Bloomberg Business reports, "Chinese stocks rose in Hong Kong, capping the benchmark index's biggest weekly gain since April, after investors speculated the government will take more steps to boost the economy and Federal Reserve minutes indicated the central bank isn't in a hurry to raise interest rates. Hong Kong's Hang Seng China Enterprises Index climbed 1.2 percent to 10,406.79 at the close, extending this week's advance to 7.4 percent. Industrial & Commercial Bank of China Ltd. and PetroChina Co. surged at least 2.3 percent, posting gains of more than 9 percent this week. The Hang Seng Index rose 0.5 percent as trading volumes increased 24 percent above the 30-day average, while the Shanghai Composite Index added 1.3 percent to 3,183.15."
"U.S. officials could soon send a Navy ship steaming by a chain of man-made islands that China has built in the South China Sea, Pentagon officials said, potentially exacerbating tensions in an area in which Beijing is expanding its presence," The Washington Post states.
The Wall Street Journal writes, "On the surface, China appears a clear loser by its exclusion from the Trans-Pacific Partnership, which aims to deepen economic ties and lower or eliminate tariffs in the 12-member bloc led by the U.S. and Japan. But company executives and economists say that despite China's slowing growth, at least in the near term it is well armed against harm from TPP."