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Today

Nick Scali CEO Anthony Scali has issued a profit warning due to higher than expected freight costs.

Freight collapse leaves Nick Scali furniture stranded, profits at risk

The failure of Lion Global Forwarding meant 200 containers were stuck at port, with the retailer warning for the second time in a month of an earnings hit.

  • 1 hr ago
  • Carrie LaFrenz
Jimmy Lai pictured in 2020.

Former publisher Jimmy Lai testifies in HK national security trial

The founder of the now shut down Apple Daily pro-democracy newspaper was arrested in 2020 during a crackdown on mass protests that rocked Hong Kong.

  • Kanis Leung
The cargo ship was closely followed by the Danish Navy afterwards, said open source intelligence experts.

Chinese vessel spotted where Baltic Sea cables were severed

A Chinese-registered vessel on its way from the Russian port of Ust-Luga to Port Said in Egypt passed close to both the cables around the time each was cut.

  • Richard Milne and Oliver Telling

Yesterday

China could be hit with tariffs on its goods of up to 60 per cent, which will damage its economy and indirectly Australia’s too.

China should practise what it preaches on free trade

The best way Beijing can persuade the US it is playing fair is to open up its domestic market so America can share in its success.

  • The AFR View
Gordon Ng was first detained in 2021.

Wong blasts Beijing over Hong Kong protest sentences

Australian Gordon Ng was among 45 dissidents who Hong Kong’s High Court on Tuesday sentenced to jail terms of up to 10 years.

  • Updated
  • Andrew Tillett, James Pomfret and Jessie Pang
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Prime Minister Anthony Albanese meets Chinese President Xi Jinping in Rio de Janeiro ahead of the G20 summit.

Albanese lays out his red line after Xi demands more access for China

Xi Jinping has rekindled a key demand that Australia provide greater foreign investment access to Chinese interests in return for increased trade.

  • Updated
  • Phillip Coorey
Xi Jinping and Vladimir Putin will benefit from Donald Trump’s vengeful attack on America’s establishments.

Trump’s foreign enemies are about to get a significant boost

The president-elect is threatening to gut the institutions that make America great, which can only benefit Russia and China.

  • Gideon Rachman

This Month

Chinese ports are being flooded with iron ore from Australia’s leading terminal.

Goldman reveals the best commodities to buy for 2025

The broker is among a growing chorus of banks tipping iron ore to remain below $US100 a tonne next year. Meanwhile, copper and gold are poised to rally.

  • Updated
  • Alex Gluyas
Japanese car makers made an early bet on hybrid vehicles, such as Toyota’s RAV4 hybrid.

Why even Toyota is falling behind in the EV race

Japan’s automotive giants are racing to develop solid-state batteries and forge foreign alliances to regain the edge in global sales as electric vehicle leaders BYD and Tesla take over.

  • Jessica Sier
Eric Gao is in China signing off on investments in a big new VC fund targeting Aussie tech firms.

New $1b VC fund will back Aussie start-ups with Chinese money

A Melbourne-based fund manager for Chinese money is set to close the first part of a targeted $1 billion to back Australian start-ups that could expand into China.

  • Jessica Sier
Sacks of lithium carbonate at the Albemarle’s lithium processing facility in Antofagasta, Chile.

Albemarle says West cannot end reliance on China in critical minerals

CEO Kent Masters says “returns are not there” to pivot lithium supply, crucial for the EV industry, to the West because of low prices and high operating costs.

  • Amanda Chu
Joe Biden and Xi Jinping before their bilateral meeting in Lima.

Biden, Xi deliver messages seemingly intended for Trump

The US president seems to try to make the case for maintaining a relationship with Beijing, as Trump talks about imposing more punishing tariffs on China.

  • Zolan Kanno-Youngs
Xi Jinping and Dina Boluarte at a ceremony to virtually inaugurate the Chancay port.

China’s $2b Peru port faces obstacles from the Andes to the Amazon

While Chancay may rekindle an old dream of integrating South America’s Atlantic and Pacific coasts, there is no effective way to make it happen.

  • Dayanne Sousa and Rachel Gamarski

How Australia and Japan can keep global trade going

Middle powers can’t do much unilaterally but are large enough to mobilise coalitions for change to keep the world economy open and save the multilateral trading system.

  • Shiro Armstrong
Inflation-weary Americans aren’t going to give Donald Trump a long leash to wage a forever trade war under current circumstances.

Why Trump could lose the looming trade war

With inflation-weary Americans desperately seeking some relief, the next White House might not have the leverage it expects in tariff negotiations.

  • Jonathan Levin
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Tony Ottaviano is under no illusions that the game has changed for lithium, and Liontown needs to adapt.

Liontown survived the lithium carnage, but can it handle Donald Trump?

After taking a wild ride in lithium over the past year, Liontown Resources thinks it can also adapt to whatever the Trump administration produces.

  • Jennifer Hewett
Cettire specialises in shipping luxury products from Europe at significantly reduced prices to those that can be found in the brands’ own stores.

Cettire suffers from soft trade in luxury goods

CEO Dean Mintz says more of the online luxury platform’s margin has been passed on to consumers in hefty promotions.

  • Carrie LaFrenz
Lawyer and hospitality entrepreneur Faddy Zouky.

When things went wrong for the cafe baron and the Chinese shoe king

The Federal Court has ordered that Faddy Zouky’s assets be frozen until he pays back nearly $9.6 million after a business deal turned sour.

  • Updated
  • Max Mason
An alumni of the University of Queensland, Cheng Lei says her degree opened doors she didn’t know existed.

The uni degree that set this household name on her career path

Journalist Cheng Lei is among the University of Queensland’s notable alumni. A degree in commerce was not her first choice, but she has zero regrets.

  • Julie Hare
President Joe Biden shakes hands with Indonesia’s President Prabowo Subianto during a meeting in the Oval Office.

Prabowo pledges co-operation with Trump

Washington sees Indonesia, the most populous country in South-East Asia, as an important partner in a region where its rival Beijing has deep trade and investment ties.

  • Stanley Widianto and Jeff Mason

Original URL: https://www.afr.com/topic/china-89a