China is on a policy-fuelled push to turn the likes of drones and flying taxis into everyday business. Patchy progress and lagging rules risk grounding its sky-high ambitions.

China's ruling Communist Party says it will focus on speeding up self-reliance in science and technology in the coming five years.

China needs a bolder spending package to mend the finances of households and companies, according to a central bank adviser, as signs of resilience in the economy mask the damage wrought by the trade war with the US.

China is reducing subsidies for its electric vehicle industry. This move signals a shift towards market forces determining the sector's future. The government will now prioritize other technologies. Automakers must focus on innovation and quality to compete.

China's top leaders have pledged to boost the country's self-reliance in advanced technologies and spur stronger domestic demand over the next five years.

Earlier Tuesday, the Wall Street Journal reported that Trump and Xi are expected to strike a deal on the tariff. The U.S. could cut the 20 percent fentanyl-related tariff in half if Beijing cracks down on the export of chemicals that can be used to produce fentanyl, the WSJ reports, citing people familiar with the talks.

China confirmed that President Xi Jinping will meet U.S. President Donald Trump in South Korea on Thursday, setting up a widely anticipated encounter that traders and investors on both sides of the Pacific hope will ease months of trade tensions.

For years few issues drew more unanimity in the polarized United States than China -- it was the arch-adversary, which Washington was destined to confront.China has long opposed US arms sales to Taiwan and has sought for Trump to state explicitly that the United States opposes Taiwan independence,

China pledged to “significantly” boost the share of consumption in its economy over the next five years while keeping tech and manufacturing as the top priorities, in an effort to become less reliant on exports after a steep escalation of trade tensions in 2025.

As Chinese shoppers dip toes back in the luxury pool, brands are targeting economically resilient high-earners with distinctive, personalised experiences as their focus shifts more to market share than growth.