Beijing
EU's chief diplomat Kaja Kallas stated that Chinese companies' support for Russia in the war against Ukraine poses a serious threat to European security. She urged China to cease material support for the Russian military-industrial complex and to promote peace in Ukraine.
Buyers of the new Xiaomi SU7 electric car have faced a waiting period of up to one year, leading to complaints. Customers made a non-refundable deposit of 5,000 yuan, but were only informed of the long wait after confirming the order.
Xiaomi shares soared after the manufacturer sold 200,000 YU7 electric vehicles in three minutes. This exceeded analysts' expectations, which may force Tesla to reconsider prices in China.
Chinese Foreign Minister Wang Yi will undertake a European tour from June 30 to July 6, visiting the EU headquarters, Germany, and France. The purpose of the visit is the final согласоvание of details for the China-EU summit in Beijing on July 24-25.
Floods have hit China's Guizhou province due to many days of heavy rain, leading to the evacuation of more than 40,000 people. Six rivers have burst their banks, and storms are expected to intensify.
US Secretary of State Marco Rubio called on China to convince Iran not to close the Strait of Hormuz, an important shipping route. This move could have serious economic consequences and lead to rising oil prices.
Chinese company Pop Mart, which created the Labubu toy, has become a global leader in the toy market, surpassing the value of Hasbro and Mattel. Its success is based on the "blind box" model, which stimulates collecting and repeat purchases, but raises concerns among authorities due to risks for minors.
The Chinese real estate market is experiencing a deep crisis, exacerbated by population decline and slowing urbanization. According to Goldman Sachs, demand for new housing in China's urban areas will fall to a quarter of 2017 peak levels.
Russian President Putin and PRC leader Xi Jinping will meet on September 2 in Beijing. The next day, both leaders will take part in celebrations marking the 80th anniversary of the victory over Japan.
Chinese fighters flew extremely close to Japanese military aircraft. Tokyo expressed serious concern and called on Beijing to prevent a recurrence of such incidents.
Tesla has faced problems in China due to restrictions on data transfer for AI. Competitors such as BYD and Huawei are actively developing driver assistance technologies.
The Trump administration plans to significantly increase arms sales to Taiwan, which could increase tensions in relations between the United States and China. It is expected that the volume of arms sales to Taipei will exceed the figures of Trump's first term.
The Trump team's frustration is caused by the EU's unwillingness to impose tariffs on Chinese industry. The US wants trade partners to impose sanctions on China.
Donald Trump said that Apple must manufacture iPhones in the USA, otherwise the company will pay a 25% duty. Apple is expanding production in India, reducing dependence on China.
In China, part of the Fengyang Drum Tower, built in 1375, collapsed. Fortunately, no one was injured, the tower was under reconstruction a year ago.
Lula da Silva assured that he would contribute to the success of negotiations between Russia and Ukraine on May 15. Putin thanked Brazil and China for their contribution to the settlement of the conflict.
Brazilian President Lula da Silva will personally appeal to Putin with a request to meet with Zelenskyy in Turkey. Zelenskyy is also ready for negotiations in Ankara or Istanbul.
Gold prices stabilized during Asian trading on Tuesday. Tariff reductions between the US and China have increased risk appetite.
The second round of negotiations between the US and China is taking place in Geneva. The goal of the meeting is to ease tensions in the trade war between the two countries.
For the first time in more than a century, a woman may be appointed head of MI-6 in Britain. The favorite is Ambassador to the UN Barbara Woodward, but her appointment is causing controversy due to her views on China.
The Trump administration is considering tariff cuts of up to 60% in negotiations with China in Geneva. This is intended to reduce tensions and ease economic difficulties for both sides.
Xi Jinping went to Russia on a state visit at the invitation of Putin.
The U. S. is actively reaching out to China to discuss Trump's tariffs, hinting at possible negotiations. China has tacitly formed a list of American-made goods that will be exempt from tariffs.
Oil prices rose due to US-China trade talks and a possible increase in OPEC+ supply. Brent rose to $67.08, WTI to $63.26 per barrel.
China's State Council has approved the construction of 10 new nuclear reactors. The country plans to overtake the United States and become a leader in nuclear energy by the end of the decade.
US President Donald Trump says Chinese leader Xi Jinping called him about tariffs. Trump added that deals with the US will be completed in three to four weeks.
Donald Trump signed an executive order on mining on the shelf and the ocean floor. This should reduce US dependence on imports of rare earth elements and create new jobs.
Ukrainian intelligence will provide China with information about possible arms supplies to Russia. The SBU will provide data on Chinese citizens working at a Russian drone factory.
A Boeing 737 MAX aircraft, intended for the Chinese airline Xiamen Airlines, returned to the United States. This happened because of import duties introduced by Donald Trump.
Huawei and China Unicom launched China's first 10G broadband network in Xiong'an area. The network based on 50G PON demonstrated a speed of over 9800 Mbps, paving the way for new technologies.