Asian markets surge after China unveils pro-growth measures

Chinese President Xi Jinping has unveiled the Chancay Port in Peru during a state visit, and pledged continued support(01:03). China's economy expanded steadily in October, with retail sales of consumer goods rising at the fastest pace in eight months(37:37). And Argentina has quit COP29 citing a decision from the foreign minister(16:29).

Chinese President Xi Jinping says in a signed article that China is ready to work with Peru to support multilateralism, as he highlights the Chancay Port’s role in bringing Asia and South America closer(01:03). U.S. President Joe Biden and President-elect Donald Trump have met at the White House and agreed on a smooth transition of power(12:31). And Turkish President Recep Tayyip Erdogan says Turkiye has severed ties with Israel and has no intention to take steps to improve relations(16:58).

Chinese President Xi Jinping has begun his visit to Peru ahead of the APEC leaders’ meeting, as the South American country hails China’s infrastructure investment(01:01). China is calling for more financial support for developing countries at the UN climate conference in Azerbaijan(11:45). And flying cars are stealing the spotlight at Airshow China as part of the display of civilian aviation technology(41:21).

China's much anticipated J-35A fighter jet is leading the headlines at Airshow China in the southern city of Zhuhai(21:12). APEC business insiders are discussing global challenges in equity, sustainability and trade before the leaders' summit in Lima(03:00). And China's special envoy for climate change is calling for multilateral cooperation at COP29, as the conference finds ways to secure one trillion US dollars in annual financing for developing countries(12:27).

Chinese President Xi Jinping is attending the APEC leaders' meeting in Lima as 2024 marks 10 years since he proposed the idea of building a community with a shared future with countries in Latin America and the Caribbean(01:01). Exhibitors and buyers have inked 80 billion U.S. dollars of tentative deals at the China International Import Expo in Shanghai(08:33). And Chinese consumers are exploring some new trends during the country's biggest online shopping festival thanks to government incentives(39:21).

Chinese President Xi Jinping is set to travel to Peru and Brazil to attend APEC and G20 meetings and pay state visits to the two countries (01:10). American companies at the China International Import Expo see trade as a stabilizing force and a connection between China and the United States (14:08). And visa-free entry into China takes effect for nine more countries (20:16).

Chinese President Xi Jinping has congratulated U.S. president-elect Donald Trump, expressing hope for good bilateral relations in the new era(01:01). Italian President Sergio Mattarella is paying a state visit to China as the two countries mark 20 years of their Comprehensive Strategic Partnership(08:29). And Germany's government coalition has collapsed after Chancellor Olaf Scholz fired the finance minister(17:46).

U.S. Republican presidential candidate and former president Donald Trump has declared victory, as his party is also projected to take control of the Senate (01:03). A guideline says China will expand its winter sports industry to 1.2 trillion yuan by 2027 with better infrastructure and services(31:49). This year's China International Import Expo in Shanghai has a New Materials Zone for the first time to focus on electronic, biological, and low-carbon materials (37:55).

Chinese Premier Li Qiang has pledged commitment to opening up in his address to the China International Import Expo, which is welcoming a record number of exhibitors this year(01:10). The private Caixin services PMI indicates that the expansion in China's services sector is accelerating(42:10). Continuous rain in Spain has hit Barcelona after causing historical flooding in the Valencia region(18:09).

China's Shenzhou-18 astronauts have returned from their six-month mission at the Tiangong Space Station and brought back samples from in-orbit scientific experiments including life sciences(01:06). The Kazakh prime minister is among the government officials arriving in Shanghai to attend this year's CIIE which has attracted a record number of exhibitors(11:01). And residents in Valencia vented their anger at the government's flood response during a visit by the Spanish King, as the region begins to clean up amid the ongoing search for survivors(19:06).