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AI Summary
- Xi Jinping tightens domestic control while Trump seeks potential trade deal with China, creating uncertainty about whether U.S.-China relations are moving toward truce or prolonged standoff
- China maintains paradoxical crypto policy by banning domestic trading while aggressively promoting Hong Kong's Web3 ecosystem and blockchain development
- Italy introduces new levies targeting Chinese fast-fashion retailers like Shein and Temu, raising questions about effectiveness without alienating domestic consumers