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1. Takeaways from Chinese Defence Minister Dong Jun’s speech at Xiangshan Forum
As China hosts its annual defence conference, the Beijing Xiangshan Forum, Defence Minister Dong Jun outlined the country’s priorities and aims.
2. US Fed cuts rates for first time in 2025 amid pressure from Trump, weaker job outlook
The US Federal Reserve has announced that it will cut interest rates by a quarter of 1 percentage point in a widely anticipated move. The US central bank also expects two more quarter-point cuts this year.
3. China’s job market woes deepen as youth unemployment hits record since 2023
China’s urban youth unemployment rate rose last month to the highest level since the data set was adjusted in 2023, as career prospects for young people have weakened amid an economic slowdown.