Bloomberg reports that President Donald Trump will likely temper his criticisms of China, including his campaign claim that the country manipulates its currency, one of his top economic advisers said. "I don't think that there's going to be issues regarding China as a currency manipulator and some of the other things," Steve Schwarzman, the chairman of Trump's strategic and policy forum, said Sunday on CNN. While Trump said on the campaign trail that he would label the U.S.'s biggest trading partner a currency cheater and seek to fix large trade imbalances, some administration officials and advisers are softening their rhetoric...President Xi Jinping and other Chinese officials have a calm outlook on their relationship with the U.S. under Trump, Schwarzman said Sunday. Discussions in China regarding Trump's foreign policy are "measured and not quite as hyperbolic" as in the U.S., he said. "They have a certain equanimity that these are early days and there's a learning curve" for Trump, said Schwarzman.

Fortune prints: The risk of a steep slide in China's economy has reduced, the head of a government research center said on Sunday, adding the country had moved through an "L-shaped" pattern of slowing to now "horizontal" growth. China's economy grew 6.7% last year, according to the government, the slowest pace in 26 years. The country met its growth target with support from record bank loans, a speculative housing boom and billions in government investment. But as Beijing moves to cool the housing market, slow new credit and tighten its purse strings, China will have to depend more on domestic consumption and private investment. The government last week trimmed its economic growth target to about 6.5% for this year. Li Wei, the director of the Development Research Center of the State Council, China's cabinet, said many positive economic signs were emerging domestically and internationally, and the risk of a large slide in economic growth had "clearly lowered."