President Donald Trump's return to the White House in 2025 kicked off a frenetic year for global trade, with waves of tariffs on U.S. trading partners that lifted import taxes to their highest since the Great Depression, roiled financial markets and sparked rounds of negotiations over trade and investment deals.
Investors are awaiting the results of a vote on property developer China Vanke's plan to delay repayment of a 2 billion yuan ($284 million) bond by a year and extend its grace period, as it seeks to avoid an immediate default.
China left benchmark lending rates unchanged for the seventh consecutive month in December on Monday, matching market expectations.