The ASEAN bloc of Southeast Asian nations and China on Tuesday signed an upgrade to their free trade agreement, which includes sections on digital, the green economy and other new industries, Beijing's Commerce Ministry said.

The clips, aired by state media, show a delta-wing ASN-301 rocketing forth from a truck launcher and climbing sharply before diving into its target.

President Trump told reporters as he flew into Japan that he expects to have a trade agreement with China finalized by the end of his tour of Asia.

China is emerging as a fierce competitor to the US in the race to build small modular reactors and fusion that can help power data centers.

China's Sany Heavy Industry rose marginally on its Hong Kong trading debut Tuesday after raising HKD$12.36 billion ($1.59 billion) in one of the city's largest listings this year.

Their Iowa farm also grows corn and soybeans — crops that have been hit hard by the trade war with China — but cattle had been a bright spot so far in 2025. "This year, it is the one thing that is going to make any money for us,

Lieutenant General Sun Li-fang details Taiwan's defense plans against Chinese gray-zone operations and potential naval blockade threats from the PLA.

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.