Access to rare earth minerals used to make electric cars and other green tech are likely to be high on the agenda in talks between Donald Trump and Xi Jinping.

China tightened its rare-earth export controls, expanding on the controls it announced in April. According to the Center for

China's booming car sector has upended the entire global carmaker industry over the past decade, especially its EV producers which have supplanted combustion engine cars in sales at home and have flooded global markets with record exports.

Shandong Heavy's revenue from exports climbed between 6 percent and 7 percent in the first nine months to CNY72.7 billion (USD10 billion), Deputy General Manager Zhang Gengsheng told Yicai. Full-year exports are on track to reach the target of CNY100 billion (USD13.8 billion).

President Trump has agreed to lower tariffs on all Chinese imports to 47%. While that may be good news for some Americans, it's still a relatively high levy for those who rely on manufacturing in China.

The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing's latest round of rare earth export restrictions.

Leaders of 21 Asia-Pacific Rim nations have vowed greater economic cooperation and integration to overcome shared challenges