China welcomed a European Parliament delegation for its first visit in eight years, signaling efforts to stabilize ties after the lifting of mutual sanctions. Led by Anna Cavazzini, the nine-member group will visit Beijing and Shanghai and meet senior officials including Shen Chunyao. While Beijing aims to boost legislative cooperation, EU lawmakers will probe issues including non-compliant exports from Chinese platforms like Shein, Alibaba and Temu, amid broader tensions over trade imbalances a

China’s factory activity is unlikely to be significantly affected by the Middle East war, according to Capital Economics’ Zichun Huang. March PMI data suggest that the recovery in economic momentum since late last year has not yet been derailed by developments in the region. While the impact of the conflict is expected to build in coming months, China is seen as less vulnerable than many other economies and likely to face only a modest hit unless the situation escalates further, she said.

10年期日本国债收益率下跌1.5个基点，至2.340%。