US-China relations
Trump confirms delay of Beijing meeting with Xi amid Iran conflict
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US President Donald Trump has confirmed a delay to his planned trip to Beijing to meet Chinese President Xi Jinping, due to the escalating US-Israel war with Iran. The visit, originally scheduled for March 31 to April 2, has been postponed by five or six weeks. Trump stated that China is fine with the delay and relations remain strong.
A recent summit between US President Donald Trump and Chinese President Xi Jinping yielded modest results, leaving bilateral ties heavily reliant on personal rapport between the leaders.
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US Defence Secretary Pete Hegseth took a milder approach in his speech at the Shangri-La forum, avoiding direct references to China as a threat unlike his remarks last year.
Chinese contract drug makers including WuXi AppTec, WuXi Biologics and WuXi XDC face a less certain long-term revenue outlook as US pharmaceutical companies reshore production amid US-China tensions. Cui Cui, head of healthcare research for Asia at Jefferies, said earnings visibility for 2026 and 2027 remains strong due to order backlogs, but longer-term order growth lacks clarity.
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Reuters reported on Friday that a US$14 billion arms package to Taiwan, possibly the largest ever, is ready for US President Donald Trump's approval and could be announced after his visit to Beijing. Despite the delay in the Trump-Xi summit, Taiwan's Defence Minister Wellington Koo Li-hsiung reassured on Tuesday that Taipei had received no indication of any sales delay. Broader concerns loom as the US depletes ammunition stockpiles in the war on Iran.