The record-breaking Chinese economy now faces slackening growth. Although still on the plus side, the 6.9 percent growth figure is the lowest since the global recession in early 2009.
Washington and Beijing have agreed on measures to "substantially" reduce the US trade deficit with China after two days of talks. The deal calls for China to start buying more US products.
Despite a tumultuous political relationship, China and Taiwan have always maintained a steady exchange of tourism. But a recent decline in Chinese tourists to Taiwan has highlighted just how vital this exchange is.
The US treasury secretary announced that a looming trade war has been put "on hold." But European officials are worried that a new trade deal between the US and China could come "at the expense of Europe."
In a bid to save the Iran nuclear accord, Germany, France, Britain, Russia and China will meet in Vienna this week. But one major player in the deal will not be attending.
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