European companies are facing increasing pressure due to China's alleged currency manipulation to keep its yuan weak, a study by the German Economic Institute showed, as EU leaders prepared for a summit in Beijing aimed at navigating trade disputes.

A global selloff in longer-dated bonds has finally spilled over into Chinese debt, as easing US trade tensions and Beijing’s efforts to tackle deflation damp demand for the notes.

President Donald Trump on Tuesday said a trip to China might be “not too distant,” raising prospects that the leaders of the world's two largest economies may meet soon to help reset relations after moving to climb down from a trade war.

Expectations are rock-bottom for an EU-China summit on Thursday that will test European resolve and unity as the bloc faces intense trade pressure from both Beijing and the United States, analysts say.

Analysts say China will be scrutinising the fine print of the bilateral pacts, wary of any provisions that could directly or indirectly undermine its economic interests.

BANGKOK — U.S. President Donald Trump has announced trade deals with Japan and a handful of other Asian countries that will relieve some pressure on companies and consumers from sharply higher tariffs on their exports to the United States.

China recently banned a foreign Wells Fargo executive and a United States government employee from leaving its territory, spotlighting its opaque judicial and security system and rekindling concerns over the risks facing foreign companies and nationals operating there.

US Treasury Secretary Scott Bessent said on Tuesday that he is set to meet his Chinese counterpart in Stockholm next week, with discussions expected to include the likely extension of an August 12 deadline for higher tariffs.