Recent trade negotiations between China and the US have produced significant agreements on tariffs, shipping fees, and fentanyl controls. This progress marks a crucial cooling of tensions ahead of the high-stakes Xi-Trump meeting.
Markets across the Asia-Pacific region are set to open higher following the announcement of a scheduled meeting between U.S. President Donald Trump and Chinese President Xi Jinping. The talks, slated for next Thursday, have fueled hopes of progress in ongoing trade negotiations.
Asia-Pacific markets were positioned for a positive opening on Friday, according to reports, after the White House confirmed that U.S. President Donald Trump and Chinese President Xi Jinping will hold discussions next week. Sources indicate that the planned meeting has alleviated some investor concerns regarding trade tensions between the two economic powerhouses.
China is drafting a new five-year plan that emphasizes technological self-reliance in key sectors like semiconductors and artificial intelligence. The strategy reportedly aims to shield the nation from international trade pressures and boost domestic consumption. This initiative comes as global economic tensions continue to influence China’s policy directions.
China’s forthcoming five-year plan, which outlines the policy direction for the next term of Chinese Communist Party leadership, is centered on achieving technological self-reliance and reducing vulnerability to foreign influence, according to reports from Bloomberg. Although the plan has not been officially adopted, sources indicate it is being unveiled ahead of a critical summit between President Xi Jinping and former U.S. President Donald Trump in South Korea, highlighting its geopolitical significance.
Unpacking the Unsustainable Tariff Strategy In a revealing Fox Business Network interview, President Donald Trump acknowledged what many economists had…
