The Latest Breaking News from China

Energy and interest rate-sensitive shares have led Australian market gains following reports of US-China trade tensions easing and renewed hope on rates.

US treasury secretary anticipates tariff truce with China will be extended, and that China will revive substantial purchases of US soybeans

Beijing decided to implement tighter restrictions on rare earths exports that are needed for advanced technologies. In response, Trump threatened additional tariffs on Chinese imports.

Trump and his senior administration officials have said they will not negotiate with Democrats on policy issues until the government is reopened

In a major breakthrough, top economic officials from the U.S. and China have drafted a trade deal, which is expected to be finalized by President Donald Trump and Chinese President Xi Jinping.

Scott Bessent said plan was part of framework for trade deal but did not share details on transferring app’s ownership

“So I would expect that the threat of the 100% has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime.”

US and Chinese trade negotiators say they’ve reached a framework agreement that, if approved by both governments this week, would roll back proposed 100% tariffs on Chinese imports and pause Beijing’s escalating export restrictions on rare-earth materials.

ByteDance, the company behind TikTok, is reportedly creating its own Steam competitor targeted at global markets. Dubbed "GameTop," the new storefront is said to carry social features, AI-assisted creator tools, and the typical publishing/distribution that other stores like Epic Games also have. Recruitment has already begun in China.