HOT TOPICS
China reassures foreign enterprises on stability
Premier Li Qiang told the China Development Forum Sunday that the country is committed to acting as a “cornerstone of certainty” and a “haven of stability” for the world, pledging to fully implement national treatment for foreign enterprises.
He Lifeng meets foreign executives
Vice Premier He Lifeng met with representatives of the U.S.-China Business Council and executives from multinational corporations, including HSBC Holdings PLC, UBS Group AG, Louis Dreyfus Co. Ltd., Siemens Healthineers AG, Schneider Electric SE, Rio Tinto PLC, Prudential PLC, Investor AB, Standard Chartered PLC, Suzano SA and TCP Group. He expressed hope that U.S. companies would inject more stability into bilateral trade relations.
China pushes to boost inbound consumption
The Ministry of Commerce announced 16 policy measures to orderly expand the scope of unilateral visa-free entry and optimize transit visa-free policies. The guidelines emphasize improving the consumption environment for foreign visitors and enhancing cross-border travel convenience.
Strict rules for state-owned enterprise leaders
The General Offices of the Communist Party Central Committee and the State Council issued a regulation on the professional integrity of state-owned enterprise leaders, explicitly prohibiting 58 behaviors. The rules target hidden corruption such as holding shares through proxies, while forbidding reckless decision-making, like blind business expansion and taking on excessive debt.
China triggers pork reserves as prices plunge
The National Development and Reform Commission and the agriculture ministry deployed central and local frozen pork reserves after domestic pig prices fell into the tier-1 warning zone for excessive declines due to softening post-holiday consumption. The agencies also urged farming companies to adjust capacity to stabilize the market.
Trump’s ceasefire stance
U.S. media reported the conditions for a ceasefire with Iran proposed by Donald Trump’s administration, as Tehran responded with six firm counter-demands. However, Trump stated he is ‘not interested’ in a ceasefire and that the U.S. will no longer assume responsibility for escorting ships in the Strait of Hormuz. The U.S. instead approved the temporary delivery and sale of Iranian oil.
Escalating tensions in the Middle East
In the region, tensions escalated as an Islamic Revolutionary Guard Corps spokesman was killed in an attack, and Houthi militants threatened to blockade the Bab el-Mandeb Strait. Separately, an attack on QatarEnergy facilities slashed its liquefied natural gas exports by 17%, causing an estimated $20 billion loss in annual revenue.
Musk unveils Terafab AI computing project
SpaceX and Tesla Inc. launched the Terafab project, which aims to achieve an annual production capacity of 1 terawatt of artificial intelligence computing power, according to Elon Musk. About 80% of the AI chips produced will be used in space, with the remainder allocated for ground applications.
NEWS SUMMARY
Domestic
Commerce Minister Wang Wentao met with Apple Inc. Chief Executive Officer Tim Cook.
The National Development and Reform Commission summoned the chief executive officer of AP Moller-Maersk A/S for a meeting.
The National Immigration Administration plans to trial online registration for foreigners lodging outside of hotels.
The Ministry of Finance will ramp up inclusive policy support directly for consumers using a 250 billion yuan ($34.5 billion) fund for consumer goods trade-ins.
The State-owned Assets Supervision and Administration Commission is drafting the 15th Five-Year Plan for artificial intelligence industry development among central state-owned enterprises.
Companies
U.S. regulators upgraded their investigation into the pure vision system of Tesla’s Full Self-Driving technology.
XPeng Inc. recorded its first-ever quarterly profit, though it projected weak sales for the first quarter of 2026.
Onewo Inc. reported a near 40% decline in net profit for 2025 as the vacancy rate of newly delivered projects climbed.
China Tourism Group Duty Free Corp. Ltd. posted a net profit of 3.6 billion yuan for 2025, down 16% year-on-year.
International
The Chinese government’s special envoy on the Middle East, Zhai Jun, met with Iran’s ambassador to China to exchange views on the escalating situation.
The U.S. and Japan released a critical minerals action plan, with Japan stating it will cooperate to expand U.S.-produced energy.
Pakistan and Afghanistan maintained a stable situation on the first day of their Eid ceasefire, with China urging the two sides to quickly resume talks.
Israeli Prime Minister Benjamin Netanyahu denied dragging Trump into a quagmire, claiming the war would end much faster than people expect.
Ukraine said it discussed “key issues” for peace talks with the U.S.
