Global Business

• China sets proactive 2026 fiscal policy, outlines economic priorities

  --China outlines economic priorities, eyes proactive fiscal policy for 2026 --China's foreign trade grows 3.6% in first 11 months, tops 41.2 trillion yuan --Japan's economy contracts faster than estimated, Q3 GDP shrinks 2.3%

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• Xi and Macron pledge to deepen strategic partnership

  --A three day public hearing on U.S. trade with Mexico and Canada wraps up --Imported Italian pasta face tariffs up to 107% in the U.S.

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• China-France leaders hold talks and issued five joint statements

  --Chinese president holds informal meeting with French president in Chengdu --Disney's Zootopia becomes top-grossing imported animated film in China

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• Mixed job numbers for U.S. labor market as layoffs rise and unemployment falls

  --Chinese President Xi Jinping holds talks with French President Emmanuel Macron --AI-generated actress Tilly Norwood opens door to increased use of AI in film making --Mixed job numbers for U.S. labor market as layoffs rise and unemployment falls

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• China-France leaders hold talks to strengthen ties

  --China, France expand aviation, nuclear, and biopharma cooperation --Due to diplomatic tensions, Chinese tourists shift from Japan to alternative destinations --Winter sports growing increasingly popular in China

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