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China hosts leaders from BRICS nations for annual summit; China/US reacts to latest North Korean provocation

September 4, 2017

China will host 2017 BRICS Summit in Xiamen, where leaders of the world’s largest emerging market nations come together to discuss economic cooperation. Meanwhile, China/US showed an united front, condemning North Korea for its latest nuclear test; however, the cooperation is a bit more fragmented than it seems. Domestically, China banks post overall solid results while some high profile “red princelings” get snubbed ahead of the National Congress.

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