noicely done, call for cooperation, perhaps another PP equation of time in-the-bag
the boyz playing well together
doubled-up one HK-listed China shares 00388 (HK Exchange), 00700 (Tencent), 00941 (China Mobile), 00981 (SMIC), 01347 (Hua Hong Semi), 01385 (Shanghai Fudan), 02899 (Zijin Copper), 03750 (CATL), and 09988 (Alibaba)
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China’s development goes ‘hand in hand’ with Trump’s Maga vision, Xi says
Leaders are holding talks in South Korea after US threatened additional tariffs in response to Chinese rare earth curbs
SCMP Reporters
Published: 9:44am, 30 Oct 2025Updated: 11:24am, 30 Oct 2025
INTRODUCTION
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Chinese President Xi Jinping is holding talks with his American counterpart Donald Trump, their first in-person meeting since Trump’s return to the White House, as the rivals seek to manage heightened tensions, particularly over trade.
The closed-door talks are taking place on the sidelines of the Asia-Pacific Economic Cooperation summit in the South Korean city of Busan.
Thursday’s meeting comes at a time of fluctuating US-China relations marked by escalating trade tensions. Trump this month threatened additional tariffs on Chinese goods and hinted at calling off talks with Xi in response to China’s rare earth export curbs.
The US president later said he expected the US and China to “have a really fair and really great trade deal together” after the meeting in South Korea, but at the same time stressed he would proceed with the tariff hike if a deal was not reached by his November 1 deadline.
On Sunday, following trade talks in Kuala Lumpur, the two countries agreed to a preliminary framework deal, with US Trade Representative Jamieson Greer saying they were “moving towards the final details of the type of agreement that the leaders can review and decide if they want to do it together”.
US Treasury Secretary Scott Bessent said a deal on TikTok would be finalised at the Trump-Xi meeting.
Trump earlier suggested that rare earths, fentanyl, soybeans and Taiwan were some of Washington’s priorities.
In a rare comment about Taiwan on October 20, Trump said Beijing “doesn’t want to” invade the self-ruled island, saying “I don’t see anything happening”, though he did not say if Taipei would be part of any trade deal he would table with Beijing.
Beijing sees Taiwan as part of China to be reunited by force if necessary. Most countries, including the US, do not recognise Taiwan as an independent state, but Washington is opposed to any attempt to take the island by force and is committed to supplying it with weapons.
Beijing has repeatedly stressed that Taiwan is the “first red line that cannot be crossed”, urging Washington to cease arm sales to Taiwan and oppose Taiwanese independence. The second Trump administration has been quiet on its position on Taiwan.
Xi and Trump have spoken by phone three times this year. In the most recent call, which took place last month, Xi stressed the importance of stable US-China ties and said the two countries needed to work together, but he also called out Trump’s unilateral trade restrictions, according to a Chinese foreign ministry account of the call.
Reporting by Dewey Sim, Alyssa Chen, Fan Chen, Meredith Chen, Orange Wang and Sylvia Ma |
