Article in top political journal reiterates argument that China supports globalisation in age of heightened protectionism.

The prime minister of Australia, a longtime US security partner in Asia, sought to focus his trip to China this week on business and trade opportunities, dodging thornier issues around US-China competition such as Taiwan or Beijing’s military expansion.

China and Australia will keep open dialogue and look for areas of cooperation despite strategic competition in the Indo-Pacific region, Australia's Prime Minister Anthony Albanese said on Tuesday after meeting China's President Xi Jinping in Beijing.

Mark Rutte's comment came a day after Donald Trump threatened "biting" secondary tariffs of 100% on the buyers of Russian exports unless there is a peace deal in 50 days.

Since US President Donald Trump – just days into his second term – began imposing tariffs on China for its role in the flow of deadly opioids like fentanyl into the United States, Beijing’s message has been clear.

External demand continues to support Chinese economic growth, as the first-half trade surplus surged to a new high of $586bn.

By Kevin Yao and Ellen Zhang BEIJING (Reuters) -Chinese banks extended 2.24 trillion yuan ($312 billion) in new loans in June, more than triple May's total, and beating analysts' forecasts, helped by stimulus measures and a trade truce with the United States.

Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.