Lieutenant General Sun Li-fang details Taiwan's defense plans against Chinese gray-zone operations and potential naval blockade threats from the PLA.

The risks of state-directed policy are also becoming more apparent, however. Wasteful industrial policy is a prime suspect in China’s low productivity growth. The gush of capital into companies and clusters in favoured sectors has created overcapacity, and many businesses are struggling to survive.

U.S. stocks ended at record highs on Monday, after the U.S. and China on Sunday agreed to a "framework" of a trade deal, while investors await earnings from Big Tech companies and decisions from the Federal Reserve's policy meeting,

China pressed on Monday for open trade and stronger economic ties at a regional summit in Malaysia dominated by the shadow of steep U.S. tariffs, as Canada's premier expressed readiness to meet U.S. President Donald Trump to defuse trade tensions.

The Chinese state media report, which Taiwan denounced as a propaganda ploy, came days before President Donald Trump and Chinese President Xi Jinping are due to meet in South Korea.

President Trump met with the emir and prime minister of Qatar Saturday aboard Air Force One during a refueling stop.

Global stocks jumped on Monday to a fresh intraday record while the dollar eased on optimism a potential trade deal was on the horizon between China and the U.S., as investors awaited a slew of central bank policy meetings and earnings from several megacap companies.

Soybeans and other crops soared as progress in negotiations between the U.S. and China lifted hopes that the world’s two largest economies were edging toward a deal in their protracted trade