U.S. President Trump is scheduled to conduct bilateral talks with President Xi Jinping in April 2017. Chinese officials issued a warning to a U.S. military aircraft operating in the Chinese Air Defence Identification Zone. According to a U.S. think tank, the Asia Martime Transparency Initiative, China concluded the construction of three military bases on the Subi, Mischief and Fiery Cross Reef in the South China Sea. Amid these developments, it was announced that China and the Philippines will meet in May to discuss their conflicting claims in the South China Sea. Shandong Gold Group Co. announced that they discovered 382.58 tonnes of gold reserves in eastern China. Boeing and Ford are set to expand their market to China, as Boeing confirmed the construction of a new 737 completion plant and Ford established its desire to develop a new SUV for its Chinese market. China’s economy is predicted to grow by 6.8 per cent in the first quarter of 2017.