China can expand domestic demand through various policies including rebates for swapping old vehicles, appliances and factory equipment for new ones, Zhao said, forecasting that demand for equipment upgrades will exceed 5 trillion yuan ($34.8 billion) a year.

Donald Trump has repeatedly urged Xi Jinping to call him for discussions about a potential trade deal. But any off-ramp to the economic tensions will likely run through Vice Premier He Lifeng, who is Xi's Sino-American trade tsar.

U.S. Treasury Secretary Scott Bessent on Sunday did not back President Donald Trump's assertion that tariff talks with China were under way and said he did not know if the U.S. president had talked to Chinese President Xi Jinping.

President Donald Trump will sign two executive orders related to immigration, including one that direct sstate and federal officials to publish lists of “sanctuary city” jurisdictions.

As President Donald Trump’s trade war locks the world’s two largest economies on a collision course, nations are being forced to choose between China and the United States