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How China and the US agree - or disagree - on handling North Korea will determine the scope of their future ties.
Earlier this year in Davos, Chinese President Xi Jinping warned other countries against blindly pursuing their national interests.
Oil experts say delays to make such a move, however, will likely bring oil prices further down.
China, Chile and Egypt - among others - partially lift Brazilian import ban.
Chinese Premier Li Keqiang is on a state visit to the Australian capital Canberra.
This will function as a centralized customs clearance, warehousing, and fulfillment facility for Malaysia and the region.
Russia was the second largest weapons exporter accounting for 23 per cent of all global arms sales in 2016.
Washington had earlier taken on a more aggressive stance following the rocket engine test.
Saudi Arabia is hoping to sign a free trade deal with China in the coming months.
An increase in US shale oil production has kept benchmark oil prices lower than expected.
