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Asia-Pacific markets traded higher after the White House said that U.S. President Donald Trump and China's President Xi Jinping are set to hold talks.
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Leavitt said Trump will meet with Chinese President Xi in Busan, South Korea.
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Countries worldwide are buying more than ever from China, but domestic consumption is lagging and government stimulus efforts aren't working.
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 India prepared to hold funerals on Thursday for some of the 20 soldiers killed in brutal hand-to-hand fighting with Chinese troops in a disputed mountainous border region, as the two governments sought to de-escalate tensions.
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