AGP Executive Report
Last update: 5 hours agoDigital Yuan Expansion: The PBOC has signed direct participant agreements with 26 financial institutions to join CBETS, a 24/7 cross-border e-CNY payment network, with Standard Chartered among the first cohort. Global Governance Push: China released a white paper urging unity and “concrete action” to improve global governance, highlighting the Global Governance Initiative and its emphasis on consultation and shared benefits. AI and US-China Tensions: DeepSeek’s latest funding round reportedly valued the startup at $50B+ while the US reportedly held off blacklisting DeepSeek and more than 100 Chinese firms, a move framed as stabilizing ties. EU-China Trade Friction: As the EU weighs protective measures, a growing trade deficit with China is fueling fears of a trade war, with Beijing calling for dialogue and warning against protectionism. Critical Minerals Race: G7 leaders agreed to cut reliance on non-G7 suppliers like China for rare earths and permanent magnets to below 60% by 2030, aiming for 50% sooner, plus new coordination with the IEA. Finance Opening: The PBOC also unveiled a repo facility for foreign central banks and sovereign funds to boost yuan liquidity in China’s bond market. Local Watch: Guangdong evacuated nearly 40,000 residents amid heavy rain, while Shanghai’s theme parks saw a summer tourism surge ahead of Dragon Boat Festival.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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