Xi warns US against trade war, says there are no winners

Chinese leader Xi Jinping has warned the United States against restarting a trade war, stating there would be "no winners." His comments came during a meeting with global financial leaders, following China's antitrust investigation into American chip maker Nvidia. Xi emphasized that trade and technology conflicts harm both sides. This statement follows recent U.S. export restrictions on semiconductor technology and a pledge from incoming President Trump to increase tariffs on Chinese goods. China's exports have weakened, growing only 6.7% in November, below expectations. The Chinese government plans to adopt a "moderately loose" monetary policy next year to address economic challenges and prepare for potential external shocks.