Beijing and Tokyo have made a "good start" to resetting their economic relationship with a string of high-level meetings in recent months, analysts said, as both sides seek to hedge against the turbulence being unleashed by US President Donald Trump.

From Beijing trying to reset relations with Tokyo to Hangzhou rivalling Shenzhen, here’s a round-up from today’s China and economy coverage.

Donald Trump is working on tighter curbs on China’s chip industry and is pressing key US allies to escalate their restrictions. Japanese and Dutch officials are under pressure to restrict Tokyo Electron and ASML from maintaining semiconductor gear in China,

THE deflation-fuelled outperformance of Chinese bonds has lured in a Tokyo-based investor for the first time. Read more at The Business Times.

In Hong Kong, the Hang Seng gave up 0.6% to 23,196.33, while the Shanghai Composite index edged 0.1% lower, to 3,368.24. Starbucks rose 1.3% after saying it would cut 1,100 corporate jobs and leave several hundred more positions unfilled as new CEO Brian Niccol tries to make it a leaner operation.

Japan and the Philippines have agreed to further deepen their defense collaborations and start talks on an arrangement to protect shared military information in the face of mutual alarm over China’s i