U.N. cuts growth forecast
The United Nations lowered its 2026 global economic growth projection to 2.5% from 2.7%, citing Middle East conflicts that have slowed growth, fueled inflation and heightened global uncertainty. The report expects global inflation to reach 3.9% this year.
China, Russia issue joint statement
China and Russia agreed to extend the Treaty of Good-Neighborliness and Friendly Cooperation to deepen bilateral relations. Both sides reaffirmed their commitment to maintaining global strategic balance and stability.
Commerce ministry on U.S. trade talks
China’s Ministry of Commerce emphasized that the government lawfully implements export controls on critical minerals like rare earths and will review applications for compliant, civilian uses. Beijing expressed willingness to work with Washington to foster mutually beneficial corporate cooperation and secure global supply chains.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
