China’s Xi urges Asian nations to keep supply chains stable, work together during ‘turbulent’ times

Chinese President Xi Jinping met with U.S. President Donald Trump on Oct. 30, 2025, in South Korea ahead of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting.

Andrew Harnik | Getty Images News | Getty Images

A day after securing a deal for rollback of U.S. tariffs, Chinese President Xi Jinping called on Asia-Pacific countries to support free trade, and maintain supply chain stability.

“The more turbulent the times, the more we must work together,” Xi said in a Chinese state media readout Friday, translated by CNBC. He was speaking at the first session of the Asia Pacific-Economic Cooperation (APEC) Economic Leaders’ meeting that runs through Saturday.

Xi arrived in South Korea Thursday and met with U.S. President Donald Trump for the first time since 2019.

China and U.S. agreed to grant 1-year concessions over tariffs, export controls, and other issues in a relative thawing of relations impacted by tit-for-tat trade measures. U.S. cut tariffs on Chinese goods by 10 percentage points, while Beijing agreed to allow exports of critically needed rare earths.

Trump returned to the U.S. Thursday, while Xi stayed on for the summit. In his speech, the Chinese leader reiterated his view that the world was undergoing changes not seen in a century, and emphasized how Beijing was offering global opportunities in the face of growing instability and uncertainties in the Asia-Pacific region.

Xi, who did not directly mention the U.S. or tariffs, shared five suggestions for cooperation at the APEC summit: safeguarding the multilateral trading system, creating an open economic environment, maintaining supply chain stability, promoting green and digital trade and fostering inclusive development.

He emphasized the need for the countries to join together and “extend” the supply chain, rather than disconnecting from each other.

That could run up against the U.S. emphasis on reshoring manufacturing, even as Xi highlighted in his meeting with Trump that “China’s development and revitalization goes hand in hand with President Trump’s vision to ‘Make America Great Again.'”

Over the last two decades, Chinese companies have doubled down on production and the country now accounts for about 27% of global manufacturing net output. As labor costs and tariffs have risen, the Chinese factories have spread to the Asia-Pacific region, while local demand has also grown.

Fmr. Amb. Nicholas Burns on Trump-Xi meeting: An 'uneasy truce' in a long, still-simmering trade war

Trump has sought to use tariffs and other policies to encourage companies to bring the factories back to the U.S. New U.S. tariffs announced this year have also sought to reduce transshipments — exports of Chinese goods made through other countries.

Since the first round of trade tensions with the U.S. about seven years ago, the Association of Southeast Asian Countries has become China’s largest trading partner, surpassing the European Union.

China will keep “opening up” its market to foreign business, and keep providing new opportunities for Asia Pacific and the world, Xi said Friday.

Asia was the top destination for Chinese outbound investment in the third quarter, followed by Africa and Europe, Rhodium Group said in a report Thursday. Chinese companies announced $15.4 billion in investments in Asia during that time, the most since the pandemic, with deals including data centers and battery materials.

Source link

Visited 2 times, 2 visit(s) today

Related Article

The return of the G-2 duopoly: US, China embrace leaves India out in the cold

The return of the G-2 duopoly: US, China embrace leaves India out in the cold

The TOI correspondent from Washington: In what appears to be a tectonic shift in American foreign policy and world order, US President Donald Trump has openly embraced China as a functional equal, heralding a new duopoly that jettisons Washington’s decade-plus view of Beijing as an existential threat, while leaving other powers like EU, Russia, India,

China is rolling back rare earth mineral restrictions, White House says

CHONGQING, CHINA – JULY 26: In this photo illustration, metal cubes representing rare earth elements including Scandium (Sc), Yttrium (Y), Neodymium (Nd), Lanthanum (La), and othersare stacked in a stepped formation in front of the national flag of China, with each cube marked with its chemical symbol, atomic number, and atomic weight, on July 26,

Maritime CEO Forum Monaco: Bulk leaders navigate China, tariffs and technology shifts

Maritime CEO Forum Monaco: Bulk leaders navigate China, tariffs and technology shifts

At the Maritime CEO Forum at the Yacht Club de Monaco, five of the dry bulk sector’s best-known names gathered to dissect a market that continues to defy easy prediction. Moderated by Tim Huxley, CEO of Mandarin Shipping, the discussion swung between bullish fundamentals and geopolitical headaches — with China’s opaque outlook, tariff turmoil and

Trump is confident that China will not take steps against Taiwan

Trump is confident that China will not take steps against Taiwan

Donald Trump Photo: Andrew Harnik/Getty Images US President Donald Trump said Beijing does not intend to take any action against Taiwan, as it understands that otherwise it will not leave it unanswered. The American leader said this in an interview with CBS News, News.Az reports. “They understand what will happen if they take any action.

US may impose complete ban on sale of TP-Link Wi-Fi routers for this ‘Big China Fear’

US may impose complete ban on sale of TP-Link Wi-Fi routers for this ‘Big China Fear’

AI generated image for representation More than half a dozen US federal departments and agencies have cited national security concerns to support a proposal to implement a complete ban on future sales of TP-Link networking equipment in the country, According to a report by The Washington Post, the inter-agency risk assessment concluded that TP-Link’s US-based

Support our team with a one-time or monthly donation

China Reportedly Sends Spy Ship to Shadow US–Australia Naval Drills Near Philippines — UNITED24 Media

A Chinese Type 815 Dongdiao-class intelligence vessel was observed trailing joint United States and Australian naval exercises within the Philippines’ exclusive economic zone, according to Defence Blog on November 2. Photos released by the US Navy show the Arleigh Burke-class destroyer USS Fitzgerald (DDG 62) operating alongside the Royal Australian Navy’s Anzac-class frigate HMAS Ballarat (FFH 155) during a Maritime Cooperative Activity (MCA)

Stake

US-China trade deal marks the biggest de-escalation yet for global markets

In a breakthrough for global markets, President Donald Trump has secured a far-reaching deal for US-China trade. The agreement with Chinese President Xi Jinping de-escalates tensions between the world’s two largest economies. According to the official White House fact sheet, the agreement includes China’s commitment to suspend new export controls on rare earths and critical