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China’s central bank published a position paper on the yuan exchange rate on Thursday, arguing that China has no need to gain a competitive edge through devaluing its currency and has never resorted to deliberate devaluation. The report was published on the same day that China and the European Union kicked off a fresh round of trade talks, with growing European calls for a stronger yuan to help address the bloc’s widening trade deficit with China. “Global economic imbalances are deeply...

China and other energy-importing countries are expanding clean energy capacity three times faster than energy-exporting nations, according to a recent report on the global energy transition. The shift reflects growing determination among governments to reduce reliance on imported oil and gas, a trend reinforced by disruption of shipping via critical chokepoint the Strait of Hormuz, according to risk-management firm DNV’s Energy Transition Outlook released on Wednesday. Over the last five years,...

China’s National Day holiday saw travel remain broadly stable as the break – an extended length of time compared with 2025 – supported longer-distance trips, though cinema cooled sharply, offering mixed signals on efforts to revive consumer spending. Over the seven-day break, which ended on Wednesday, China recorded 2.142 billion cross-regional passenger trips, averaging 306 million a day, up 0.7 per cent year on year, according to the Ministry of Transport, as reported by state broadcaster CCTV...