Wall Street edged upward after President Donald Trump took a more conciliatory tone toward China. Both nations indicated communication lines remain open, providing a reprieve for investors following a steep selloff days earlier.

In a move long demanded by the United States, China announced it will no longer seek the special treatment granted to developing countries in World Trade Organization agreements. Observers note that this decision marks a significant shift in China’s approach to global trade.

A variety of companies and universities is helping China’s military modernize with cutting-edge technology, recently published data shows. These collaborations highlight the significant strides being made in the country’s AI research and development for defense.

Nvidia CEO Jensen Huang believes there is “a real possibility” of bringing the company’s next-generation Blackwell AI chip to China. He also predicts that the country’s AI market will experience a remarkable 50% growth next year, potentially shaping the future of global technology.

Boeing is reportedly in talks to secure a landmark sale of up to 500 planes to China, with some estimates placing the potential value at $37 billion. The move could mark a dramatic turnaround for the U.S. aircraft manufacturer, which has faced challenges in maintaining its foothold in the critical Chinese market.

NVIDIA is set to launch its new B30 AI GPU in China this Q4, offering a cost-effective option that’s slightly slower but significantly cheaper than the H20 model. The move follows an easing of US export restrictions, allowing advanced AI technology greater access to the Chinese market.

Nike’s shares soared after announcing a shift in production away from China, but the company faces a $1 billion cost due to tariffs imposed by the Trump administration.

New Zealand has halted millions of dollars in funding to the Cook Islands due to concerns over the “breadth and content” of agreements the Pacific nation has made with China, officials from the Foreign Minister’s office announced. The move reflects growing apprehension over China’s expanding influence in the region.

China has expressed strong opposition to the Philippines’ deployment of a US missile, signaling potential tensions in Southeast Asia. The move highlights the intricate military and diplomatic relationships in the region.