PRE-MARKET CHINESE STOCKS NEWS: US President Trump pauses some China tech bans ahead of the Trump-Xi meeting in April

BYD (1211 HK) - Co. and Geely (175 HK) are to buy the Nissan (7201 JT))-Mercedes (MBG GY) plant in Mexico. (Newswires)

China Medical System Holdings (867 HK) - Co. obtains exclusive distribution rights for Lidoderm in mainland China. (Newswires)

China Mobile (941 HK) - Co. CEO He Biao resigns from CEO and board position. (Newswires)

Metallurgical Corporation of China (1618 HK) - Co. January contracts signed CNY 73.7bln (prev. 87.8bln Y/Y). (Newswires)

DeepSeek - OpenAI accused DeepSeek of distilling US models for competitive advantage and said it has ongoing efforts to 'free ride' on US technology. (Newswires)

Other News

US President Trump reiterated he is going to China in April and that Chinese President Xi will visit the US later this year, while he added the relationship with China is very good right now. It was also reported that President Trump paused China tech bans ahead of the Xi summit. (Newswires)

US President Trump’s administration reportedly pauses key national security measures targeting China, according to sources, while measures are said to include a finalised ban on China Telecom’s (728 HK) US operations and restrictions on Chinese equipment sales to US data centres. (Neswires)

US Trade Adviser Navarro said the USMCA has significant flaws, while he added that Mexico and Canada are used as staging areas for China. (Newswires)

China's Commerce Minister said China and the US are to maintain close communication at all levels through trade and economic consultation mechanisms. (Newswires)

China's Commerce Ministry announced a tariff of up to 11.7% (prev. 42.7%) on EU dairy products, effective from February 13th, while it vowed to protect its legal interest against the EU's WTO complaint. (Newswires)

EU Commission said Chinese tariffs on EU dairy imports were considered unwarranted and unjustified, while it added that investigations should not have been initiated and there was not sufficient evidence. Furthermore, it is to consider all appropriate next steps, including possible proceedings before the WTO. (Newswires)

Chinese buyers are reportedly buying around 1mln tonnes per month of Australian barley due to a local feed supply shortage, while Chinese buyers have reportedly booked nearly 2.5mln tonnes of US sorghum over the past three months to replenish domestic feed grain shortfall. (Newswires)

China's Commerce Ministry said regarding Canada canola anti-dumping tariffs, that it is in the investigation period. (Newswires)

China is to study a long-term mechanism to manage government debts. (Newswires)