Trump on U.S.-China trade talks
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China's economic growth slowed to the weakest pace in a year in the third quarter as fragile domestic demand left it heavily reliant on the humming of its exporting factories, stoking concerns about deepening structural imbalances.
China's ruling Communist Party says it will focus on speeding up self-reliance in science and technology in the coming five years.
China needs a bolder spending package to mend the finances of households and companies, according to a central bank adviser, as signs of resilience in the economy mask the damage wrought by the trade war with the US.
China is on a policy-fuelled push to turn the likes of drones and flying taxis into everyday business. Patchy progress and lagging rules risk grounding its sky-high ambitions.
The July-September data, the weakest pace of growth since the third quarter of 2024, compares with a 5.2% pace of growth in the previous quarter, officials said.
Mr. Trump is expected to address the summit Wednesday morning, local time, and meet with Xi a day later. He's also expected to meet at some point with Nvidia CEO Jensen Huang, as the microchip giant partners with the Department of Energy to build an artificial intelligence supercomputer and presses for more access to China's market.
The Communist Party made the pledge Tuesday in a detailed document that was discussed at its fourth plenum held last week in Beijing. China will “form an economic development model driven more by domestic demand and powered by consumption,
China's top leaders have pledged to boost the country's self-reliance in advanced technologies and spur stronger domestic demand over the next five years.
A further increase in China’s trade surplus failed to fully offset the effects of a worsening housing market, which has left consumers wary.
Rare Earth could be the Trump Card that ultimately ends the USA/China Trade War. Will progress be made? It finally seems possible!
Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.
SINGAPORE: Singapore and China on Saturday (Oct 25) signed and renewed agreements to drive cooperation across several areas, including green development, the digital economy and maritime connectivity. The memoranda of understanding were exchanged on the first day of Chinese Premier Li Qiang’s two-day visit to Singapore.