China, Xi and Trump
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China, Bessent
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China's industrial profits soared 21.6% in September from a year ago. That sharp jump represented the biggest jump since November 2023. For the first nine months of the year, profits at major industrial firms grew 3.2%, the official data showed.
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".
China's state-owned defense giant Norinco in February unveiled a military vehicle capable of autonomously conducting combat-support operations at 50 kilometres per hour. It was powered by DeepSeek, the company whose artificial intelligence model is the pride of China's tech sector.
China's Quest to Engineer the Future," said intense competition has helped drive China's success in solar and EVs.
Treasury Secretary Scott Bessent offered rough outlines of an agreement that include China easing rare earth export restrictions and buying “significant” amounts of U.S. soybeans in exchange for President Donald Trump removing his threat of adding 100% tariffs on China.
Japanese animated feature “Colorful Stage! The Movie,” released by Shochiku, debuted in second place with $2.8 million. Based on the rhythm-game franchise “Project Sekai,” the film follows a group of virtual singers and their human collaborators as they navigate creativity, friendship and performance anxiety across multiple digital worlds.
China’s central bank appears to be taking a more assertive stance in its push to expand the yuan’s role in the global monetary system.