President Donald Trump’s looming meeting with China's Xi Jinping will face new tensions after U.S.-Israeli strikes on Iran that killed its China-friendly supreme leader.

Speaking exclusively with Fortune, Wilbur Ross said the Iran war “is going at least as well as anyone could have hoped,” and that he is “intrigued” that China and Russia have not intervened.

HONG KONG/TAIPEI, March 5 (Reuters) - China will boost defence spending by 7% in 2026, ⁠it ⁠said on Thursday, the lowest rate in five years but still ⁠outpacing wider economic growth targets and the rest of Asia at a time of growing regional tension, including over Taiwan.

China announced a 7 percent increase in military spending and a five-year plan to try to reduce its military and industry’s reliance on Western technology.

By Colleen Howe BEIJING, March 5 (Reuters) - China on Thursday released a new economic decarbonisation plan that seeks to put its carbon intensity reduction programme back on track, mainly by relying on its booming renewable sector to limit coal consumption and rein in emissions.

BEIJING, March 5 (Reuters) - China said on Thursday it would build a "childbirth-friendly ⁠society" ⁠in the next five years, pledging to ⁠address concerns over employment, education, medical care, health and income, according to an official government ​report.

In quick succession, US President Donald Trump has taken out two of Beijing’s closest allies: Venezuelan President Nicolás Maduro and Iranian Supreme Leader Ali Khamenei.

BEIJING, March 5 (Reuters) - China's state-run iron ore buyer has widened restrictions on buying new seaborne iron ore cargoes from BHP as a months-long contract dispute drags on, people with knowledge of the matter told Reuters.