Iranian foreign ministry spokesman said Iran has not made a final decision on an agreement with the United States and that US actions have affected the diplomatic process.

June 11 — Nomura China chief economist Lu Ting said in Beijing that boosting consumption over the medium-to-long term requires institutional reforms, notably an improved social security system. He estimated strengthening social security could reduce precautionary saving among about 300 million flexible workers and thereby lift consumption. Lu called social security reform a necessary step for China’s move toward a middle-developed economy and said the next few years are a key window for reform. He recommended central fiscal spending be shifted sharply toward social security, basic healthcare, inclusive elderly care and broad-based consumption subsidies, arguing direct central cash injections to help households repair balance sheets and ease education, healthcare and retirement burdens are needed to reverse high precautionary saving and restore sustainable domestic consumption growth.

On June 12 the Shanghai municipal government will hold a press conference to present details on the 2026 Lujiazui Forum. Attending agencies include the Shanghai Party Committee Financial Office, the PBOC’s Shanghai headquarters, the Office of the National Financial Supervision and Administration and the CSRC’s Shanghai bureau. Officials will outline the forum’s arrangements and answer reporters’ questions.