US Treasury Secretary Scott Bessent claimed on Wednesday that China is “very interested” in additional Boeing plane purchases, an issue the Trump administration plans to press when President Xi Jinping visits the United States in September. “They agreed to 200 aeroplanes during the visit. We will see if they commit to a larger number when Xi Jinping arrives in Washington,” Bessent said in his budget request testimony to the Senate Finance Committee. China’s commitment to buy 200 Boeing aircraft...
China will buy 'at least' $17bn worth of US agricultural goods annually, the White House says.
China has agreed to buy at least US$17 billion in US agricultural products annually through 2028, the White House said on Sunday. The commitment resulted from the summit between US President Donald Trump and Chinese President Xi Jinping last week and will be in addition to soybean purchase commitments that were made in October 2025, according to a fact sheet released by the White House. Trump concluded his highly-anticipated state visit to China on Friday, during which he discussed topics...
Shortly after US President Donald Trump departed Beijing, China’s ruling Communist Party has called for strengthening the real economy – particularly manufacturing – to gain a competitive edge in the global economy. An article in Qiushi, set to be published on Saturday, curated selections from past speeches by President Xi Jinping to reiterate “our economy was built on the real economy and it must continue to rely on it for the future,” state-run news agency Xinhua reported on Friday. “At...
“Large Boeing orders” appear to be coming, US Secretary of the Treasury Scott Bessent told CNBC on Thursday, adding that China and the US will discuss establishing a new joint board of trade to manage commercial ties. “I think we’re going to see the large Boeing orders,” Bessent said. The agreement, if material, would mark the first such order after a nearly decade-long drought fuelled by geopolitical and regulatory stand-offs, serving as a high-profile “deliverable” from US President Donald...
China’s trade with the United States has declined this year, official data shows, as US President Donald Trump heads to Beijing next week for a high-stakes visit that could determine the future of economic relations between the two superpowers. China’s merchandise exports to the US fell 10.2 per cent year on year to US$133.4 billion in the first four months of 2026, according to data released on Saturday by the General Administration of Customs. Imports from the US also declined 10.9 per cent to...