Event: China

China, the world’s second-largest equities market, has lost $3.5 trillion in value from a peak in May, compiled data shows. | REUTERS Pessimism has gripped Chinese stocks, with no end in sight for a deepening selloff as investors confront the realities of an economy that’s weak enough to erode corporate profits but not to trigger forceful new stimulus.The world’s second-largest equities market has lost $3.5 trillion in value from a peak in May, compiled data shows. The rout intensified last week, pushing the onshore benchmark CSI 300 Index into a bear market and a technology sector gauge in Hong Kong toward erasing all its gains since Beijing’s sweeping growth support package two years ago.At the heart of investor gloom is an unsettling realization that a protracted consumption slump and the race-to-the-bottom mentality among businesses is taking a heavier toll on earnings across industries from banks to electric car makers and AI model developers. Further darkening the outlook is the growing perception that Chinese leaders are in no rush to jump-start an economy that is slowing but at a tolerable speed. In a time of both misinformation and too much information, quality journalism is more crucial than ever.By subscribing, you can help us get the story right. SUBSCRIBE NOW

North Korean leader Kim Jong Un meets China's No. 4 official, Wang Huning, in Dandong, China, on Saturday. | KCNA / via REUTERS North Korean leader Kim Jong Un made an unannounced visit to the Chinese border city of Dandong over the weekend to mark a key anniversary between the allies as Beijing and Pyongyang ramp up economic ties.Kim was accompanied during his visit Saturday by Wang Huning, China’s No. 4 official, ‌who passed on greetings from leader Xi Jinping, China’s official Xinhua News Agency reported.The one-day visit came a day ahead of Sunday’s anniversary of Chinese troops’ entry into the 1950-1953 Korean War on the side of North Korea. In a time of both misinformation and too much information, quality journalism is more crucial than ever.By subscribing, you can help us get the story right. SUBSCRIBE NOW

Chinese President Xi Jinping gives a toast at the Great Hall of the People in Beijing on Sept. 30 | REUTERS Beijing – Chinese President Xi Jinping and other top members of China’s ruling Communist Party will meet in Beijing on Monday for a crucial gathering that could hint at the country’s next generation of leaders.The fifth plenary session of the party’s Central Committee precedes the five-yearly party congress next year, where Xi will likely secure a fourth term.Why is the meeting important? In a time of both misinformation and too much information, quality journalism is more crucial than ever.By subscribing, you can help us get the story right. SUBSCRIBE NOW