China's deflation eased in September. Meanwhile, U.S.-China trade tensions have ramped up again over China's refusal to buy soybeans from the U.S.

Beijing

A market analyst has highlighted that trade tensions between China and the United States are longstanding and likely to persist. Both countries are preparing for ongoing uncertainty, with no clear resolution expected in the near future. The analyst described China's economic situation as mixed, noting resilience in some areas such as exports and investment, but also pointing to challenges like deflation and a softening property market. 

The Chinese government is expected to introduce further supportive measures to address domestic demand and economic stability. Looking ahead, attention is focused on how China will frame its technology and industrial policies in the upcoming five-year plan, with particular emphasis on addressing property sector and government debt issues, as well as strengthening its position amid ongoing trade tensions.

Zhou: China-U.S. trade tensions are old & long-lasting

You know, the Wall Street Journal just put out an article a half an hour ago saying China betting it can win a trade war is playing hardball with Trump. What is giving China the confidence to play hardball right now? Thank you for having me here. I think, you know, it's very clear that basically the market has no hope that, you know, China, U.S. will have a kind of solid deal anytime soon. I think, you know, as you mentioned, why China is so confident, I think the most important thing is that the trade tensions has been there for many, many years. And it looks like, you know, this will be a long lasting kind of a conflict between China and the U.S. in the future as well. So I think, you know, if you know that this is a long game, basically you have to prepare for any kind of things, you know, what might happen, you know, anytime on the table. So in this case, I think, you know, both sides just try to get more on the negotiation table in the future. It's not only that, you know, which side will be taking the decisive role at this moment. The most important thing is still that the both side has to prepare for uncertainties and prepare for kind of, you know, dynamics far from anytime. Yeah. Yeah. Is it fair to say that the Chinese economy has been remarkably resilient throughout the course of this year? I mean, you saw it in the export numbers, the trade figures earlier this week. You saw it in some of the investment figures, too, perhaps not so much in consumption, but the overall picture has been one of resilience to the Chinese economy. Well, I think I have to say that it's a mixed picture, you know, basically, if you look at today's inflation number, the deflation is still here in China. Maybe the core inflation has picked up somewhat. But overall speaking, I think, you know, demand on domestic demand is remaining a kind of a key theme or key issue for the Chinese government to take care in the future. In the meantime, we do see that overall kind of GDP numbers as well as the trade figures looks OK. But if you look internally, domestically, actually, the property market has already shown some kind of softening tones recently as well. So I think, you know, it's a mixed picture. But basically, we are still kind of wait for and expect some kind of more amazing measures from the Chinese authorities in the coming quarters and, you know, more and more kind of monetary easing and physical supportive measures can be expected from the government as well. So I think, you know, from all these kind of perspective, we have to say that, you know, the economy does not look as bad as many thought. But, you know, speaking, the Chinese government still need to need to support the economy via via different measures. OK, so we'll get to that. But let me just ask you about the deflation numbers that you referenced this morning. Are the anti-involution measures not working yet? Is it going to take some time for that to play out? I mean, how do you see the eventual impact on on on those measures with the latest figures that point to still a lot of deflation in the Chinese economy? Well, I think, you know, I have to say that, you know, basically, you know, the supply is still kind of relatively, you know, massive in China and a demand side. We have to still wait for kind of more kind of recovery as well. So I think in this case, overall speaking, you know, if you look at Chinese exports to the U.S., it's actually declined by more than 20 percent recently, despite overall kind of resilient trade numbers. So I think, you know, from this kind of perspective, we can all see that, you know, basically, the economy has shown sign of recovery or show sign of stability, but still some kind of missing part in the economy. In this case, you know, we still have to say that, you know, the price price will be still relatively soft over the kind of foreseeable future. And the demand is still need more measures to recover. Yeah. Let me just ask you a quick look ahead to next week. It could be quite a pivotal week in China because we're set to get perhaps a better idea of what the next five year plan is going to look like. What are your expectations there? Well, I think, you know, the most important thing the market is actually looking for is how China will frame its kind of technology sector and the industrial policies for the next five years. I think, you know, GDP numbers won't be the biggest kind of highlight for investors. The most important thing the investor is looking at is one is how China fix its property sector as well as government debt issues. In the meantime, I think, you know, the more important thing the market pays more attention is to how China will try to find a new way during the trade war, especially how the government will frame its technology and the industrial sector in the next five years to make sure that China can get a relatively better position in the China trade, in the China-U.S. tensions in the future.

President Trump confirmed that he has authorised the CIA to go into Venezuela and conduct covert operations.

Washington

Trump says he authorised covert CIA operations in Venezuela

Hamas is back on the streets of Gaza in an attempt, it says, to restore law and order -- and to send a message.

Tel Aviv-Yafo

Hamas executes Palestinians accused of collaborating with Israel

A federal judge in Oregon has extended temporary restraining orders that block the Trump administration from deploying National Guard troops to Portland. Meanwhile, federal agents in Chicago used tear gas to disperse a crowd after a car chase ended in a crash.

Chicago

Federal agents deploy tear gas in Chicago despite court order

A federal judge on Wednesday temporarily ordered the Trump administration to halt the firing of workers during the government shutdown.

Judge temporarily blocks Trump from firing workers during shutdown

Ukrainian President Volodymyr Zelenskyy is traveling to the U.S. to meet with President Trump. The two leaders are expected to discuss the possibility of the U.S. supplying Ukraine with long-range missiles.

Ukraine Invasion

Trump to meet with Zelenskyy about long-range missiles

The U.S. military struck a fifth apparent Venezuelan boat allegedly carrying drugs, U.S. President Donald Trump announced on social media Tuesday. CBS News' Natalie Brand has more details.

Caracas

Trump says U.S. struck another alleged Venezuelan boat

News organizations including The New York Times, The Associated Press and Newsmax as well as ABC, CBS, NBC, CNN and Fox News say they will not sign new press rules as laid out in a Defense Department document. This could mean the Trump administration will evict reporters from the Pentagon.

Major U.S. news media outlets refusing to sign new Pentagon rules

Madagascar’s president ousted in a military takeover — Youth-led protests and parliament’s impeachment vote spark political turmoil.

Antananarivo

Madagascar's military seizes power, president ousted

Thousands of messages shared in a group chat of Young Republicans are revealing some racist thoughts that even they worried about being leaked. The exchanges obtained by Politico are part of a Telegram chat among Young Republican leaders in New York, Kansas, Arizona and Vermont. Jason Beeferman, New York state politics reporter for Politico, joins with more.

Politico exposes racist messages sent by Young Republican leaders

The U.S. stock market rebounded on Monday (October 13) after President Trump appeared to walk back imposing new tariffs on Chinese goods.

Markets rebound after Trump softens tone on China tariffs

U.S. President Donald Trump is heading back to the U.S. after his whirlwind trip to the Middle East, where he celebrated the first phase of a peace plan between Israel and Hamas.

Sharm El-Sheikh

Middle East Conflict

Trump, world leaders sign Gaza peace plan and discuss next steps

The government shutdown entered its third week on Monday as the Senate is set to reconvene on Tuesday. CBS News' Nikole Killion has more from Capitol Hill.

Shutdown drags into third week as Senate set to reconvene

U.S. President Donald Trump was greeted in Tel Aviv with cheers and a military ceremony as he met families of hostages held in Gaza and addressed Israel's parliament. He now travels to Sharm El Sheikh, Egypt, to join world leaders in discussions on Gaza's future.

Trump meets with Israeli leaders and hostage families

Twenty living hostages were released by Hamas after more than two years in captivity as a ceasefire continues to hold. Families in Israel describe emotional reunions while others continue to await confirmation about missing relatives.

Families reunite as ceasefire brings hostages, prisoners home

Israeli officials have confirmed that all 20 living captives have been released in Gaza.

Israel confirms all 20 living captives in Gaza have been released

The carefully choreographed Israel-Hamas exchange is underway, with Israel set to release around 2,000 Palestinian prisoners following the release of remaining hostages held in Gaza. Noga Tarnopolsky reports from Tel Aviv’s Hostage Square.

Israel-Hamas swap begins as 2,000 Palestinian prisoners set for release

Following his visit to Israel, President Trump will stop in Egypt to co-host a major summit in Sharm el-Sheikh alongside Egyptian President Abdel-Fattah el-Sissi. The meeting will bring together leaders from more than 20 countries to discuss efforts toward peace in Gaza and the wider Middle East.

Donald Trump to co-host chair Gaza peace summit in Egypt

The French presidency announced Prime Minister Sebastien Lecornu's new cabinet line-up on Sunday (October 12), with most top jobs remaining unchanged at a time when opponents are demanding a political shift to win their support for urgent budget talks.

Paris

French presidency unveils new cabinet as budget pressure intensifies

Seven captives have been handed over to the Red Cross, who will facilitate their transfer to Israeli forces.

Israeli military says Red Cross has received 7 captives in Gaza

On his way to the Middle East, U.S. President Donald Trump told reporters he expects the ceasefire between Israel and Hamas to hold, despite concerns Hamas won’t abide by the deal.

Trump says the 'war is over', Gaza rebuild to start immediately

China on Sunday (October 12) called U.S. President Donald Trump's latest tariffs on Chinese goods hypocritical and defended its curbs on exports of rare earth elements and equipment, but stopped short of imposing new levies on U.S. products.

Global Tariffs

Beijing blames U.S. for trade tensions, defends rare earth curbs

Afghanistan and Pakistan said they killed dozens of each other's troops during a night of heavy border clashes between the two countries. Afghanistan's Taliban forces launched attacks on Pakistani troops along their shared border in what it called "retaliation for air strikes carried out by the Pakistani army on Kabul".

Chaman

Border clashes between Afghanistan and Pakistan leave dozens dead

A ceasefire between Israel and Hamas held in Gaza for a third day ahead of the expected release of Israeli hostages and Palestinian prisoners and an address by U.S. President Donald Trump to Israel's parliament.

Ceasefire holds in Gaza ahead of hostage release, Trump visit

Zelenskyy called Trump for a second consecutive day to discuss defence and Ukraine's energy sector. It comes as Russia further intensifies its attacks on Ukraine's critical infrastructure ahead of its harsh winter.

Kyiv

Zelenskyy has second call with Trump amid Russian strikes

On Sunday, the minister of armed forces in Madagascar acknowledged an officer selected by a military group supporting demonstrators calling for President Andry Rajoelina to resign as the country's new army chief.

Madagascar’s president says coup underway

With a trade war between the U.S. and China intensifying ahead of a Nov. 1 tariff deadline, there’s growing concern Beijing will use Taiwan as a bargaining chip.

Taipei City

Growing fear China will use Taiwan to bargain with U.S.

In a televised address ahead of the planned release of Israeli captives and Palestinian prisoners, Israeli Prime Minister Benjamin Netanyahu called for unity despite ongoing divisions.

Netanyahu urges Israel put aside ‘differences’ with Gaza

U.S. President Donald Trump blamed Democrats for his decision to lay off thousands of workers across the U.S. government as he followed through on his threat to cut the federal workforce during the government shutdown.

Trump lays off thousands of U.S. government workers amid shutdown

Thousands gathered in Tel Aviv as 48 of the last remaining hostages are expected home after two years of the Israel-Hamas war. The crowd cheered Donald Trump as the peace deal's broker but there were jeers for Israeli Prime Minister Benjamin Netanyahu.

Tel Aviv braces for hostage release planned for Monday

Diane Keaton, the Oscar-winning star of Annie Hall and The Godfather films, died Saturday at the age of 79, according to U.S. media reports. Entertainment journalist Johanna Schneller remembers Keaton as 'feisty and funny'.

Breakdown