Chinese President Xi Jinping will visit Shanghai this week, two sources said, showcasing his country's main international financial hub at a time when the trade war with the U.S. has raised the stakes for growth.

The Chinese Ministry of Foreign Affairs has denied reports of a phone conversation between Xi Jinping and Donald Trump, as mentioned by the U.S. President. Main information The Chinese Ministry of Foreign Affairs denied any phone conversation between Xi Jinping and Donald Trump.

The Treasury secretary said that the President Trump and Xi Jinping of China have a good relationship but that he was not aware of a call, which Mr. Trump had alluded to last week.