BEIJING (Reuters) -Chinese President Xi Jinping called on Wednesday for action to adjust to changes in the international environment as the country drafts economic plans for the next five years, state-run Xinhua reported.

A sharp pullback in China's export orders shows President Trump’s eye-watering tariffs are starting to squeeze the engine room of China’s economy, piling pressure on Beijing to boost its stimulus efforts.

President Donald Trump said China deserved the steep tariffs he imposed on their exports and predicted Beijing could find a way to reduce their impact on American consumers.

Chinese President Xi Jinping used a visit to Shanghai on Tuesday to push for breakthroughs in artificial intelligence and underscore China’s leading role in the "Global South".

Also in today’s newsletter, Canada’s Carney prepares to take on Trump, and China’s copper stockpiles set to run out

China’s foreign ministry on Tuesday released a video saying it won’t capitulate in a message as much to other trading partners as to the U.S.