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Tag: east asia

  • China Registers Worst Investment Decline in Years as Slowdown Continues

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    SHANGHAI—Signs of weakness in China’s economy stretched into October, with one measure of investment notching the sharpest slowdown in years.

    The numbers

    Momentum in retail sales and industrial production slowed, while investment and the property market continued to struggle, according to data released Friday by China’s National Bureau of Statistics.

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    Hannah Miao

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  • China’s Economic Growth Momentum Slowed in October

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    China’s economic growth momentum slowed in October, weighed down by a high base from the previous year when Beijing rolled out stimulus measures to support a cooling economy, according to official data released on Friday.

    Industrial production rose 4.9% in October compared to a year earlier, a decline from the 6.5% increase in September, the National Bureau of Statistics said.

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  • Alaska’s New Mining Rush Chases Something More Coveted Than Gold

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    ESTER, Alaska—At a mining site here, Rod Blakestad cracked open a shiny rock with his pick. He found quartz, a sign that the rock may contain gold.

    But Blakestad, a veteran gold hunter, tossed the rock aside. He and his team of geologists were searching for something even more sought-after: antimony, an obscure element widely used in the defense industry that is now at the center of the bitter U.S.-China trade fight.

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    Jon Emont

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  • Chips Held Hostage in Trade War Start Flowing Again to Auto Suppliers

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    Nexperia microchips are leaving China again, easing a shortage of simple but ubiquitous parts that threatened to paralyze the auto industry.

    German automotive supplier Aumovio, which was recently spun out of tire giant Continental, said Friday that the Sino-Dutch company’s semiconductors and components containing them were on their way from China to Aumovio’s distribution hub in Hungary.

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    Stephen Wilmot

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  • China’s Bid for Tech Prowess to Keep Lid on Consumption Boost

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    China’s leaders have again pledged to give consumption a bigger role in driving growth, but economists remain unconvinced.

    The emphasis given to technological self-sufficiency and advanced manufacturing has raised doubt over how high consumption is on policymakers’ To Do list.

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  • New Aircraft Carrier Advances China’s Naval Power

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    Leader Xi Jinping marked a step in his mission to modernize the nation’s military.

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    Chun Han Wong

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  • China’s Exports Unexpectedly Contract

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    Exports contracted in October from a year earlier, dragged by a high base of comparison and cooling overseas demand after months of front-loading.

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  • How China’s Chokehold on Drugs, Chips and More Threatens the U.S.

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    BEIJING—China has demonstrated it can weaponize its control over global supply chains by constricting the flow of critical rare-earth minerals. President Trump went to the negotiating table when the lack of Chinese materials threatened American production, and he reached a truce last week with Chinese leader Xi Jinping that both sides say will ease the flow of rare earths.

    But Beijing’s tools go beyond these critical minerals. Three other industries where China has a chokehold—lithium-ion batteries, mature chips and pharmaceutical ingredients—give an idea of what the U.S. would need to do to free itself fully from vulnerability. 

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    Yoko Kubota

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  • Japan Is Overrun With Tourists. This City Wants More.

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    NAGOYA, Japan—The tourists who crowd the bullet trains from Tokyo tend not to disembark at Nagoya as they speed along the so-called Golden Route linking the Japanese capital with Kyoto and Osaka. 

    “Nagoya tobashi,” the locals say. Nagoya gets skipped. The manufacturing hub, which anchors the region that is home to auto giant Toyota, is Japan’s fourth most-populous city and, according to a decade-old newspaper poll that still stings here, number one in dullness. 

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    Jason Douglas

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  • Exclusive | Trump Officials Torpedoed Nvidia’s Push to Export AI Chips to China

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    Shortly before President Trump met Chinese leader Xi Jinping in South Korea, an urgent issue emerged. Trump wanted to discuss a request by Nvidia Chief Executive Jensen Huang to allow sales of a new generation of artificial-intelligence chips to China, current and former administration officials said.

    Greenlighting the export of Nvidia’s Blackwell chips would be a seismic policy shift potentially giving China, the U.S.’s biggest geopolitical competitor, a technological accelerant. Huang—who speaks to Trump often—has lobbied relentlessly to maintain access to the Chinese market.

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    Lingling Wei

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  • Trump Says Xi Will Help Fight Fentanyl. Will China Follow Through?

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    For years, the U.S. and China have been locked in a pattern on the deadly issue of fentanyl. The White House pressures Beijing to stop Chinese companies from exporting chemicals used to make the drug to Mexico. Beijing takes incremental steps in exchange for Washington dialing down economic pressure—only for China to drag its feet when relations deteriorate.

    President Trump, after a summit on Thursday with Chinese leader Xi Jinping, said tariffs he had imposed on China over its role in the fentanyl trade would be lowered to 10% from 20% because of Beijing’s “very strong action” in cracking down and Xi’s commitment to do more.

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    Brian Spegele

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  • Tariff-Driven Shifts Continue to Shape Asia’s Manufacturing Activity

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    Factory activity gauges in Asia reflected a divergence across major exporting economies, as worries over U.S. tariffs continued to cause shifts in supply chains.

    The latest set of S&P Global purchasing managers indexes showed that goods producers in export powerhouses South Korea and Taiwan flagged deteriorating demand last month, but Southeast Asian countries like Vietnam and Thailand recorded a pickup in new orders.

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    Kimberley Kao

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  • Vietnam Is Building Islands to Challenge China’s Hold on a Vital Waterway

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    In the turquoise waters of the South China Sea, one country is challenging Beijing’s grip on one of the world’s most important maritime thoroughfares.

    Over four years, Vietnam has built out a series of remote rocks, reefs and atolls to create heavily fortified artificial islands that expand its military footprint in the Spratly Islands, an archipelago where Hanoi’s claims clash not only with China’s but also with those of Taiwan, the Philippines, Malaysia and Brunei.

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    Gabriele Steinhauser

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  • China Manufacturing Gauge Signals Weaker Growth Momentum

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    A private gauge of China’s manufacturing activity showed Chinese factories continued to expand production in October, albeit at a slower pace, signaling weaker growth momentum heading into the fourth quarter of the year.

    The RatingDog China General Manufacturing Purchasing Managers’ Index, compiled by S&P Global, declined to 50.6 last month from 51.2 in September, according to a statement released Monday.

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  • China Is Filling Up Its Oil Reserves Fast

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    China has spent months building up its oil reserves. That might come in handy in the wake of the new sanctions the U.S. recently imposed on Russian crude.

    During the first nine months of the year, the world’s second-largest economy imported on average more than 11 million barrels of oil a day, an amount above the daily production of Saudi Arabia, according to official customs data. Analysts estimate 1 million to 1.2 million of those barrels were stashed in reserves each day.

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    Rebecca Feng

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  • Canadian PM Carney Says He Apologized to Trump Over Antitariff Ad

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    Canadian Prime Minister Mark Carney said he apologized to President Trump over an antitariff television ad that had angered Trump and sent the two countries’ trade talks into a tailspin.

    Carney made the apology earlier this week during a dinner in South Korea for Asia-Pacific leaders, he told reporters Saturday at a news conference. Trump had been offended by the advertisement, Carney said, which was sponsored by the Ontario government and included audio of former President Ronald Reagan criticizing tariffs.

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    [ad_2] Yoko Kubota
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  • Essay | The Trade War Couldn’t Change China’s Economy

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    President Trump and Chinese leader Xi Jinping have walked back from the ledge—again. But even as the world’s two superpowers deescalate a trade fight that had threatened to destabilize the global economy, a new reality is setting in—that Washington may finally have to give up on its long-standing aim of pushing Beijing to restructure its economy.

    For years and through successive U.S. administrations, senior officials in Washington had hoped that bringing China into the global trading system would open up the country’s political system. In the decades since China’s accession to the World Trade Organization in 2001, those hopes of political liberalization have largely been dashed. The sense of disappointment has only grown as Chinese leader Xi Jinping, who took power in late 2012, has tightened his control over the domestic political system and civil society more broadly.

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    Jonathan Cheng

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  • Exclusive | White House to Announce Resumption of Auto Chip Shipments From China

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    The White House is set to announce that the Dutch semiconductor company that paused shipments weeks ago and risked upending global car production will resume sending chips under a framework agreement reached during talks between President Trump and Chinese leader Xi Jinping, people familiar with the plans said. 

    The new policy on the Dutch chips is part of a forthcoming document from the White House laying out the details of the U.S.-China trade deal signed this week, according to the people.

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    Ryan Felton

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  • China Factory Activity Gauge Signals Deepening Manufacturing Gloom

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    Economic momentum continued to weaken for the world’s second-largest economy, with a manufacturing gauge signaling mounting headwinds.

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  • The Long Road to a U.S.-China Trade Pact

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    In March, Sen. Steve Daines traveled to Beijing with a group of American chief executives in hopes of calming a tense trade relationship between the world’s two largest economies.

    Weeks earlier, President Trump had added an additional 20% in tariffs on China over what he said was its role in the fentanyl trade. The Montana senator and close Trump ally, who lived in China and Hong Kong for six years in the 1990s as an executive for Procter & Gamble, saw an opening to smooth things over.

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    Gavin Bade

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