Taiwan

Trump backs “one China” policy in call with Xi

Trump backs “one China” policy in call with Xi

Published 10/02/2017

FILE PHOTO - U.S. President-elect Donald Trump listens to questions from reporters while appearing with Alibaba Executive Chairman Jack Ma after their meeting at Trump Tower in New York, U.S., January 9, 2017. REUTERS/Mike Segar/File Photo

U.S. President Donald Trump changed tack and agreed to honor the "one China" policy during a phone call with China's leader, a major diplomatic boost for Beijing which brooks no criticism of its claim to neighboring Taiwan.

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Asian shares scale 1-1/2-year peak on China trade, Trump`s tax cut talk

Asian shares scale 1-1/2-year peak on China trade, Trump`s tax cut talk

Published 10/02/2017

Investors look at an electronic board showing stock information on the first trading day after the New Year holiday at a brokerage house in Shanghai, China, January 3, 2017. REUTERS/Aly Song

Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data and strong gains on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses.

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