The first China-US economic and trade consultation meeting will be held, while China’s Commerce Ministry reaffirmed stricter oversight of heavy rare earth exports. Meanwhile, China’s foreign exchange reserves continued growing as the central bank added gold for a seventh straight month, reflecting ongoing diversification efforts.
Major institutional shifts saw the CSRC approve Central Huijin’s control of 8 financial institutions, while the Shanghai Stock Exchange emphasized listed companies’ dividend policies. In the auto sector, Geely’s Li Shufu warned of severe overcapacity, announcing no new factories amid ongoing industry price wars.
International investment banks raised China’s 2025 growth forecasts, contrasting with the Fed’s reinforced “wait-and-see” stance after strong US jobs data. Separately, Trump declared his relationship with Musk over, as the State Department resumed processing visas for Harvard international students, signaling shifting geopolitical dynamics.
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