President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Since the weekend Chinese media have been highly critical of the approach of Western nations such as the U.S., saying in editorials that these countries have been too quick to point fingers at Moscow-backed rebels and implicate Russia for escalating violence.
State news agency Xinhua has called U.S. and Australian officials "rash" to blame Russia before the conclusion of a thorough investigation of the downing of MH17. It said the top priority is for countries to cooperate to "find out the real culprits, if any". The Communist Party-backed newspaper, The Global Times, said Monday, "The premature trial by Western media is not based on known facts and logic."
The comments are a signal that, despite historical differences and mistrust between China and Russia, the two powers are increasingly finding common ground. Both are currently going through strained relations with the West and are accused of engaging in aggressive foreign policy that could destabilize their regions—Russia in Ukraine and China in the East and South China Seas. Yet both are in need of diplomatic and economic support—a key reason for Russian President Vladimir Putin's pivot East. Even if the two may not see eye to eye on the price of gas, neither will criticize the other on political affairs.
In a weekend editorial, China's Global Times sided with Russia's perspective on the Ukraine conflict. "The real culprit to blame, in fact, is the chaotic situation in Ukraine following the Crimea crisis," it reads. "The Western countries have been active in advocating and supporting the 'democratic revolution' in Ukraine, so as to lure the country to become the frontier outpost of the West's geopolitical expansion. Ukraine has paid a huge price."
In China's eyes, the West bears responsibility for troubles in Ukraine—a view that shows Russia is not alone even as it becomes increasingly isolated.
—By CNBC's Eunice Yoon