Two sessions 2026: Chinas zero corruption, financial superpower push

China’s central bank has set the yuan’s daily reference rate at its strongest level in 15 months, as the currency strengthened in offshore trading and briefly broke through the closely watched seven-per-US-dollar threshold. The move followed a recent rally in the Chinese currency, with the offshore yuan briefly breaching the benchmark rate of seven against…

China will take “further measures” against Japan unless its prime minister retracts her controversial comments on Taiwan, the foreign ministry said as Beijing reportedly reimposed a ban on Japanese seafood imports. Chinese foreign ministry spokeswoman Mao Ning said on Wednesday that Takaichi’s remarks had undermined the political foundation of China-Japan relations and China “has every…

Private sector enterprises comprised 40 per cent of the top 100 listed Chinese companies by market value in the second half of last year, led by high-profile technology firms involved in China’s artificial intelligence (AI) boom, according to the Peterson Institute for International Economics. That represented an increase of 2.4 percentage points from the first…

The US Supreme Court said on Wednesday it will hear arguments in January over Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook, leaving her in the post for now and teeing up a major legal battle over the first-ever bid by a president to fire a Fed official as he challenges the central…

The international economic system is undergoing a structural transformation marked by intensifying US-China strategic and economic rivalry, supply chain fragmentation, technological bloc formation, demographic asymmetries, and the gradual reconfiguration of globalization. Within this evolving geopolitical and geo-economic environment, middle powers are being increasingly compelled to recalibrate their strategic alignments and economic partnerships in order to…

The United States accused China on Friday of failing to disclose a 2020 nuclear test, violating what a US official suggested was an understanding involving a 1996 nuclear test ban treaty that both countries signed but neither ratified. This came as Washington called this week for a broad new arms-control treaty to include China, Russia…