China is reportedly conducting a global diplomatic campaign to oppose President Donald Trump’s new trade deals with US allies. According to a Bloomberg report on Tuesday, Beijing is trying to reframe itself as a global rules-based order defender and make other countries see Washington as an unreliable trading partner.

SHANGHAI (Reuters) -Chinese President Xi Jinping will visit Shanghai this week, two sources said, showcasing his country's main international financial hub at a time when the trade war with the U.S. has raised the stakes for growth.

Standing outside his friend’s cupcake shop, he says Donald Trump’s levies are a sign that America feels threatened by China’s rise. America’s power is declining, he says. “What you feel in today’s world is that hegemony is very hard to achieve.