Author: OMN AI

China’s industrial profit growth slowed sharply in August, marking its weakest performance of the year as manufacturers faced soft consumer demand, rising energy costs, and growing pressure across several traditional industries. Official data released on Monday showed that profits at major industrial companies increased 4.2 percent in August compared with the same month a year earlier. The figure represented the fourth consecutive month of slower growth and the weakest result since November 2025, when industrial profits recorded a double-digit decline. The latest data highlights the challenges facing the world’s second-largest economy despite strong performance in several technology-driven sectors. For the…

Comments by the United States ambassador to China have sparked discussion after he said President Donald Trump jokingly raised the possibility of selling weapons to China during a meeting with Chinese President Xi Jinping last week. The remarks were made by U.S. Ambassador David Perdue during a television interview on Sunday. Perdue said Trump noted that the United States sells military equipment to countries around the world and at one point asked Xi whether China would be interested in purchasing some as well. The comment quickly attracted attention because of longstanding restrictions on U.S. arms sales to China and ongoing…

China has sent two giant pandas to the United States, continuing a decades-long tradition known as panda diplomacy that has often served as a symbol of friendship between Beijing and Washington. The pandas, named Ping Ping and Fu Shuang, departed from Chengdu in southwestern China early Sunday and began a journey of approximately 15 hours to their new home at Zoo Atlanta. Their departure came just one day after Chinese President Xi Jinping concluded a high-profile state visit to Washington. The timing of the transfer has drawn attention because it follows discussions between Xi and U.S. President Donald Trump aimed…

China used its address at the 81st United Nations General Assembly to defend national sovereignty, call for an end to sanctions on Cuba and present itself as a supporter of multilateral cooperation, highlighting differences with recent United States foreign policy positions. Speaking at UN headquarters in New York on Saturday, Chinese Vice President Han Zheng urged countries to respect the sovereignty and security of nations in the Middle East and Gulf region. Although he did not directly name the United States, his remarks came amid continuing international debate over conflicts and security issues involving Iran and the wider region. Han…

Growing debate over China’s trade surplus and currency policy has revived comparisons with Japan’s experience before the 1985 Plaza Accord. Economists and policymakers in the United States and Europe have increasingly questioned whether China should allow its currency to strengthen as its trade surplus continues to expand. Chinese officials have strongly rejected comparisons between China today and Japan during the 1980s. They argue that China will not accept outside pressure to change its economic policies in a way that could weaken its growth model. The discussion has gained attention because many observers believe China’s economy now faces some of the…

The latest meeting between U.S. President Donald Trump and Chinese President Xi Jinping produced grand ceremonies and positive public remarks, but delivered few concrete outcomes on the major issues dividing the world’s two largest economies. The three-day state visit in Washington was filled with high-profile events, official receptions and symbolic displays of friendship. Trump welcomed Xi with special honors and hosted a series of activities designed to highlight the importance of the relationship between the United States and China. Despite the attention surrounding the summit, analysts noted that the gathering resulted in limited progress on some of the most difficult…

The United States and China have agreed to extend their trade truce until January 10, providing additional time for negotiations as Chinese President Xi Jinping begins a state visit to Washington. The announcement was made by U.S. Treasury Secretary Scott Bessent, who said the agreement would keep tariffs lower and maintain the flow of important exports between the two countries. The extension comes as leaders from the world’s two largest economies prepare for high-level talks on trade, artificial intelligence, security issues and broader economic cooperation. Xi arrived in Washington on Wednesday for a visit that will continue through Friday. His…

Chinese President Xi Jinping arrived in Washington, DC, on Wednesday for a three-day visit that is expected to shape relations between the world’s two largest economies. United States President Donald Trump personally welcomed Xi as both leaders prepared for talks on trade, artificial intelligence, Taiwan and other major international issues. Xi landed at Joint Base Andrews outside the US capital, where Trump greeted him in person. The move was seen as a significant diplomatic gesture and highlighted the importance both governments place on their relationship. The welcome ceremony included military honors, a band performance and formal greetings involving both leaders…

China has taken another step in advancing its space technology with the successful launch of its first commercial radio tracking satellite constellation designed for electronic intelligence missions. The launch took place on Sunday at the Jiuquan Satellite Launch Centre in northern China. A Lijian-1 Y18 rocket lifted off at noon carrying nine satellites into space. Among the payload were three Diting-01 satellites, which successfully entered their planned orbit after launch. The satellites are expected to play a key role in monitoring electronic signals and gathering information from a wide range of sources. The mission has attracted attention because of the…

Chinese President Xi Jinping is set to arrive in Maryland this week for a high-profile meeting with U.S. President Donald Trump, marking the second face-to-face summit between the leaders of the world’s two largest economies this year. The visit comes months after Trump and Xi met in Beijing, where both leaders spoke about building greater strategic stability between their countries. While that meeting helped improve communication, it produced few major agreements, leaving many of the biggest issues between Washington and Beijing unresolved. Trade disputes, export controls, technology competition, and geopolitical concerns continue to shape relations between the two nations. As…