China is likely to view the latest US dealings with Russia as “transactional”, according to observers, who said Beijing was likely to wait and see what the longer-term impact would be given the possibility that Donald Trump might abruptly change course again. The US president announced that under a deal with Vladimir Putin, Russia would “immediately” supply more than 300,000 tonnes of diesel to the US and global markets. He wrote on social media that another 500,000 tonnes would follow in...

When China and the United States agreed in May to frame their relationship as a “constructive relationship of strategic stability”, the phrase left many observers trying to guess what it actually meant. Four months on, they have added an elaboration that offers further insight into the two sides’ respective priorities. After presidents Xi Jinping and Donald Trump met in Washington last month, the two sides pledged to build a “constructive relationship of strategic stability on the basis of...

The European Union and China have “reached an understanding” that will cut Chinese hybrid car shipments to the bloc by “more than a half”, in a temporary salve to trade tensions that have threatened to boil over into a full-blown trade war. Speaking after marathon trade talks in Beijing, EU trade chief Maros Sefcovic said the deal would see China slash its hybrid car exports “by several million cars” over a four-year period. “This is the first time that China has accepted to moderate its exports...