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Indonesia's President Prabowo Subianto has acknowledged China's claims in the South China Sea, facilitating a diplomatic win for Beijing. In a joint statement with Xi Jinping, both leaders agreed to collaborate on developing areas of overlapping claims, despite the invalidity of these claims under international law.
Donald Trump's election victory has prompted global leaders to brace for potential shifts in the economy. In China, factories are increasing shipments ahead of the holidays, anticipating heightened trade tensions. Meanwhile, emerging markets face challenges as the dollar and US yields rise, with economists warning that Trump's tariff proposals could lead to inflation and hinder growth in the US.

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