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China’s auto funding blitz and a US rush for rare earths

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

Hello, this is Kenji in Tokyo, where US President Donald Trump just swept through this week as part of his tour of east Asia. The visit put quite a bit of stress on ordinary people as 18,000 police officers were mobilised and major highways closed off in the country’s capital during his three-day stay.

When this newsletter comes out, Trump will be on his way back to the US, having wrapped up his tour with one of the most anticipated events: a face-to-face meeting with Chinese President Xi Jinping in Seoul. The US president told reporters that the hour-and-40-minute talk had yielded agreements on fentanyl, soybeans and rare earths, which should help soothe investor nerves.

The US leader’s trip, which kicked off in Malaysia on Saturday, has produced a number of headlines, including the signing of a peace accord between Thailand and Cambodia. Several agreements on trade, tariffs and business were also made, and details of the $550bn investment deal between the US and Japan started to emerge, including the joint development of rare earth mines.

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