China just loaned two young pandas to the San Diego Z00. In the past, such Panda Diplomacy suggested that relations between the US and China might be improving. It's hard to come to that conclusion currently since both US presidential candidates seem to agree that the US needs to slap more tariffs on Chinese goods.
China remains very dependent on exports to boost its economy, especially since the country remains in a deep property market depression. The latest batch of Chinese economic indicators is weak, which suggests that commodity prices and global inflationary pressures should remain subdued:
