From GDP to trade, how well equipped is China’s economy for Trump 2.0? | Amy Hawkins

Beijing has prepared for increased tariffs but its actions will not be enough to offset falling demand from the US

When Donald Trump enters the White House for the second time on 20 January, the view from the Oval Office will look very different to the one he encountered in 2017. A pandemic, the war in Ukraine and a trade war with China have caused ripples through the global economy that are still being felt midway through the decade.

Beijing will be watching closely. Trump has promised to impose tariffs of up to 60% on Chinese imports, partly in retaliation for the flow of fentanyl from China to the US.

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TikTok goes dark in the US ahead of ban

App no longer available on US Apple and Google stores after supreme court upholds lawmakers’ ban

TikTok stopped working in the US late on Saturday, shortly before a federal ban on the Chinese-owned short-video app was due to take effect.

The app was no longer available on Apple’s iOS App Store or Google’s Play Store. The US Congress passed a law in April mandating that parent company ByteDance either sell TikTok to a non-Chinese owner or face a total shutdown. It chose the latter.

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Chinese rival app Xiaohongshu is overwhelmed by ‘TikTok refugees’ in US

Social media accounts blocked for breaking Beijing rules as millions of users join up before ban takes effect

Nine invaluable things I’ve learned from TikTok

When Angelica Oung received the notification that her Xiaohongshu account had been blocked for violating the social media app’s code of conduct, her mind started racing.

The only picture she had posted on her account, apart from her profile headshot, was of herself wearing an inflatable polar bear suit, holding a sign saying: “I love nuclear”. What could be the problem with that, wondered Oung, a clean energy activist in Taiwan.

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Uncharted territory for the WHO if Trump withdraws US membership

WHO is ‘critical in protecting US business interests’, says CEO of firm that may see lean years if Trump carries out vow

The World Health Organization (WHO) could see lean years ahead if the US withdraws membership under the new Trump administration. Such a withdrawal, promised on the first day of Donald Trump’s new administration, would in effect cut the multilateral agency’s funding by one-fifth.

The severe cut would be uncharted territory for the WHO, potentially curtailing public health works globally, pressuring the organization to attract private funding, and providing an opening for other countries to influence the organization. Other countries are not expected to make up the funding loss.

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Xi Jinping sends China vice-president to Donald Trump’s inauguration

Chinese president declines US president-elect’s unusual invitation but sends special representative Han Zheng

The Chinese president, Xi Jinping, will not attend Donald Trump’s inauguration, but he is sending his vice-president, Han Zheng, as his special representative.

The decision, announced on Friday in China by the foreign ministry, came more than a month after Trump extended the unusual invitation to Xi, a break from tradition since no heads of state have previously made an official visit to the US for the inauguration.

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China’s economy hits 5% growth target but rate among slowest in decades

Latter part of 2024 ‘recovered remarkably’ after stimulus measures, says National Bureau of Statistics

China’s economy grew by 5% in 2024, in line with government targets but at the slowest rate since 1990 outside the Covid pandemic, according to official data.

Growth accelerated through the year, with an expansion of 5.4% in the final quarter, up from 4.6% in the third quarter, according to Beijing’s National Bureau of Statistics.

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Mike Pence to Trump: cutting Taiwan support would ‘likely spark a new nuclear arms race’

Former vice-president makes surprise visit to Taipei and predicts that if China annexes its neighbour other Asia-Pacific countries will build nuclear arsenals

Mike Pence called on Donald Trump’s incoming administration to maintain support for Taiwan against the threat of Chinese annexation during a surprise visit to the capital, Taipei, on Friday.

On the eve of Trump’s inauguration for his second term as president, his estranged former vice-president said withdrawing or reducing support for Taiwan – as Trump has repeatedly indicated he is considering – would endanger global security and “likely spark a new nuclear arms race” in the Asia-Pacific region.

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Donald Trump reportedly weighing up TikTok ban delay

President-elect ‘has warm spot’ for platform and wants political solution to ‘preserve app but protect data’

Donald Trump is considering suspending a TikTok ban in the US with an executive order when he enters the White House on 20 January, according to a report.

The president-elect is exploring an executive order that would postpone enforcement of a sale-or-ban law due to come into force on 19 January, said the Washington Post. The report added, however, that Trump’s legal grounds for suspending a law passed by Congress are questionable.

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A Chinese app is rocketing up download charts – but in Australia, the sudden uptake is not just about TikTok

Experts say the flood of users to RedNote highlights flaws in the Albanese government’s social media ban

As the TikTok ban looms in the United States, users have flocked to RedNote, also known as Xiaohongshu, a China-based app that looks similar to Instagram.

But in Australia, where there is no imminent TikTok ban, the app is also rocketing up the app download charts. And it doesn’t just tell us about TikTok – it also exposes issues with Australia’s forthcoming social media age ban.

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More than half a million ‘TikTok refugees’ flock to China’s RedNote as ban looms

RedNote, also known as Xiaohongshu, rockets to top of US app stores, along with ByteDance’s Lemon8

New users have piled in to the Chinese social media app RedNote just days before a proposed US ban on the popular social media app TikTok, as the lesser-known company rushes to capitalize on the sudden influx while walking a delicate line of moderating English-language content.

In a live chat dubbed “TikTok Refugees” on RedNote on Monday, more than 50,000 US and Chinese users joined the room. Veteran Chinese users, with some sense of bewilderment, welcomed their American counterparts and swapped notes with them on topics such as food and youth unemployment. Occasionally, however, the Americans veered into riskier territory.

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Chinese officials reportedly discuss sale of TikTok in US to Elon Musk

Tech company rejects as ‘pure fiction’ a report that a deal could take place if it fails to avoid an impending ban

Chinese officials have reportedly held preliminary talks about a potential option to sell TikTok’s operations in the US to the billionaire Elon Musk, should the short-video app be unable to avoid an impending ban. Another option is that Musk acts as a broker in a deal to sell the app.

Beijing officials prefer that TikTok remains under the control of its Chinese parent, Bytedance, but have discussed other options including a sale to Musk, Bloomberg reported. The Financial Times reported on the same day that the officials had discussed the preliminary possibility of Musk functioning as a go-between for Bytedance and any potential buyer that would prevent the app from being shut down.

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Reeves’ drive for growth seeks China lifeline after UK market turmoil

Chancellor’s mission to Beijing weighted with greater expectations

Rachel Reeves hailed a new era of “respectful and consistent future relations with China” as pressure grew on the embattled ­chancellor to deliver on her government’s central promise to fire up UK economic growth.

After meeting China’s vice-­premier, He Lifeng, in Beijing, Reeves said Britain’s relationship with the world’s second largest economy would be “frank and open on areas where we disagree”, while stressing it would be pragmatic in ­“finding opportunities for safe trade and investment”.

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Rachel Reeves heads to China to build bridges, but a new golden era of relations is impossible

Seeking business partners post-Brexit is sound policy, but even in these darker geopolitical times the UK will ultimately side with the US

Rachel Reeves will fly with a delegation of City grandees to China this week as Labour seeks closer economic links with Beijing as part of its quest for growth.

With the outlook increasingly rocky at home after a run of soft economic data, the chancellor is sorely in need of a positive story to tell.

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Taiwan investigating Chinese vessel over damage to undersea cable

Shunxing 39 was briefly detained by coastguard on Friday on suspicion of dragging anchor over cable running to US

Taiwanese authorities are investigating a Chinese-owned vessel that is suspected of damaging an undersea internet cable, causing limited disruption.

The Cameroon-registered vessel Shunxing 39 was briefly detained by Taiwan’s coastguard on Friday on suspicion of dragging its anchor over an international subsea cable north-east of the island. The cable runs to the US and is co-owned by several international companies.

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China’s yuan hits 16-month low amid fears over Trump tariffs

CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September

China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to soothe investor worries about impending US tariffs under a Donald Trump presidency.

The tightly controlled yuan reached 7.3301 per US dollar, its weakest level since September 2023. It has routinely hit multi-month lows since Trump won the US election, promising massive tariffs on Chinese imports.

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Fire at food market in northern China kills eight people and injures 15

Cause of fire in city of Zhangjiakou in Hebei province is under investigation

At least eight people have died and 15 are injured after a fire broke out at a food market in northern China, according to state media.

The fire at the Liguang market in the city of Zhangjiakou broke out at midday on Saturday and had been mostly extinguished two hours later, the Xinhua news agency reported, citing a government official in Qiaoxi district where the market is located.

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Xi says China’s economy on course to expand by 5% despite Trump concerns

President seeks to allay fears that world’s second-largest economy will falter in 2025 because of high US tariffs

China’s economy is on course to expand by 5% in 2025, according to its president, Xi Jinping, meeting official growth targets and rebutting concerns that Donald Trump’s incoming US administration will harm Beijing’s prospects in the new year.

Using his annual address to the nation, Xi sought to allay fears that the world’s second-largest economy would falter over the next 12 months after the government battled to prevent a slide towards recession during 2024.

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Beijing denies involvement in US treasury cyber-attack

Claims a Chinese state-sponsored actor was behind breach this month are ‘groundless’, says foreign ministry

Beijing has hit back at accusations that a China state-sponsored actor was behind a cyber breach at the US treasury department, calling the claims “groundless”.

The breach was orchestrated via a third-party cybersecurity service provider. Hackers were able to gain access to a key used by the vendor to override certain parts of the system, according to a letter the treasury department sent to lawmakers on Monday.

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New Taiwanese boardgame offers chance to battle Chinese invasion

Mizo Games wants players to have a chance to ‘experience war on the tabletop before it reaches us’

As families in Taiwan prepare to gather for lunar new year celebrations in January, a game that will be released that month promises to offer some war-themed fun over the festive period.

The board game 2045, developed by the Taiwanese company Mizo Games, invites players to participate in an imaginary Chinese invasion 20 years in the future. Players are given roles that include Taiwanese army officers, Chinese sleeper agents and volunteer citizen fighters.

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Driver behind China car ramming attack that killed 35 is sentenced to death

Fan Weiqiu, angry at his divorce settlement, caused ‘great social harm’ when he drove into people as they exercised in the city of Zhuhai, court says

A court in China has sentenced a man to death for killing 35 people last month by driving into a crowd, in an attack that raised national concern about mass killings.

Fan Weiqiu was venting his anger because he was unhappy with his divorce settlement, the court in the southern city of Zhuhai said in handing down the sentence on Friday. The victims were exercising at a sports centre at the time of the attack. Fan pleaded guilty to endangering public safety by dangerous means, a court statement said.

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