Ding Xuexiang defended China’s manufacturing machine against accusations of overcapacity. China posted a record-breaking trade surplus of nearly US$1.2 trillion in 2025. In the first five months of this year, the country's trade surplus reached US$451.7 billion.
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The Commerce Ministry blocks Chinese companies from exporting "dual-use" items to 10 U.S. military-related companies. The companies include military drone makers and some involved in rare earth mining. Government entities are also prohibited from buying products from 46 American companies.
This year marks the 30th anniversary of Taiwan’s first direct presidential election. President Lai Ching-te attended an international press reception June 18 in Taipei City. He expressed hope that the international community would more deeply understand the free, resolute and prosperous Taiwan.
China's exports of green-energy and battery products to the United States have accelerated amid demand in America's fast-expanding AI sector. Exports of unassembled photovoltaic cells surged 346% year on year to US$39.96 million, while shipment volumes jumped 357%. Lithium-ion batteries and lead-acid batteries also posted solid growth. The data comes after May's summit between President Xi Jinping and US President Donald Trump.
Hong Kong has signed six agreements with Fujian to step up collaboration in finance, trade, tourism and education. Chief Executive John Lee Ka-chiu encourages businesses from the province to list on the city's bourse for overseas expansion. The two sides finalised 28 collaborative projects across 11 areas at the fifth Hong Kong-Fujian Cooperation Conference on Monday.
Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1. Authorities are working to expand eligibility, quotas and the range of products under the Cross-boundary Wealth Management Scheme. More mainland Chinese investors could gain access to more products in Hong Kong under a review by authorities.
John Lee Ka-chiu's government has released its own report card on poverty alleviation. The administration has abandoned the poverty line based on household income in favour of a 21-indicator framework that will help it better target needy groups. The most vulnerable include households with children living in subdivided flats, single-parent families with children under 12 and elderly households with all members over the age of 80.
Washington and Beijing are in an artificial intelligence race. The winner will have best-in-class technologies and entrench them into industries, governments, and education systems worldwide. Washington could fall behind if it treats the contest solely as a race to hit new capability benchmarks.
China bans its companies from exporting dual-use items to American military-related companies. The move is in response to the recent U.S. move that bars some leading Chinese tech companies from defense contracts. Government entities are also prohibited from buying products from 46 American companies.