Financial Times writes: ...as the fastest-growing multi-trillion dollar investment market, it is on course to become the second-biggest within two years, behind only the US. The country's savings culture, which was fostered by the government and helped fuel the global economy in recent years, is evolving into one of personal investing, as hundreds of millions of Chinese look to retirement. Regulators are gradually opening markets to foreign companies, while MSCI's decision to add the country's A shares to its influential emerging markets index has helped legitimise its capital markets. In response, a handful of the best-known global asset managers have applied and won licences to sell funds to Chinese investors in recent weeks, and will launch products in the coming months. Casey Quirk, the consultancy, estimates that the Chinese market will grow from $2.8tn in 2016 to more than $17tn by 2030. Chinese savers will account for nearly half of new flows globally over the next three years, compared with 10 per cent from the US and just 1 per cent from the UK. Casey Quirk expects the asset management market to grow from 4 per cent of China's total wealth to 10 per cent by 2030, similar in proportion to the US in 1990.

PBS reported that the White House says President Donald Trump has received an "in-depth" briefing on trade with China and its economy. Trump met Saturday in Florida with U.S. Trade Representative Robert Lighthizer. Spokeswoman Lindsay Walters says also discussed ongoing talks with Canada and Mexico to renegotiate the North American Free Trade Agreement. The three countries are parties to the agreement. Trump says he wants better terms for the U.S. or he'll pull out of NAFTA. Trump is also seeking China's help pressuring North Korea to abandon its nuclear weapons program. The president has complained about longstanding trade deficits with the Asian economic powerhouse. Walters says he was also updated on pending enforcement actions against China.