FT News Briefing China’s growing muscle at the UN
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Jul 28, 2025 The recent U.S.-EU trade deal aims to limit tariffs while public companies are diving into cryptocurrencies to boost their market profiles. In a surprising twist, the share of goods in UK exports has hit a record low. Amidst this, China is stepping up its game at the United Nations, taking advantage of a power vacuum left by the U.S. Their strategic moves and financial contributions are reshaping international alliances. Plus, the investigation into the Shaolin Temple's Abbot over financial misconduct adds an intriguing layer to China's evolving role on the global stage.
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US-EU Trade Deal Insights
- The US and EU reached a trade deal with 15% tariffs on most EU imports and increased EU purchases of US energy and weapons.
- This deal reflects a strategic win for the US after tough trade negotiations and tariff threats.
Companies Buy Crypto to Boost Value
- Many public companies raise funds through shares or bonds specifically to buy cryptocurrencies.
- This trend aims to boost stock prices by holding diverse crypto tokens as a form of differentiation.
China Fills US UN Void
- The US has reduced foreign aid and presence at the UN, creating a leadership void.
- China is aggressively expanding influence at the UN by engaging personnel, voting coalitions, and pushing its agenda.