreement recorded in similar questions in recent years. Sign up for Guardian Australia's breaking news email But Australians nonetheless continued to support the strong military relationship, despite a loss of trust likely inspired by Trump's 'shocking' and 'norm-breaking' foreign policy, according to Neelam. 'It's almost as if the Australian public are separating those two things in their minds: the instability and unpredictability of Trump's approach to world affairs, from the institution of the alliance.' Since the 2024 survey, the gap between Australians' trust in the US compared with China has more than halved, as perceptions of China continued to improve from their nadir in 2022, Neelam said. 'That's quite remarkable for Australia's key security ally to have such a low level of trust,' he said. 'The weight of expectation is that China will be more powerful and more predominant in the global system.' Just over one in four respondents believed the US would be the most important and powerful nation in 10 years' time, with more than half expecting China to take the lead. Four in five voters said the alliance with the US was important for Australia's security, similar to the support observed in 2023 and 2024. Support for the Aukus nuclear-powered submarine deal was also steady with two-thirds of those polled in favour, similar to the level observed since 2022. Coalition voters and residents of Queensland and Western Australia were especially supportive, each recording about four in five people in favour, while Victorians and Labor voters were more lukewarm, at three in five. Respondents were polled in March, prior to the US defence department's announcement of a review of the Aukus deal, which Anthony Albanese described as 'appropriate' ahead of a possible meeting with Trump on the sidelines of the G7 meeting in Canada. Three in five people expressed confidence in Albanese's approach to world affairs in the Lowy poll, putting the prime minister just behind France's Emmanuel Macron and New Zealand's Christopher Luxon. Luxon was the most trusted world leader, though nearly a quarter of those polled expressed no view, most of whom saying they did not know who he was.
Daily Mail
3 hours ago
- Daily Mail
Trump's tariff ultimatum forces country to promise to buy more American goods
Taiwan has promised to buy more American goods after Trump threatened the island nation with a 32 percent tariff. Taiwan's president Lai Ching-te said last month that the country would buy more American natural gas and oil, weapons and agricultural goods. The self-governing island is looking to form closer ties with the US as it faces rising pressure from China, which has threatened to annex Taiwan by force if necessary. Lai said Taiwan's promises would help create 'more balanced bilateral trade' as well as boost its energy autonomy and resilience. Lai also told the US congressional delegation he was hosting that Taiwan would support America's efforts to reindustrialize and lead the world in AI. Taiwan had a trade deficit of $116.3 billion with the US last year, according to the Office of the U.S. Trade Representative. As a result Trump proposed a 32 percent tariff against the island, which is currently on hold except for a 10 percent baseline duty, while negotiations take place. It comes as Taiwan's exports jumped 87.4 percent to $15.5 billion in May, as companies fired off shipments before tariffs hit. Both figures are a record, the Ministry of Finance said in a statement on Monday. Taiwan enjoys bipartisan support from the US, which sees providing Taipei with the means to defend itself against China as being in America's interest. Many politicians have argued that as well as arming Taiwan, close economic and trade ties with the US leave the island less vulnerable to economic coercion from Beijing. Taiwan's semiconductor giant TSMC recently invested $165 billion into building advanced chip factories in Arizona. The US is now the number one country for Taiwan's foreign investment and the island is the seventh largest importer of American agricultural goods. Trump first unveiled his 'reciprocal tariffs' on April 2, so-called 'liberation day.' The aggressive policies sent stocks sliding and caused a crisis in the bond market. Trump then backed down, bringing tariffs for most countries down to 10 percent while trade negotiations took place. The President then put the EU in his sights, threatening the bloc with a 50 percent tariff. He has since also put that threat on ice until July 9, and has said negotiations are going in a 'positive' direction. It comes as Trump declared a trade deal between the US and China 'done' on Wednesday. He said new rare earth minerals would be coming into the US from its top trade competitor. 'Our deal with China is done, subject to final approval with President Xi and me,' Trump posted on his social media site Truth Social on Wednesday morning. 'Full magnets, and any necessary rare earths, will be supplied, up front, by China.' Consumers are already beginning to feel the pinch from tariffs, with prices rising from grocery shelves to new cars. Toyota is the latest car manufacturer to warn that its popular products are about to become more expensive. Mark Templin, Toyota's chief operating officer for North America, said the company is planning price hikes in response to Trump's 25 percent tariff on imported vehicles and parts. Walmart has also confirmed that it will have to raise prices as a direct result of Trump's tariffs. The grocery giant — which imports 60 percent of its goods from China — said it is passing along the 'unprecedented' costs of Trump's trade war on to consumers.
Reuters
3 hours ago
- Reuters
Hongqi Showcases Luxury Lineup at 2025 International Automotive and Supply Chain Expo (Hong Kong), Championing Oriental Luxury
CHANGCHUN, China, June 15, 2025 (EZ Newswire) -- From June 12 to 15, Hongqi, opens new tab, a Chinese luxury car brand operated owned by the automaker FAW Group, opens new tab, made a bold statement at the 2025 International Automotive and Supply Chain Expo in Hong Kong, opens new tab, unveiling its latest vehicle lineup under the banner of "Oriental Luxury" and signaling its growing ambitions in global markets. The event featured the Golden Sunflower Exclusive Appreciation Ceremony, a high-profile showcase that connected the brand with local consumers and partners. With its outstanding products and rich brand heritage, Hongqi continues to expand the global influence of Chinese luxury brands. Qiu Xiandong, chairman of China FAW Group Co., Ltd., attended the opening ceremony of the 2025 International Automotive and Supply Chain Expo (Hong Kong) as well as the launch of the China Automotive and Supply Chain Enterprises Overseas Alliance, where he delivered a speech. He emphasized that FAW Group is actively integrating into Hong Kong, serving Hong Kong, and making contributions in Hong Kong aiming to achieve a win-win result through deep cooperation. FAW Group aims to strengthen cooperation in industry, ecology, finance, and technological innovation, and is willing to partner with Hong Kong in creating a new legend.. Reflecting Hongqi's core values of collaboration, excellence, and cultural pride, the Group aims to foster strategic partnerships across industry, green development, finance, and technology. With this vision, FAW Group seeks to co-create a new chapter of success with Hong Kong, building a bridge between Chinese innovation and the global luxury market. The Hongqi Golden Sunflower series vehicles, representing the pinnacle of Chinese automotive craftsmanship—Guoyao, Guoli, Guoya, and Guoyue—profoundly demonstrate Hongqi's mastery of design aesthetics, safety standards, and manufacturing quality. These vehicles became the center of attention at the event. More than just luxury cars, the Golden Sunflower lineup symbolizes a new standard for Chinese premium manufacturing and plays a vital role in accelerating Hongqi's high-end positioning in the Hong Kong market. Its strong reception underscores the growing global appetite for Chinese luxury, driven by innovation, heritage, and bold design. During the Golden Sunflower Exclusive Appreciation Event, Liu Changqing, assistant president of China FAW Group Co., Ltd. and vice president of Hongqi Brand Operation Committee presented a customized commemorative gift to Wong Yan Kwong, the Chairman of KONSTAR Group and Hong Kong Hongqi Enthusiasts Association. Xiandong presented a top-tier luxury sedan—Guoli, to Lo Man Tuen, the chairman of the Wing Li Group (International) Limited. These exchanges symbolized Hongqi's commitment to building lasting relationships a key international market. At the 2025 International Automotive and Supply Chain Expo (Hong Kong), Hongqi unveiled a range of classic and modern models. The unveiling of precious models such as the Hongqi CA770, the right-hand-drive version of the CA770, and the CA72 carried the deep affection and cherished memories of several generations for China's high-end automotive industry, evoking decades of pride in China's high-end automotive legacy. These classics, revered by multiple generations, reaffirmed Hongqi's role as a symbol of national craftsmanship and cultural prestige. The three models—H9, opens new tab, HQ9, and E-HS9, opens new tab—showcased Hongqi's dedication to product excellence and technology development. Additionally, the Hongqi "TianNian NO.1" flying car became a major highlight of the auto show with its forward-looking technological concepts and innovative design. Together, these vehicles not only showcased Hongqi's wide market appeal but also highlighted its commitment to leading the future of intelligent mobility. Hongqi's presence at the 2025 International Automotive and Supply Chain Expo in Hong Kong not only showcased its outstanding product lineup but also underscored the brand's deeper mission: to redefine luxury through a uniquely Eastern lens and bring Chinese innovation to the global stage. Guided by its philosophy of "From Oriental Luxury to the World's New Luxury," Hongqi is dedicated to blending cultural heritage with increased investment in R&D—delivering products that embody elegance, innovation, and a strong sense of national pride. Hongqi aims to share the new story of oriental luxury automotive brands with global users and share the new travel experiences of China's high-end intelligent manufacturing. In the next five years, Hongqi will launch over 20 new models globally, including new energy vehicles, fuel-efficient models, and Golden Sunflower series models. Hongqi is committed to delivering more high-quality vehicles that earn the trust of global consumers—driving Chinese automotive brands to new heights in the world. About Hongqi Hongqi is a Chinese luxury car brand operated owned by the automaker FAW Group. Hongqi was launched in 1958, making it the oldest Chinese passenger car brand. In the next five years, Hongqi will launch over 20 new models globally, including new energy vehicles, fuel-efficient models, and Golden Sunflower series models. Hongqi is committed to delivering more high-quality vehicles that earn the trust of global consumers—driving Chinese automotive brands to new heights in the world. For more information, visit Media Contact Lin Dingdinglin7@ ### SOURCE: Hongqi Copyright 2025 EZ Newswire See release on EZ Newswire
