China, U.S. defense departments maintain coordination on dialogues at different levels: spokesman

The Chinese and U.S. defense departments are maintaining coordination on dialogues at different levels, a Chinese Defense Ministry spokesman said in Beijing on Friday.

Chen Xi, the ministry spokesman, responded to a media query regarding the latest updates on China-U.S. military-to-military engagement.

"The Chinese and U.S. militaries held the fourth Crisis Communication and Prevention Working Group meeting on November 2-3 in Washington, D.C. The two sides had an in-depth exchange of views on how to deliver on the consensus reached by the two heads of state, strengthen communication, and avoid misunderstanding and miscalculation," said Chen.

"Building a stable, sound and sustainable relationship between the Chinese and U.S. militaries serves the shared interests of both sides and is a common expectation of the international community. The Chinese side values strategic communication with the U.S. military, and the two defense establishments have maintained coordination on dialogues at different levels. We hope the U.S. side will work with us to follow through on the important consensus reached by the two heads of state, enhance communication, and properly manage differences, so as to add positive factors to building a constructive China-U.S. relationship of strategic stability," he said.

China, U.S. defense departments maintain coordination on dialogues at different levels: spokesman

Major tech shares in Tokyo offered a stark contrast to the rest of the region on Friday, with the Nikkei 225 gaining 0.5 percent and finishing the week up around 6.5 percent, making its strongest weekly performance in five months.

Timothy Pope, a market analyst at China Global Television Network (CGTN), recapped the market dynamics in Tokyo, noting it had performed far stronger than other regional benchmarks.

"The Nikkei 225 gained 0.5 percent today, and it's up around 6.5 percent for the week -- its strongest performance in five months. That wipes out all of last Friday's enormous losses. You might remember the index plunged almost 6 percent last Friday. What's interesting is that Japanese chip-related stocks have performed pretty well even today, despite Nvidia's sell-off on Wall Street overnight. Advantest gained 2 percent, and Tokyo Electron added 1.7 percent, both of those companies benefiting from investment in AI hardware, and also, both of them with business ties to Nvidia. SoftBank, though, was the big exception. It fell more than 5 percent," said the analyst.

Tokyo stocks posts strongest week in five months: analyst