CHINA FOREIGN MINISTRY, ON QUAD STATEMENT: COOPERATION SHOULD NOT HURT MUTUAL TRUST, COOPERATION AMONG REGIONAL COUNTRIES

Domestic News: 1. Xi Jinping meets with Pakistani Prime Minister Shahbaz. 2. Pan Gongsheng, Governor of the People's Bank of China, meets with Bank of France Governor De Gallo. 3. Wang Yi meets with Pakistan's Chief of Defence Forces and Army Chief of Staff Munir. 4. Huawei releases its Semiconductor Theory: It predicts that by 2031, the transistor density of high-end chips based on this theory will reach the same level as 1.4-nanometer processes. 5. China responds to the four-month ban on heavy rare earth exports to Japan: China prohibits the export of dual-use items to Japanese military users and for military purposes in accordance with laws and regulations, aiming to curb Japan's "remilitarization" and nuclear ambitions. 6. China responds to the possibility of a US-Iran agreement: The door to dialogue, once opened, should not be closed again. The momentum of easing tensions should be maintained, the general direction of a political solution should be adhered to, and a solution that takes into account the concerns of all parties should be reached through dialogue and consultation. 7. Unitree Robotics' IPO on the Science and Technology Innovation Board will be reviewed on June 1st. International News: 1. According to Yonhap News Agency: Samsung's non-chip division union has applied to halt the wage vote. 2. Energy and chip sectors led the gains, with the Italian stock market hitting its first new high in 26 years. 3. Guinea, the world's largest bauxite producer, will announce export control measures in June. 4. Russian Foreign Ministry: Russia has begun a series of strikes against Ukrainian defense industrial facilities in Kyiv and is urging foreign citizens to leave Kyiv. 5. Iran War— ① Iran —① Iranian Foreign Ministry: We will not impose passage fees on the Strait of Hormuz. Charging for services is normal, but it should not be considered a transit fee; we have reached a framework, but no one can assert that the US and Iran will reach an agreement soon. The potential memorandum of understanding does not contain specific details regarding the management of the Strait of Hormuz. There are currently no plans to send a delegation to Pakistan. ② Iranian media: Neither Iran nor the US made any commitments regarding the nuclear issue in the draft agreement. ③ The Iranian delegation concluded its talks in Qatar and will return to Tehran. ④ Ghalibaf was re-elected Speaker of the Iranian Islamic Parliament. ②United States —①Trump: Negotiations with Iran are progressing well; calls on several Middle Eastern countries to join the Abraham Accords. Enriched uranium must either be transferred to the US or destroyed. ②US Secretary of State: The US and Iran have a "credible solution" to opening the Strait of Hormuz and the Iranian nuclear issue. ③US Official: The US and Iran are working to resolve differences in wording regarding the nuclear issue and sanctions. ③Others —①Reports: It is understood that the US and Iran have reached an understanding on frozen Iranian assets; the agreement may be announced tomorrow. ②Reports: A draft agreement has been reached between the US and Iran, allowing the free opening of the Strait of Hormuz and the clearing of mines; navigation in the Strait of Hormuz must be restored within 30 days. ③Qatar Media: The Strait of Hormuz will be opened in phases. ④Netanyahu instructed the Israeli military to intensify its attacks on Hezbollah in Lebanon.

Ivory Coast Farmers Say Last Week Rainfall Below Avg But Intensified, Supports Mar-Aug Midcrop