U.S. and China Reach 'Framework' of Trade Deal
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2 US Navy aircraft crash in South China Sea
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China, stocks and Trade Talks
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The European Union and China will hold talks this week to address trade disputes as Beijing’s restrictions on exports of key minerals and chips risk disrupting Europe’s auto industry.
The risks of state-directed policy are also becoming more apparent, however. Wasteful industrial policy is a prime suspect in China’s low productivity growth. The gush of capital into companies and clusters in favoured sectors has created overcapacity, and many businesses are struggling to survive.
Indian prime minister Narendra Modi visited China in August for the first time in seven years. That same month Chinese foreign minister Wang Yi visited India. The Indian government said the resumption of flights would "facilitate people-to-people contact" and help "the gradual normalisation of bilateral exchanges".
Australian Prime Minister Anthony Albanese says he has discussed Australia’s critical-minerals deal with the United States during a “positive” meeting with Chinese Premier Li Qiang.
7hon MSN
How President Trump's China tariffs are taxing the price of cherished Halloween pumpkin pastime
The price of a pumpkin carving kit shows how tariffs on China are causing steep price hikes even among relatively cheap holiday items.
All personnel involved were safe, and the causes of the two crashes were under investigation, the U.S. Navy's Pacific Fleet said.
A preliminary tariff deal with President Trump called for a large investment in the United States, while China has warned Seoul not to side with Washington.