When China and the United States agreed in May to frame their relationship as a “constructive relationship of strategic stability”, the phrase left many observers trying to guess what it actually meant. Four months on, they have added an elaboration that offers further insight into the two sides’ respective priorities. After presidents Xi Jinping and Donald Trump met in Washington last month, the two sides pledged to build a “constructive relationship of strategic stability on the basis of...

The European Union and China have “reached an understanding” that will cut Chinese hybrid car shipments to the bloc by “more than a half”, in a temporary salve to trade tensions that have threatened to boil over into a full-blown trade war. Speaking after marathon trade talks in Beijing, EU trade chief Maros Sefcovic said the deal would see China slash its hybrid car exports “by several million cars” over a four-year period. “This is the first time that China has accepted to moderate its exports...