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The Shanghai Composite rose 0.17% to close at 3,616 while the Shenzhen Component dropped 0.77% to 11,203 on Wednesday, with mainland stocks showing mixed performances as the US-China talks in Stockholm ended Tuesday without an extension of the current truce. US President Donald Trump must now approve the proposed plan, otherwise, tariffs will revert to April levels if no deal is reached by the August 12 deadline. Investors are also closely watching this week’s Politburo meeting for possible stimulus measures to support the slowing economy. In recent remarks, President Xi Jinping criticized local governments for over-investing in sectors like AI, computing power, and new energy vehicles, as Beijing intensifies efforts to address deflationary risks and curb industrial overcapacity. In corporate news, Contemporary Amperex fell 5.1% after Tesla signed a $4.3 billion battery deal with South Korea’s LG Energy Solution amid efforts to reduce reliance on China.