Experts say relationship is cooling between presidents Donald Trump and Xi Jinping as US loses patience over North Korea and South China Sea

Relations between the world’s two largest economies look to be entering a new phase of turbulence after the US punctured Chinese celebrations of the anniversary of Hong Kong’s return by unveiling sanctions against a Chinese bank linked to North Korea and a major arms sale to Taiwan .

The US state department on Thursday gave the green light to a total of $1.4bn in arms sales to Taiwan, a self-governing island which China considers its own territory.

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