EDM 1 – Issue 525

As Trump leaves the White House, what’s his legacy for Sino-US relations?

Also: Li Ning on the takeover trail after commercial comeback; Pepsi and others battle it out for China’s diet-conscious ‘meal replacement’ market; why online fitness firms are being targeted by Chinese private equity giants

Plus: McDonald’s new ‘Chinese burger’ gets dismal reception from diners; two IPOs that suggest the ‘consumption upgrade’ trend is intact; and why an out-of-print book about the US by a Politburo boss is selling for record prices