Beijing and Tokyo have made a "good start" to resetting their economic relationship with a string of high-level meetings in recent months, analysts said, as both sides seek to hedge against the turbulence being unleashed by US President Donald Trump.

From Beijing trying to reset relations with Tokyo to Hangzhou rivalling Shenzhen, here’s a round-up from today’s China and economy coverage.

New U.S. steel tariffs are set to disrupt a multi-billion dollar supply chain moving steel from China to the United States via third countries, ratcheting up competition in the global market and undercutting a vital source of sales for China's struggling steel sector.