The Latest Breaking News on China's state media take a new tone toward the US ahead of meeting between their leaders

Shenzhen Component Index closed up 0.92%

Chinese President Xi Jinping said tough challenges remain in China’s fight against COVID-19 and acknowledged divisions in society that led to rare spontaneous protests, after weeks of silence on a virus policy pivot that’s infected hundreds of millions and delivered a severe blow to economic activity.

Russian President Vladimir Putin said on Friday he was expecting Chinese President Xi Jinping to make a state visit early next year in what would be a public show of solidarity from Beijing as Russia's invasion of Ukraine falters.

Russian President Vladimir Putin will speak with Chinese President Xi Jinping via video link on Friday to discuss a host of bilateral and regional issues.

Shenzhen Component Index closed down 0.13%

Both Washington and Beijing are trying to manage their superpower competition — and still come out on top.

China's relaxation of COVID-19 rules for international arrivals has raised hopes that its multi-billion dollar travel business will soon flourish again but countries longing for the return of Chinese tourists will likely face more of a wait.

Hong Kong is aiming to reopen its border with China by mid-January, city leader John Lee announced on Saturday after returning from meetings in Beijing.

U.S. Secretary of State Antony Blinken told his Chinese counterpart that it was important for Beijing to be transparent about a growing COVID-19 outbreak, as questions mount about whether Chinese officials are trying to downplay the number of deaths.