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Tag: east asia

  • It Sits on a Vast Haul of Mineral Wealth. Now This Arctic City Must Be Moved.

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    The underground wealth beneath the Arctic city of Kiruna fuels Sweden’s economy and is a central cog in one of Europe’s core defense industries. It has also, quite literally, undermined the city’s foundation, prompting an unprecedented urban relocation project.

    Kiruna is home to one the world’s largest deposits of iron ore, used to produce Swedish jet fighters and combat vehicles. Two years ago, mining officials announced that the city, about 90 miles north of the Arctic Circle, also sits on what could be the largest find of rare earths in Europe.

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    Sune Engel Rasmussen

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  • Trump Pitches Meeting With Kim Jong Un During Asia Tour: ‘Put Out the Word’

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    Departing for his first Asia trip of his second term, President Trump publicly called for a meeting with a regional leader not on his diplomatic itinerary: North Korea’s Kim Jong Un.

    Trump, speaking to reporters on Air Force One en route to Malaysia, reiterated his openness to meeting Kim, asking the media to “put out the word.” Trump concludes his multi-stop trip to Asia in South Korea, where the president would be within roughly 250 miles from the Korean Demilitarized Zone—site of the two leaders’ last face-to-face encounter in 2019.

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    [ad_2] Timothy W. Martin
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  • Full Impact of Tariffs on Asia-Pacific Still to Come, IMF Warns

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    Asia-Pacific economies fared better than expected in the first half of the year but the IMF warns that the full blow of U.S. tariff hikes remains unclear, and growth will slow.

    “The intensification of trade tensions continues to be a major downside risk for the region,” the International Monetary Fund said in a report on Friday.

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    Kimberley Kao

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  • Opinion | Xi Is Watching as Chinese Christians Pray

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    Zion Church moved many of its services online. Beijing still arrested its pastor.

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    Mindy Belz

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  • Opinion | Britain’s Do-It-Yourself Version of Chinese Sabotage

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    A ‘spying’ case that may have been a mistake all along sows more distrust than Beijing ever could.

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    Joseph C. Sternberg

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  • Why North Korea Has Scaled Back Its Missile Tests This Year

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    SEOUL—Kim Jong Un is growing his nuclear arsenal but curbing his missile tests.

    The 41-year-old dictator has sharply reduced the number of missile tests but signaled a more confident era for North Korea. Now an increasingly prominent actor alongside Russia and China, Pyongyang’s focus is on solidifying its nuclear status, shifting away from seeking global attention with a flurry of missile launches.

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    Dasl Yoon

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  • Opinion | ‘Does India Even Have Any Cards?’

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    Sadanand Dhume writes a biweekly column on India and South Asia for WSJ.com. He focuses on the region’s politics, economics and foreign policy.

    Mr. Dhume is also a resident fellow at the American Enterprise Institute in Washington, D.C. Previously he worked as the New Delhi bureau chief of the Far Eastern Economic Review (FEER), and as Indonesia correspondent for FEER and The Wall Street Journal Asia.

    Mr. Dhume is the author of “My Friend the Fanatic: Travels with a Radical Islamist,” (Skyhorse Publishing, 2009), which charts the rise of the radical Islamist movement in Indonesia. His next book will look at India’s transformation since the election of Prime Minister Narendra Modi in 2014.

    Mr. Dhume holds a bachelor’s degree in sociology from the University of Delhi, a master’s degree in international relations from Princeton University and a master’s degree in journalism from Columbia University. He lives in Washington, D.C. with his wife, and travels frequently to India.

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    Sadanand Dhume

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  • Japan’s Exports Rebound for First Time in Five Months

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    TOKYO—Japan’s exports rebounded in September, snapping a four-month run of declines despite the impact of U.S. tariffs.

    Outbound shipments rose 4.2% from a year earlier after August’s 0.1% decline, finance ministry data showed Wednesday. Still, the September print undershot the 5.7% rise expected in a poll of economists by data provider FactSet.

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    Megumi Fujikawa

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  • Exclusive | The U.S. Is Trying to Drive a Wedge Between Argentina and China

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    WASHINGTON—The Trump administration is pushing officials in Argentina to limit China’s influence over the distressed South American nation at the same time the U.S. and Wall Street banks are working on a $40 billion lifeline for Buenos Aires.

    Treasury Secretary Scott Bessent has spoken in recent weeks with Luis Caputo, Argentina’s economic minister, about curbing China’s ability to access the country’s resources, including critical minerals. In addition, they have discussed granting the U.S. expanded access to the country’s uranium supply, according to people with knowledge of the conversations.

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    Brian Schwartz

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  • Opinion | About Trump’s Foreign Investment Funds

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    President Trump moves so fast and announces so much that it’s hard to sort the real from the hype. Cases in point are the invest-in-America promises that foreign governments have made as part of Mr. Trump’s trade deals. They’re so large they’re unlikely to happen, and they raise serious questions about American governance and the power of the purse.

    Mr. Trump heads to South Korea later this month for the annual APEC meetings, and Treasury Secretary Scott Bessent says the Administration is “about to finish up” negotiations over Seoul’s promise to invest some $350 billion in the U.S. In return Mr. Trump cut his tariff on South Korea to 15% from 25%. Japan has also agreed to cut the U.S. a $550 billion check in return for a tariff reduction.

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    The Editorial Board

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  • Opinion | China’s Big London Spy Platform

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    Did Britain’s Labour government torpedo a spying case to appease Beijing? Prime Minister Keir Starmer finds himself on the defensive as the opposition claims his government prioritized economic ties with China over national security. One test will be whether his government approves a proposed Chinese mega-embassy in London despite the espionage risks.

    The political brawl erupted last month after a much-publicized espionage case collapsed on a legal technicality. Prosecutors claimed British teacher and consultant Christopher Berry and parliamentary researcher Christopher Cash passed sensitive details to Beijing in violation of the 1911 Official Secrets Act.

    A 2024 High Court ruling expanded the definition of “enemy” to include any country that poses a national-security threat to the U.K. But the Crown Prosecution Service says the Labour government failed to provide such an assessment about China despite repeated requests, and as a result “the case could not proceed.” Messrs. Cash and Berry denied wrongdoing and the charges were dropped.

    Mr. Starmer has blamed the previous government for failing to issue such a designation against China. Under political pressure, he released statements by deputy national security adviser Matthew Collins outlining the evidence in the espionage case, including that British MPs critical of Beijing were among the targets.

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    [ad_2] The Editorial Board
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  • Apple, Trade Thaw Lift Stocks Toward New Highs

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    Easing trade tensions and a big gain in Apple shares helped drive stocks back toward records on Monday, the start of a heavy week of corporate earnings.

    Indexes opened with gains, with some investors saying sentiment was buoyed by President Trump saying he will soon meet with China’s leader, Xi Jinping, and Treasury Secretary Scott Bessent’s Friday comments that he will meet with his Chinese counterpart in person this week. 

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  • China’s Economy Expands at Slowest Pace in a Year

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    SINGAPORE—China said economic momentum decelerated to its slowest pace in a year, putting Beijing on alert in the midst of hardball trade negotiations with the U.S.

    China said its gross domestic product expanded 4.8% in the third quarter of 2025 compared with a year earlier, down from 5.2% growth in the second quarter. Over the first nine months of the year, China’s economy expanded 5.2% from the year-earlier period, according to the National Bureau of Statistics. That means that Beijing is largely on track to hit its official target of around 5.0% growth for 2025.

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    [ad_2] Hannah Miao
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  • A New Challenge for China’s Economy: ‘Involution’

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    Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.

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    Hannah Miao

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  • Opinion | Allies United Against China on Rare Earths

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    Treasury Secretary Scott Bessent said Wednesday he plans to coordinate with allies to counter China’s weaponization of rare-earth minerals. It’s the right move, though he might find it easier to rally the world if President Trump weren’t also hitting our allies with unprovoked unilateral tariffs.

    Mr. Bessent earlier in the week accused Beijing of pointing “a bazooka at the supply chains and the industrial base of the entire free world,” by threatening global export controls on products that contain even minuscule amounts of Chinese rare earths. He’s right. China has a stranglehold on these minerals, and it’s a serious problem.

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    The Editorial Board

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  • American Bankers Are Making a Mint Helping China Inc. Go Global

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    HONG KONG—Chinese companies are pushing across the globe to conquer new markets, and American financiers are making a mint by helping them. 

    The unlikely U.S.-China collaboration during heightened trade and military tensions between the two superpowers is raising concerns on Capitol Hill about national-security risks. But it is producing frothy markets in Hong Kong, the place where Wall Street and China Inc. meet for mutual profit.

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    Rory Jones

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  • China’s Deflationary Pressures Ease Slightly

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    China’s downward price pressures eased slightly in September, but not quite as much as expected, as Beijing ramps up efforts to curb excess capacity and bolster domestic demand.

    Data showing continued deflationary pressure in China comes as Premier Li Qiang renewed calls to double down on efforts to boost consumption, and crack down on pricing competition among businesses.

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  • China, Betting It Can Win a Trade War, Is Playing Hardball With Trump

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    In its trade standoff with Washington, Beijing thinks it has found America’s Achilles’ heel: President Trump’s fixation on the stock market.

    China’s leader, Xi Jinping, is betting that the U.S. economy can’t absorb a prolonged trade conflict with the world’s second-largest economy, according to people close to Beijing’s decision-making. China is holding a firm line because of its conviction, the people said, that an escalating trade war will tank markets, as it did in April after Trump announced his so-called Liberation Day tariffs, prompting Beijing to hit back.

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    Lingling Wei

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  • China Adds Hanwha Ocean’s Units to Sanctions List

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    Hanwha Ocean’s 042660 -5.76%decrease; red down pointing triangle shares slid Tuesday after Beijing added five of the South Korean shipbuilder’s subsidiaries to a sanctions list over their alleged role in a U.S. probe into the Chinese shipping industry.

    The stock plunged as much as 9% before paring losses. It closed 5.8% lower at 103,100 won, equivalent to $72.28, compared with the benchmark Kospi’s 0.6% fall.

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    Kwanwoo Jun

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  • How China and the U.S. Are Racing to De-Escalate the Trade War

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    President Trump is trying to publicly de-escalate tensions with China to soothe markets while privately keeping up pressure on Beijing—a difficult balancing act that is being closely watched by Wall Street.

    After threatening additional 100% tariffs on Chinese imports starting Nov. 1, Trump in recent days spoke with senior officials, including Treasury Secretary Scott Bessent, about sending a message to the world that the U.S. wants to de-escalate trade tensions with China, according to people familiar with the matter.

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    Brian Schwartz

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