China, Netherlands talk over Nexperia; Chinese ‘cranked kite’ drone: SCMP daily highlights
From Beijing agreeing to rare earth crisis talks with EU to outlook for Trump-Xi Apec summit meet, here’s a round-up from today’s coverage
1. China eyes currency swap with Japan and South Korea amid trade tensions: source
China is in talks with Japan and South Korea – both US allies – about a possible trilateral currency swap to bolster the region’s financial safety net and deepen economic cooperation amid US President Donald Trump’s trade war, according to a source familiar with the issue.
2. Nexperia seizure: China urges Dutch to ‘properly’ resolve case as talks continue
China urged the Dutch government to uphold “the spirit of contracts” and safeguard the stability of global supply chains as both sides discussed how to resolve the Nexperia case in a phone call on Tuesday.
3. Can Donald Trump’s gut instinct win over Xi Jinping at Apec summit?
US President Donald Trump is expected to approach his coming summit with Xi Jinping by relying on personal chemistry and his “gut”, but his ability to charm the Chinese leader will be limited at best, analysts and former government officials in Washington said on Tuesday.