Global leaders are arriving in Gyeongju, the cultural hub of North Gyeongsang Province, as South Korea hosts the Asia Pacific Economic Cooperation summit. Delegates from 21 member economies are expected to discuss trade, technology and security.
How and if China will react to a US-Japan rare earths deal remains to be seen but Beijing has said it will suspend its restrictions on rare earth metal exports in what is a move likely to ease pressure on the US tech and defence sectors.
Marco Rubio, the US Secretary of State, told reporters that the administration of Donald Trump is not contemplating any agreement that would compromise Taiwan’s status.
Just how control over these critical minerals plays out will be a long fought battle lasting decades, and one that will increasingly define Asia’s industrial future.
China’s state-owned oil giants have paused their purchase of Russian crude oil in response to recent US sanctions targeting Moscow’s two largest oil firms, Rosneft and Lukoil
Hong Kong airport and rescue authorities have reaffirmed their confidence in the airport’s safety protocols after a cargo plane crashed into the sea early on October 20, killing two.
India’s Finance Minister Nirmala Sitharaman will not attend this week’s annual meetings of the International Monetary Fund and World Bank in Washington, as trade negotiations between New Delhi and Washington remain unresolved.
Chinese customs authorities in Shandong province have reportedly confiscated 60,000 maps destined for export after alleging they contained “serious mistakes” related to the depiction of Taiwan and the South China Sea.
A closer inspection suggests that the scope of China’s new controls on rare earths is narrower than many had initially feared. But they still give officials plenty of leverage over global supply chains, according to Capital Economics.
While many Asian nations have quietly distanced themselves from Moscow in a bid to fall into line with US or European allies, several continue to engage with Russia, providing varying degrees of support that help sustain its military campaign.
A representative from China’s Ministry of Commerce stated that the country was ready to take reciprocal action should the US proceed, emphasising that China remained unshaken by the prospect of renewed trade tensions.
"Some very strange things are happening in China!" Trump wrote in a post on his Truth Social account on October 10, adding "They are becoming very hostile."
Iron ore underpins almost all modern industrial economies; it is the raw material from which steel is forged, and China remains its dominant consumer.
Sungrow Power Korea already offers a product line including "total solutions across the entire renewable energy sector, including commercial and residential ESS systems, floating solar power, and electric vehicle charging systems."
Galling to China, Takaichi is said to be a regular visitor to Yasukuni Shrine, which, given its enshrinement of Japan’s war dead, including a number of convicted war criminals, is seen as a political slap in the face by Beijing.
The world order is changing. The emerging markets are coming of age and they are setting up a raft of largely non-Western Global Emerging Markets Institutions (GEMIs) to coordinate their lives. Trade is the glue that binds them together.
The international order is breaking up as the Global Emerging Markets build a raft of new non-Western interlocking international institutions to run their vision of a new multipolar world order.
In total, 39 members of the family faced sentencing on September 29 in Wenzhou. Five others received death sentences suspended for two years, 11 were given life imprisonment, and the remaining defendants were jailed.
Trump’s administration has been exploring options for keeping a military footprint in Afghanistan - a move that Russia has already said would have catasrophic consequences.
In recent weeks, Seoul has held internal discussions about expanding joint defence commitments, including revisiting missile defence cooperation and rotational stationing of American forces.