China's factory activity shrank for a seventh month in October, an official survey showed on Friday, suggesting the need for more stimulus to boost domestic demand, with efforts to ship goods abroad merely exporting price wars.

President Trump and Chinese President Xi Jinping’s trade truce avoids an open rupture in US China trade relations but analysts say it’s more of a de-escalation than progress.

Scott Bessent said China agreed to buy 12 million metric tons of US soybeans this season and 25 million tons annually for each of the next three years.

After months of posturing, arguing and threatening, U.S. President Donald Trump and Chinese leader Xi Jinping have essentially turned back the clock.

U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. REUTERS/Evelyn Hockstein

Beijing fought back, and it’s hard to see what tariffs achieved for the U.S.

Today he’s resolved little more than a crisis of his own making. What might he trade away later for such negligible gains?

China first tightened controls on seven rare earth minerals in April after Trump imposed tariffs on Chinese imports of up to 145 percent. Following a round of mostly positive trade talks, Beijing agreed to partially relax those measures, though U.S. and other importers continued to report ongoing delays.

U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January, down from 22.5 million tons in the prior season after a months-long tariff battle halted all purchases of the current U.

When Mohammad Alhawi, undersecretary of the Ministry of Investment of the United Arab Emirates (UAE), talked of the "natural and indispensable" partnership with China in financial cooperation at a high-level forum held in Beijing, his remarks resonated ...