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Chinese President Xi

China’s President Xi calls on army to be battle-ready

SHANGHAI: China’s armed forces must strengthen their sense of urgency and do everything they can to prepare for battle, President Xi Jinping told a meeting of top brass on Friday. China is keen to beef up its armed forces amid territorial disputes in the South China Sea and escalating tension with the United States over issues ranging from trade to the status of Taiwan. The official Xinhua news agency said Xi told a meeting of the top military authority that China faced increasing risks and challenges, and the armed…

Asian shares wobble before Trump-Xi meeting

SHANGHAI: Asian shares wavered on Friday as investors were on edge before a crucial weekend meeting between the Chinese and U.S. presidents that could determine the course of a heated trade war over the next year. MSCI’s broadest index of Asia-Pacific shares outside Japan wobbled between positive and negative territory in early trade, as more evidence of a slowdown in China dampened sentiment. It was last up less than 0.1 percent and has risen 2.7 percent for the week so far, largely reflecting a rebound from a recent…