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The Latest Breaking News from Beijing

US Treasury Chief Accuses China Of Wanting To Hurt World Economy

US Treasury Secretary Scott Bessent slammed Beijing in an interview this week, accusing it of seeking to harm the global economy after China slapped sweeping new export controls in the strategic field of rare earths.

International Business Times

Global markets tumble as Beijing imposes new ban on U.S. shipping. Bessent vows China ‘will be hurt the most’ if it doesn’t surrender

China showed no signs of backing down from President Trump’s trade war.

Fortune

UK Govt Slams Claims It Sabotaged China Spy Case — Did It?

The UK government denies claims it sabotaged a high-profile China spy case after charges against two men were dropped. Critics allege political interference and a cover-up to protect ties with Beijing—fueling demands for transparency and urgent reform of Britain's espionage laws.

International Business Times UK

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National security considerations ‘paramount’ in Chinese embassy decision – Reed

A decision is expected on October 21, although that could be pushed back with Steve Reed indicating it would come ‘within weeks’.

Evening Standard

UK economy at risk of ‘bumpy landing’; JP Morgan’s Dimon warns of ‘more cockroaches’ after collapse of First Brands and Tricolor – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Wall Street Goes to War: JPMorgan's $10B Security Push as Beijing Vows Retaliation Over 100% Tariffs

JPMorgan Chase launches a $10 billion initiative to invest in U.S. industries critical to national security as tensions rise over Trump's 100% tariffs on China.

International Business Times UK

Tories seek to keep up pressure over collapse of Chinese spying case

The director of public prosecutions has been asked if the case could be resumed if the Government declares Beijing is a threat to national security.

Evening Standard

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‘Extremely hostile’: Trump lashes China over trade controls but there may be a silver lining

The trade dispute between the United States and China has resumed. US President Donald Trump lashed out at the weekend at Beijing’s planned tightening of restrictions over crucial rare-earth minerals.

The Conversation

'Scandalous’: top economist Jeremy Siegel warns U.S. sleepwalked into rare-earths crisis as China tightens its grip

The Wharton professor says Washington ignored the mineral threat for decades, leaving U.S. supply chains exposed and Beijing in control of 90% of global refining.

Fortune

'The West Is Scared' Of China—And It's Starting to Show

The fear is no longer whispered—it's policy. Western governments are scrambling to contain China's growing leverage, not because of what Beijing has threatened, but because of what it's quietly starting to do.

Benzinga

How the spy trial row has exposed Britain’s China problem

NEWS ANALYSIS: Political editor David Maddox explains why successive UK governments have dithered over deciding whether Beijing is a friend or foe

The Independent UK

Why has US-China trade war restarted and how have markets reacted?

Trump has threatened 100% tariffs after Beijing’s fresh curbs on rare earths, a month before deadline to agree a deal

The Guardian - UK

No 10 denies that fears Beijing could pull cash caused China spy case collapse

Downing Street said it is ‘entirely false’ to suggest such concerns influenced the collapse of the espionage case.

The Independent UK

China's Silence Is Scarier Than Tariffs—5 Ways It Could Hit Trump Hard

In the latest escalation of U.S.–China trade tensions, President Donald Trump has gone loud. A 100% additional tariff on all Chinese exports. New export controls targeting critical software. A flurry of posts on Truth Social promising strength and stability. But while Washington roars, Beijing whispers. And that whisper—China's strategic silence—is…

Benzinga

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Caixin Global

Business Brief (Oct. 13): Beijing Decries U.S. ‘Double Standards’ on Trade Controls

China to levy special port fees on U.S. ships, Dutch government orders asset freeze at Chinese-owned Nexperia

Fortune

Trump bet China would face ‘tremendous difficulties’ without U.S. consumers—Beijing just focused on the rest of the world instead

China’s trade diversification has been so successful that its export market is growing significantly despite the trade war.

Benzinga

Taiwan Semiconductor Stock Rebounds As AI Hype Overpowers China Tensions

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) shares rebounded in premarket trading Monday, recovering from Friday's losses as renewed investor enthusiasm for artificial intelligence outweighed mounting geopolitical concerns between Washington and Beijing.

Barchart

Stocks Set to Open Sharply Higher as Trump Tempers Tariff Threats, Powell’s Remarks and Big Bank Earnings Awaited

December S&P 500 E-Mini futures (ESZ25) are up +1.38%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +1.84% this morning, signaling a rebound from Friday’s sell-off on Wall Street as sentiment improved after U.S. President Donald Trump softened his stance on tariff threats against Beijing.

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Benzinga

JD Vance Says US Has 'Far More Cards' Than China In Trade War If They Respond Aggressively: 'We Have A Lot Of Leverage'

Vice President JD Vance asserted that the U.S. holds a stronger position than China in the ongoing trade tensions, expressing optimism that Beijing will opt for a “reasonable” approach.

Evening Standard

China poses threat to UK, minister says amid questions over spy case

Beijing’s threat to the UK includes in the arena of cybersecurity and its relationship with Russia, Hamish Falconer said.

Benzinga

Alibaba, Baidu, JD, Tencent And Other Chinese Stocks Tumble As Trump's Tariff Threats Renew US-China Trade Fears

Major Chinese technology and auto stocks tumbled on Monday as renewed trade hostilities between Washington and Beijing sent jitters across Asian markets. Hong Kong's Hang Seng index plunged 2.28%, and mainland China's CSI 300 saw a decline of 0.95%.

International Business Times

China Trade Beats Forecasts In September As Tariff Fears Rise

China's trade grew faster than expected last month, official data showed Monday, though fresh fears are rising of a major escalation in the tariff war between Beijing and Washington.

International Business Times

Asian Equity Markets Drop After Trump Reignites Tariff Row

Asian markets sank Monday after US President Donald Trump reignited his trade war with China by threatening last week to impose 100 percent tariffs on goods from the country.

Fortune

China’s rare earth controls can ‘forbid any country on Earth from participating in the modern economy,’ former White House advisor warns

“They can do this because they diligently built industrial capacity no one else had the fortitude to build.”

The Guardian - US

China warns US of retaliation over Trump’s 100% tariffs threat

Beijing says it will act if US president doesn’t stand down, while investors brace for trade war turmoil

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