
China's Xi Jinping and Russia's Vladimir Putin hit back at US global economic dominance on Friday as they took the stage together at Russia's showcase business forum.

China's Huawei, considered a security threat in the United States, on Wednesday signed a deal with Russian telecoms company MTS to develop a 5G network in the country over the next year, The agreement was signed on the sidelines of a meeting between Chinese leader Xi Jinping and Russian President Vladimir Putin in Moscow.

China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.

Chinese President Xi Jinping has pledged that his country will be even more open to the world and debunked the notion of a clash of civilization , even as his country remains mired in a trade war with the United States.

United States President Donald Trump said on Monday that he would meet Chinese president Xi Jinping next month as the trade war between the world's two largest economies intensified, sending shivers through global markets.

US President Donald Trump said on Thursday that he had received a “beautiful letter” from Chinese President Xi Jinping, as negotiations on a trade deal between the two countries continue in Washington.

The US and China are due to begin a fresh round of talks in Beijing on Tuesday as they edge closer to resolving their damaging trade dispute. The discussions will be led by US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He.

President Xi Jinping hailed deals worth more than US$64 billion signed during China's Belt and Road Initiative (BRI) this week as he sought to reassure skeptics the project will deliver sustainable growth for all involved.

Chinese President Xi Jinping vowed Friday (Apr 26) to abolish subsidies to firms that impede fair competition - addressing a major bone of contention in US trade talks. Xi repeated past promises to lower tariffs, increase imports and open up more sectors of China's economy to foreign businesses.

Chinese President Xi Jinping sought on Friday to ease growing concerns about his ambitious Belt and Road Initiative, vowing to prevent debt risks and saying his global infrastructure project “is not an exclusive club”.