Day: May 13, 2025

CNBC’s Eunice Yoon joins ‘The Exchange’ to discuss China shifting to invest in Latin America.

Hazel eyes are extremely rare in East Asian populations, including China, but their presence tells a fascinating story of genetic variation, ancient migration, and occasional mutation.

00:00 Introduction00:12 US-China Trade War: De-escalation (For Now)06:38 Chinese Economy: ‘Missing’ Wage Data

America’s medical industry is in a crisis, and Trump is trying to fix this with tariffs and executive orders. Is he saving American health or destroying it?

Taiwan’s military is testing dozens of newly purchased missiles as part of an annual exercise, including the Land Sword II surface-to-air missile.

Xi Jinping and Vladimir Putin met for the 45th time since Xi came to power, as the Chinese leader attended Moscow’s military parade marking the 80th anniversary of World War II victory. But this wasn’t the diplomatic triumph Beijing had hoped for. Xi arrived expecting unity, support, and perhaps even a joint front against the U.S. What he got instead? No alliance. No anti-U.S. pact. While headlines screamed “Friends of Steel,” the reality told a different story—one of diplomatic pageantry, unmet expectations, and a leader who left with less than he came for.

Recently, a steel trader in Tangshan city in China revealed that the average profit for Tangshan steel mills is only around 20 yuan per ton. According to him, this equates to earning just 2 cents per kilogram of steel. This slim profit is almost negligible and could easily lead to losses. In such a cost-profit inversion, the survival pressure on steel companies is immense. Every production decision feels like walking on thin ice, as even a small fluctuation in costs could be detrimental to the company.

A paper published last month in China’s top aviation journal, the peer-reviewed Acta Aeronautica et Astronautica Sinica, reveals that the J-36 design team is in the early stages of making a naval variant suitable for use with the PLA Navy’s growing fleet of aircraft carriers. And like with other features like EMALS, the Chinese are copying the American military’s best practices and developing them at a rate far faster than that of the Pentagon’s procurement system. In this case they’re working on a computer system that will help pilots safely land on a moving aircraft carrier, something like the U.S. Navy’s precision landing mode or PLM used by carrier air wing Super Hornet and F-35C pilots.

Markets soar as tariffs fall. President Donald Trump is claiming a big win. Is this the beginning of the end or just a pause in the U.S.–China trade war?Trump says China agreed to stop sending fentanyl to America. Despite that, the existing 20 percent tariff punishing Beijing for its role in the drug crisis remains in place.China isn’t giving ground on rare earth, at least for now. Beijing is keeping export controls in place for several rare earth minerals. We have details on Trump’s plan to counter this.The United States is relying more on China for pharmaceuticals, and experts are concerned this poses a national security threat. NTD’s data reporter Kevin Hogan breaks it down.A line of devices may look and act like video games, but they’re really vapes, and are more likely to get kids addicted to them. The FDA is now taking counter-measures against the Chinese-made devices.00:00 Intro01:26 Tariff Truce: US and China Hit Pause on Trade War03:57 Trump: China Agrees to Stop Sending Fentanyl to US06:13 China Has Yet to Drop Export Bars on Rare Earth08:44 What the Length of Talks Tells Us About the Deal?11:52 China’s Expanding Role in US Drug Supply Chains16:25 FDA to Confiscate Chinese-Made ‘Smart Vapes’17:17 China Set to Host Latin America Partners Amid Trade War20:09 Taiwan Test Fires First Rounds of US Rockets

President Xi Jinping vows deeper ties with the United States’ backyard at forum with Latin American leaders in Beijing. Also on East Asia Tonight: Washington cuts “de minimis” tariff for low-value Chinese imports; Beijing lifts Boeing ban; Trump arrives in Saudi Arabia on Middle East tour; and Japan’s salarymen double up as cheerleaders on the weekend.00:00 Headlines01:31 Xi announces US$9b Latin America credit in yuan07:49 US and China cut more tariffs26:09 Pepe Zhang on China-Latin America ties33:10 Trump in Riyadh47:23 Japan’s salaryman cheerleaders