Chinese President Xi Jinping and U.S. President-elect Donald Trump held their first phone talks in four years Friday. According to Trump, he spoke with Xi about TikTok, just hours before the Supreme upheld a law set to ban the social media platform in the United States in less than 48 hours.

Trump has said he has a "warm spot" for the app, a distinct change of heart after his first administration first called for a ban on TikTok.

Correcting the major imbalances in the global economy will require collaborative international action. If he wants results, Trump will need to rein in his penchant to go it alone.

China's economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year.

China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.