Beijing
Chinese company Pop Mart, creator of the popular Labubu dolls, expects profit growth of 350% and revenue to triple in the first six months of the year. This is due to global demand for Labubu, which has caused a frenzy and a resale market.
Chinese leader Xi Jinping pledged to strengthen support for Russia in multilateral forums after meeting with the Russian Foreign Minister. This happened after US threats to impose tariffs on Moscow's trading partners.
NATO Secretary General Mark Rutte called on world leaders trading with Moscow to encourage Putin to peace in Ukraine. This is related to the threat of secondary tariffs imposed by President Trump, who also plans to increase military aid to Ukraine.
Donald Trump, at a closed-door donor event in 2024, stated that he threatened Vladimir Putin to "bomb Moscow" if he invaded Ukraine. He allegedly made a similar warning to Chinese leader Xi Jinping regarding Beijing.
German Chancellor Friedrich Merz plans his first visit to China to ease relations after prolonged tension. The trip, expected in October, has symbolic significance for maintaining bilateral relations and restoring contacts.
The European Union calls on China to help end Russian aggression against Ukraine. China's support for Russia's military efforts negatively affects relations between the EU and China.
Asian stock markets are stable, while the dollar strengthens and oil prices fall after the US announced increased tariffs for 14 countries, including Japan and South Korea, starting August 1. The European Union will not receive new increased tariffs.
Vladimir Putin and Xi Jinping will not attend the BRICS summit in Brazil on July 6, indicating a loss of interest in the organization. Putin has an arrest warrant from the ICC, and Xi Jinping allegedly has a "scheduling conflict."
China is finalising new safety regulations for driver assistance systems, which could give it an edge over global rivals. This contrasts with the US market, where such regulation is the focus of criticism.
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.