Nectar Gan

The US released details of a plan to slash tariffs on roughly $30 billion worth of imported goods on each side following a summit between leaders Donald Trump and Xi Jinping.

The two sides extended their trade truce until January as they pursue a broader agreement ahead of two more expected meetings between Trump and Xi.

(Bloomberg) -- The European Union is striking a more assertive approach to China as it heads into two days of negotiations in Beijing aimed at avoiding an economically damaging trade war.

China said a deal with the European Union on hybrid cars will ensure “export space and steady growth” for its companies, as the two sides seek to reduce the risk of trade war.

A social media account affiliated with China’s official broadcaster signaled Beijing is prepared to act if the European Union introduces new trade restrictions after reaching an agreement limiting imports of Chinese hybrid vehicles.

Beijing said it could seek WTO dispute settlement and trade compensation if the EU adds restrictions, after agreeing to an annual cap on Chinese hybrid vehicle imports from December.

APEC finance ministers’ meeting will be one of the most high-profile events in decades.

Hong Kong lost the chance to host a key gathering of global finance ministers 12 years ago as pro-democracy protests loomed. Now, Beijing is giving it another chance in a city where its tightening grip has made such dissent all but unthinkable.

China proposed adding advanced artificial intelligence technologies to its export-control list, potentially restricting overseas transfers of AI models and chips in an effort to keep closer control over homegrown advancements in a strategically important sector.

An independent committee investigating Hong Kong’s deadliest fire in decades will submit its final report to Chief Executive John Lee on Thursday, local media reported, setting up a test of his pledge to pursue accountability.