Anthony Kuhn

On Wednesday, Chinese President Xi Jinping visited Peking University, the nation's most prestigious institution of higher learning, just ahead of its 120th birthday.

He praised the school as the birthplace of the May Fourth Movement of 1919, a series of student-led protests calling for a modern and democratic China, which produced the future leaders of China's communist revolution.

In a day filled with compelling images and stirring rhetoric, Friday's political theater and media spectacle in South Korea had something for just about everyone. North Korean leader Kim Jong Un took historic strides across the border to meet South Korean President Moon Jae-in. Then, he invited Moon to step briefly into the North. Over the course of the day, the two leaders took part in a tree-planting ceremony and met one on one in the Demilitarized Zone; they smiled and embraced, and at the end of their historic summit, announced lofty goals.

After three rounds of tariffs and counter-tariffs, both actual and proposed, the U.S. and China appear deadlocked, with the possibility of a trade war still looming. China remains defiant in the face of U.S. threats, while the U.S. appears indifferent following China's pledges to open its markets.

"China will not enter into any negotiations while under threats from the U.S.," Chinese Commerce Ministry spokesman Gao Feng told journalists last Thursday. He added that the U.S. has not shown any sincerity about holding talks.

China, the world's second-largest economy, grew at 6.8 percent in the first three months of 2018, thanks to strong consumer demand, robust exports and investment in the country's real estate market.

It was the third-straight quarter for 6.8 percent growth year-on-year and fueled in part by a widening trade gap with the U.S.

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