The United States is set to cut the size of its diplomatic mission in China by up to 10%, the South China Morning Post (SCMP) reported on Wednesday, citing people familiar with the situation.

From Beijing eyeing more foreign investment to surviving a nuclear fallout, here’s a round-up from today’s China and economy coverage.

The United States on Wednesday said it is set to reduce the size of its diplomatic mission in China by up to 10 percent. American diplomats working in mainland China and Hong Kong, as well as local employees might be given notice as early as Friday in a round of downsizing that the media outlet described as unprecedented.