China pushes trilateral currency swap, new drone sighted: SCMP daily highlights

A video of a large stealth “cranked kite” drone, unofficially dubbed the GJ-X, has been circulating on social media since October 19. Photo: X/ RupprechtDeino

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider .

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 and Chinese President Xi Jinping last met during the G20 summit in Osaka, Japan, in 2019. Photo: Reuters
US President Donald Trump and Chinese President Xi Jinping last met during the G20 summit in Osaka, Japan, in 2019. Photo: Reuters

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.

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