Former US Treasury secretary Henry Paulson has urged Washington and Beijing to manage their escalating strategic competition to prevent it spiralling into broader conflict, warning that deepening distrust now poses a greater risk than trade imbalances. The US-China relationship was “the most consequential” in the world, requiring careful stewardship as rivalry sharpened across trade, technology and security, he said. “We have to be careful that the decoupling does not become...

Chinese President Xi Jinping’s visit to North Korea may have helped cement China’s “indispensable” role in ensuring regional stability and highlighted its importance to his host’s economy, analysts said. The Chinese president wrapped up his visit on Tuesday afternoon after reaching what he said was a “critical consensus” with North Korean leader Kim Jong-un. Xi told a lunch at the Kumsusan State Guest House that he was ready to work with Kim to to “jointly guide China-North Korea relations...

Chinese President Xi Jinping emphasised the shared sacrifices and deep historical ties between China and North Korea during a visit to a historic mountainside in Pyongyang on Tuesday. Xi and first lady Peng Liyuan paid tribute at the Sino-Korean Friendship Tower in Moran Hill, accompanied by North Korean leader Kim Jong-un and his wife Ri Sol-ju. Honour guards placed a floral basket at the monument with a ribbon inscribed with the words “The martyrs of the Chinese People’s Volunteer (CPV) Army...

Chinese President Xi Jinping has returned to Pyongyang’s Kumsusan State Guest House, the highly secluded counterpart to Beijing’s Diaoyutai State Guest House. Xi began a two-day state visit to North Korea on Monday. He was welcomed at the airport by North Korean leader Kim Jong-un, before attending a welcoming ceremony at Pyongyang’s Kim Il-sung Square and then heading on to the guest house. The guest house, completed in 2019, was first publicly used during Xi’s visit to North Korea that...