China's leadership signaled it would accept lower growth rates and more corporate defaults as the market gains more influence. Premier Li Keqiang wants to improve competitiveness in the private sector.
China's defense budget is once again thrust into the spotlight as delegates to its largely rubber-stamp parliament gather for their annual meeting. There are signs that Beijing’s military spending will continue to rise.
China's Xi Jinping has been unanimously reappointed president for a second term, with no limit on the number of terms he can serve. His close ally Wang Qishan has been appointed his deputy.
Chinese lawmakers have passed a landmark constitutional amendment that removes presidential term limits. The move paves the way for President Xi Jinping to become president for life.
The Trump administration is reportedly preparing to impose tariffs targeting Chinese tech and telecommunications imports. Should Washington follow through on the move, it could spark harsh retaliation from Beijing.
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