The Wall Street Journal writes, "China shares recovered to finish up for the third straight day Monday as the market continued to stabilize after its recent rout. The Shanghai Composite Index closed 0.9% higher at 3992.11, bringing its bounce from its July 8 low to nearly 14%. It remains down 23% from its peak in June. The smaller Shenzhen index ended up 1.8% at 2230.29, still down 29% from its peak. The Hang Seng Index finished flat, after gaining 2.1% last week, as trading volumes hit a four-month low. The Shanghai market had drifted lower in the morning after authorities moved over the weekend to tighten the use of informal lending channels by stock investors. But the index turned higher by the close, continuing a recent trend."

The Associated Press reports, "A top U.S. Navy admiral said he joined a routine surveillance flight over the disputed South China Sea on Saturday, drawing a stern rebuke from China which said such activities seriously damaged mutual trust between the two countries. Admiral Scott Swift, commander of the U.S. Pacific Fleet, confirmed at a press roundtable in Seoul on Monday that he had been aboard the seven-hour flight of a Boeing P-8 surveillance plane, but gave no specific details about the flight. In May, Beijing called a P-8 surveillance flight carrying a CNN team over the South China Sea "irresponsible and dangerous". Swift said his flight was routine, like the earlier CNN flight, and did not say if China responded to Saturday's patrol."