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.

The Chinese Ministry of Foreign Affairs has denied reports of a phone conversation between Xi Jinping and Donald Trump, as mentioned by the U.S. President. Main information The Chinese Ministry of Foreign Affairs denied any phone conversation between Xi Jinping and Donald Trump.

The Chinese foreign ministry on Monday, said President Xi Jinping had not spoken to Donald Trump recently, nor were their respective administrations trying to strike a tariff deal. This is in contradiction to the US president’s claim in an interview with Time magazine that he and the Chinese president had spoken.