Latest news with #ChineseDelegation
South China Morning Post
3 days ago
- Business
- South China Morning Post
China keeps a low profile at Shangri-La Dialogue. What does that mean?
It is customary for Chinese military delegations to push back against American messaging at the Shangri-La Dialogue , Asia's largest security summit. But this year's response was different: the rebuttal was not led by China's defence minister, but the country's military academic institutions. Advertisement Beijing's low-key attendance at the three-day forum in Singapore, which wrapped up on Sunday, was marked by the absence of the defence minister and the cancellation of a plenary session on China's security, which led to speculation and a few surprises. The absence of Defence Minister Dong Jun , who attended last year, also meant there were no bilateral talks between China and other countries, including the US, at a time when Beijing has been confronted with concerns about its military prowess. A US defence official confirmed to the Post on Friday that the two sides had not arranged bilateral meetings during the forum. Dong's absence was also a disappointment for other countries that had sought to hold talks on the sidelines of the forum, according to military officials from two countries who requested to remain anonymous. Advertisement One of the military officials said, 'The Chinese delegation told us they were not conducting bilateral engagements during the dialogue.'
Free Malaysia Today
22-05-2025
- Business
- Free Malaysia Today
China says US trade talks important but multilateralism key to solution
China and the US announced a trade truce, with the US dropping the extra tariffs it imposed on China to 30% from 145%, while China cut its levies to 10% from 125%. (AP pic) GENEVA : China said yesterday that trade talks with the US were an important step toward bridging gaps, but what was really needed was 'indispensable' multilateralism to find a way out of global trade turmoil. 'While bilateral talks may sometimes work, China believes multilateralism is the inevitable and ultimate choice to address global challenges,' the Chinese delegation at the World Trade Organization (WTO) said in a statement at a two-day meeting of the WTO's General Council in Geneva. 'We need to find the way out,' it added. China and dozens of other countries were stung by a slew of so-called reciprocal tariffs announced by US President Donald Trump in April, before talks were held between the two major commercial partners on May 12 to ease tensions over trade imbalances. China and the US announced a trade truce, with the US dropping the extra tariffs it imposed on China to 30% from 145%, while China cut its levies to 10% from 125%. China called at the WTO council session yesterday for member states to stabilise trade relations and anchor trade measures under WTO rules. 'Unilateral tariffs and the threat of 'reciprocal tariffs' are just like adding fuel to the fire, which is simply wrong. 'An open, stable and rules-based international economic and trade order serves the common interests of all,' China said. The US called on members to address what it called failures in commercial relations that had caused huge trade deficits, and for urgent reform of the WTO system. 'The multilateral trading system, as currently constructed, has been unable to address the serious challenges that face the system,' a US statement said. It added that WTO members had not addressed severe trade imbalances and non-market policies that it described as contrary to WTO principles. Some 47 members sponsored a statement requested by Singapore and Switzerland at the meeting, reaffirming their commitment in support of the rules-based multilateral trading system.
Zawya
14-05-2025
- Business
- Zawya
Egypt explores investment cooperation with Chinese investors in textile sector
Egypt - Minister of Public Business Sector Mohamed Shimi has received a high-level Chinese delegation comprising 37 investors and representatives from around 25 major textile companies, according to a statement. The meeting aims to strengthen economic and investment cooperation between Egypt and China while promoting partnership opportunities in the spinning and weaving industry. It also outlined the Egyptian textile industry and the Holding Company for Cotton Spinning and Weaving's achievements in the sector. Shimi also reviewed the company's strategy in light of the national project to boost the spinning and weaving industry. This project currently includes 10 subsidiaries, all implementing a comprehensive development and restructuring plan across financial, technical, administrative, and marketing aspects. The minister explained that the national project aims to restore Egypt's global leadership in the spinning and weaving industry by offering world-class products, deploying the latest industrial technologies, and maximizing production capacity. It also seeks to increase market share and profitability and strengthen customer confidence both locally and globally. Moreover, Shimi reflected on Egypt's attractive investment components, including the geographical location, the availability of advanced industrial infrastructure, and free trade agreements with several countries. He also affirmed the availability of high-quality raw materials, particularly Egyptian cotton, and the advanced technology utilized in new factories. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Reuters
10-05-2025
- Business
- Reuters
Chinese and US trade negotiators leave Geneva venue, unclear if trade talks continuing
GENEVA, May 10 (Reuters) - Members of Chinese and U.S. delegations left a Geneva lakeside venue late on Saturday afternoon after holding a day of trade talks, according to Reuters reporters at the scene. It was unclear if the discussions would continue.
Washington Post
09-05-2025
- Business
- Washington Post
The Latest: Trump floats cutting China tariffs to 80% ahead of weekend meeting
President Donald Trump on Friday floated cutting tariffs on China to 80% ahead of a weekend meeting as he looks to de-escalate the trade war. Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland in the first major talks between the two nations since Trump sparked a trade war with stiff tariffs on imports.
