Trump is trying to break China’s monopoly on rare earths
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Reuters’ Ella Cao and Lewis Jackson reported that “China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world’s two largest economies.”
China will hold a celebration to mark the 80th anniversary of Taiwan's "retrocession" to Chinese rule, the government said on Wednesday, which sources told Reuters would take place in Beijing's Great Hall of the People this weekend.
China is rolling out the red carpet for more than two dozen world leaders at two major defense-related events this week. The guest lists, and
Treasury Secretary Scott Bessent commented on the Trump administration's strategy for the "trade war" with China during an appearance at a CNBC event on Friday. "I think things can de-escalate; we don't want to have to escalate,
China's exports of rare earth magnets fell in September, reigniting fears that the world's top supplier could wield its dominance over a component key for U.S. defence firms and makers of items from cars to smartphones as leverage in trade talks.
Given this background, it becomes easy to understand how, in this scenario, China has become a global leader in the clean energy transition. Xi's speech did not go into much detail, but it did mention all the main points of China's strategy.
The July-September data, the weakest pace of growth since the third quarter of 2024, compares with a 5.2% pace of growth in the previous quarter, officials said.
China has once again broken the record for the highest bridge on earth. Located in the southern province of Guizhou, the Huajiang Grand Canyon Bridge opened to traffic on September 28 after more than three years of construction.
Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.
China's Mingyang Smart Energy Group is developing a 50-megawatt offshore wind turbine, poised to become the world's most powerful, while European and US offshore wind industries face significant challenges.