Surging demand for raw materials lifted growth in China's imports to its fastest pace in 10 years in May, although export growth slowed more than expected as COVID-19 cases disrupted major ports.
China's overall trade surplus was $13.8 billion, the customs data showed, while its trade surplus with the United States was $21.4 billion, up about 40 percent on-year.
"This week does not necessarily mark the end of the rally. New fund flows from retail investors could continue for a while," said Thomas Gatley, China corporate analyst at Gavekal.
On the Kashmir issue, PM Khan said that the Kashmir issue could be resolved only through dialogue.
PM Khan urged the business community of Sri Lanka to participate in the China Pakistan Economic Corridor (CPEC) project, which is a part of China’s Belt and Road Initiative (BRI).
European companies may be forced to choose between either entirely separate operations in China and the rest of the world, or finding ways to use more "neutral" architecture, said the report.
Chinese leaders are hesitating to pull the trigger, with some arguing that a decision on the list should wait till after the U.S. election in November, the report said.
Half of the firms said they believe soured ties will last at least three years, up sharply from 30% in 2019, according to an annual business sentiment survey conducted by the American Chamber Commerce in Shanghai and consultancy PWC China.
The potential ban which could be announced as soon as Tuesday comes amid reports of use of forced labour on minority Muslims in Xinjiang, the report said.
Microsoft has said it is seeking to buy the assets of TikTok in North America, Australia and New Zealand. It has not disclosed how much it is willing to pay, though sources previously told Reuters that ByteDance executives value all of TikTok at more than $50 billion.
The meeting plans were first reported by the Wall Street Journal. The U.S. Trade Representative’s office and the U.S. Treasury did not respond to requests for comment.
The idea to develop Beidou, or the Big Dipper in Chinese, took shape in the 1990s as China’s military sought to reduce its reliance on GPS, which is run by the U.S. Air Force.
In a briefing, foreign ministry spokesman Geng Shuang also accused Washington of making hasty generalisations about China-based companies’ accounting practices.
Some investors said Trump’s move firmly brings back to the fore an issue that had receded earlier this year when Washington and Beijing struck a Phase 1 deal in their months-long battle over trade terms.