Secretary of State Mike Pompeo and Defence Secretary James Mattis will host China Politburo member Yang Jiechi and Defence Minister Wei Fenghe on Friday. Diplomatic and security focus, but trade war likely to feature too ahead of planned meeting of presidents Donald Trump and Xi Jinping at G20.
China’s service imports to exceed $2.5t in five years
In the next five years, China’s cumulative service imports are expected to exceed $2.5 trillion, which would contribute over 20 percent to the growth of global service imports, according to a report.
Xi unveils opening-up measures
President Xi Jinping announced a number of measures on Monday, including lowered tariffs and eased market access, intended to promote common growth and build an open global economy.