China

China called for more coordination in the fight against terrorism on Nov. 25 after Turkey shot down a Russian warplane near the Syrian border, one of the most serious clashes between a NATO member country and Russia for half a century.

The long-waited rate hike decision by the United States Federal Reserve (Fed) will most probably be made by the next month. The global markets have definitely prepared themselves adequately for the hike. They have prepared so much that many emerging currencies, including the Turkish Lira, has started to gain value against the U.S.

United States President Barack Obama and French President Francois Hollande opened talks on Tuesday on the international campaign against ISIS. The French president’s trip to Washington is an effort to get the United States and other nations more interested in bolstering efforts to destroy the militant group that has claimed responsibility for the multiple attacks on the French capitals.

United States and Chinese envoys have promised closer cooperation on protecting business secrets following two days of trade talks but gave no indication of progress toward a long-awaited investment treaty.

Chinese PM Li Keqiang says cooperation between China and Central and Eastern European countries "will bring in new light that has to be directed at the future."

Li was addressing the opening of the China-CEES (Central and Eastern European countries) summit in Suzhou on Tuesday when he noted there are a few priorities to be discussed at this year's gathering.

Bulgarian Economy Minister Bozhidar Lukarski presented the industrial zones around Sofia and Plovdiv to Chinese investors.

The construction of a high-speed rail line between Serbia and Hungary will begin this year, Chinese Prime Minister Li Keqiang said on Tuesday.

Bulgarian Prime Minister Boyko Borisov has said it would be "an honour" for his country to host a meeting of mayors from China and Central and Eastern European (CEE) states.

Borisov has extended the invitation during the Fourth China-CEE Summit currently taking place in the city of Suzhou, China.

Chinese entrepreneurs will build a large forage factory in northeastern Bulgaria.

The factory, which will be located in the breadbasket of Bulgaria - the region of Dobrudja, will process forage plants for export.

This was announced by Bulgarian Agriculture Minister Desislava Taneva after business meetings at the international economic forum in the Chinese city of Suzhou.

Prime Minister Aleksandar Vucic began a three-day visit to China on Tuesday by touring the industrial park in the city of Suzhou and bus maker Higer Bus.

The Suzhou Industrial Park was founded on February 26, 1994, when China and Singapore signed the agreement on the joint development of this administrative region.