On the sidelines of Shanghai’s CIIE trade fair, foreign companies brush away fears of a new US-China trade war after Trump’s victory.

As U.S. President-elect Donald Trump prepares for his second term in office, China is bracing for unpredictability in its ties with the United States

China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in bonds to swap for off-balance sheet or "hidden" debt over three years, as policymakers sought to spur the sluggish economy.

China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in the latest push to rev up growth in the world’s second largest economy