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Jack Ma, China's richest businessman, is stepping down as chairman of Alibaba Group Holding next year, marking the end of an era for the over 0 billion e-commerce juggernaut.

Japan also wants to start talks on a VFA with Britain by the end of this year, eyeing deepening international security cooperation through multiple avenues by strengthening coordination with "quasi-allies".

Jan Hatzius, an analyst at Goldman Sachs, said he doesn't expect a trade deal to be reached until after the November 2020 election.

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Jeffrey Reeves, vice-president of Research at the Asia Pacific Foundation of Canada, said that the way that China will affect the international order is a bit of "red herring".

Japan, the second largest holder of US treasuries, cut its holdings by .1 billion to .0939 trillion in October.

Jefferies' statistics show that in the first half of the year SUVs accounted for 40.2 percent of passenger car sales in China, while in the US they (including pick-ups) constituted 61.9 percent of the total.

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Ji Tao (right), president and editor-in-chief of China Daily USA, moderates a panel discussion on Chinese investment in the United States at a Vision China event at Asia Society in New York on Tuesday. The panelists (from left) are Xiao Yuqiang, vice-chairman of China General Chamber of Commerce-USA; Vivek Sarin, interim secretary for the Kentucky Cabinet for Economic Development; and Jeff Liu, CEO of Fuyao Group North America. FENG YONGBIN / CHINA DAILY

Jiang Guohua (L), an NIES fellow, Shen Zhibin (M), vice-president of Wuxi Furen High School, and Li Kejia, founder and CEO of Fclassroom hold a panel discussion on the application of big data analysis into schools. [Photo provided to chinadaily.com.cn]

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Jack Ma, founder of Alibaba Group Holding Ltd, shares views on globalization and technology in Guangzhou, South China's Guangdong province, Dec 6, 2017. [Photo by Feng Yongbin/China Daily]

Jiang Xueqing and Chen Jia contributed to this story.