Asia-Pacific markets trade higher on Monday following a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the US President-elect’s inauguration. A surge on Wall Street Friday due to a jump in tech stocks also boosted sentiment.

In recent years, Chinese property developers have used unsold apartments to settle debts to construction companies and furniture suppliers. Now, Chinese local governments are following suit.

U.S. stock indexes are rallying toward the close of their best week in two months. The S&P 500 rose 1.1% Friday.

President-elect Trump is interested in heading back to China after he takes office again amid tensions with Beijing, according to a report.

An “elimination round” is likely to cull weaker players in a market dominated by EVs and plug-in hybrids. Among the early losers are foreign brands.

Chinese officials are looking into selling the U.S. operations of TikTok to Elon Musk if the social media firm ultimately gets banned here, according to reports.

The attacks by the Chinese threat group tracked as Salt Typhoon also impacted Charter Communications, Windstream and Consolidated Communications, in addition to previously reported breaches of major telecoms,

Donald Trump has told advisers he wants to travel to China after taking office, according to people familiar with the discussions, as he seeks to deepen a relationship with Xi Jinping strained by tariff threats.

WASHINGTON -- US President-elect Donald Trump has told advisers he wants to travel to China after he takes office, the Wall Street Journal reported on Saturday, citing people familiar with the related discussions.

Trump’s re-election has significantly impacted China’s currency. Trump’s threat of tariffs and China’s weak economy has led Wall Street to increase its bets against the renminbi. However, this is to be supported by China’s largest sale of offshore bills.

After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.