China's slowing economy tops the agenda at the G20 conference in Shanghai. Global financial leaders are urging China to carry out structural reforms instead of relying on further fiscal stimulus to boost growth.
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."
Wu Xiaohui, the former chairman of Anbang Insurance Group, was found guilty of illegal fundraising and defrauding the company. The Chinese government took over the firm in February.
Beijing is abolishing the joint-venture requirement for foreign carmakers. But the move comes too late for big German players, who are already too intertwined with their Chinese partners, says DW’s Frank Sieren.
The two-day gathering in Argentina comes at a tense moment, just a few days before the US will impose higher tariffs on steel and aluminum imports and new US trade measures reportedly targeted at China.
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