US has ‘lost its way’, China’s record-smashing gold deposits: SCMP daily highlights
From an American economist lambasting the US to China’s major gold find, here’s a round-up from today’s China and economy coverage
1. 2,000 tonnes of gold: China says new technology helped find largest deposits
Scientists say they have discovered two potentially record-smashing 1,000-tonne gold deposits in central and northeastern China, and more discoveries could come with the use of advanced exploration technology.
2. As Trump’s policies create divisions, G7 plays the ‘China card’ for unity
Washington and Moscow differed on several key points about a call last month in which US President Donald Trump and his Russian counterpart, Vladimir Putin, agreed to a limited ceasefire in the war in Ukraine. But there was one thing their statements about the March 18 conversation had in common: there was no mention of Europe.
3. Stephen Roach says trade war puts US on course for ‘cultural revolution’
A prominent American economist has said the United States has “lost its way”, shifting from defending the “free world” to attacking its own foundations and international institutions.