‘No law of the jungle’ warns China’s premier Li in swipe at US
Li Qiang used a keynote address at the World Economic Forum to assure foreign leaders China’s economy remained a good long-term prospect, despite its bruising trade war with Washington.
Li Qiang used a keynote address at the World Economic Forum to assure foreign leaders China’s economy remained a good long-term prospect, despite its bruising trade war with Washington.
Factories in China are closing and exports to the country’s biggest export market have tanked – while Beijing insists it has Donald Trump on the back foot.
Xi and Trump have demonstrated they each have tools to hurt the other’s economy, but neither can do so without provoking a painful response. Right now, they both want to calm things.
A slowdown in Chinese economic growth, a flurry of regulatory changes in Beijing and a surge in geopolitical tension after Donald Trump’s return to the White House have added to challenges for Australian businesses operating in China.
US Republican Michael McCaul says Australia would send Xi Jinping and China a powerful message if it increased defence spending.
Beijing condemned Richard Marles for stoking anti-China sentiment while inviting Don Farrell to Shanghai, as the US pressures Australia to reduce economic ties with its largest trading partner.
China has denounced American-led ‘small circles’, including AUKUS and the Quad, as senior security analysts in Beijing warn Australia against ceding to pressure from the Trump administration to ramp up defence spending.
Beijing has approved a mega hydropower project in Tibet, which would generate 27 times more energy than Snowy Hydro 2.0. Unlike in Australia, industrial disputes are not expected to delay its construction schedule.
The warm comments underscore the notable improvement in the diplomatic relationship since 2022, but a heartfelt plea from the imprisoned Dr Yang Hengjun reveal ongoing troubles.
My reporting assignments across China since Trump’s ‘Liberation Day’ underscore the gulf between what Beijing says and what’s really going on. As CCP mouthpieces claimed they could do fine without the US, factory owners told me: ‘The sky is falling’.
Original URL: https://www.theaustralian.com.au/author/will-glasgow