China and S. Korea hold high-level talks
China and South Korea will hold talks today aimed at resolving their dispute over overlapping exclusive economic zones. South Korean Second Vice-Foreign Minister Cho Tae Yul and Chinese Vice-Foreign Minister Liu Zhenmin will meet in Seoul. South Korea wants the maritime border to be equidistant from the two countries' coastlines, while China claims that it should be proportionate to the length of their respective coastlines.
Iraqi PM in China to boost ties
Iraqi Prime Minister Haider al-Abadi begins his two-day visit to China today to improve bilateral cooperation in three fields - oil, infrastructure and military ties. Mr Abadi hopes that China would help his war-torn country to increase its oil production and exports, as well as invest in Iraq's infrastructure. He is also seeking more international assistance for Iraq against the Islamic State in Iraq and Syria militant group.
US property market and GDP data today
The United States government is expected to release today its final GDP figures for the third quarter of this year, along with data from the resale property market there. Initial estimates put gross domestic product growth to be about 1.5 per cent, lower than the expected 1.6 per cent. The resale market is also expected to show a slight uptick in the number of homes sold of about 0.5 per cent in November, compared to the same month last year.