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TikTok talks, strong economic data, regional cooperation: Key China updates

The latest round of China-US talks this week put TikTok at the center of discussions, with both sides outlining a basic framework to resolve the issue through cooperation and reduced investment barriers. Domestically, official data released this week showed that the Chinese economy continued to expand in August despite external pressures. Industrial output in August grew 5.2 percent annually, driven by high-tech and equipment manufacturing. Retail sales rose 3.4 percent, underlining resilient domestic demand. To further unleash consumption potential, authorities also introduced a new package of measures aimed at boosting service spending. On the global stage, China's role in advanced manufacturing gained recognition as the World Economic Forum announced that 12 new industrial sites had joined its Global Lighthouse Network – six of them in China. Regionally, the 22nd China-ASEAN Expo opened this week in Nanning, highlighting deeper opportunities in emerging areas of cooperation.