fandomfare world economic news in a flash
A U.S. trade team will travel to Beijing the week of Jan. 7 to hold talks with Chinese officials, according to Bloomberg. Since President Trump and Xi Jinping came to a temporary truce almost a month ago, China has slashed import tariffs and drafted a law to prevent forced technology transfers.
Trade tensions have weighed on the world’s second-largest economy, with the latest data showing industrial profits suffering their first drop in three years.
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