Wang Yiming said that despite current complex, intertwining factors and short-term market volatility, medium-to-long-term certainties remain. He flagged two drivers: productivity gains from a new technological revolution, with China positioned at the forefront of AI, and asset-allocation opportunities arising from adjustments in the international economic order.

Federal Reserve Chair Kevin Warsh has appointed two senior Fed economists as advisers: Daniel Kowitz, one of three deputy directors in the Fed’s Division of Research and Statistics, and Eric Enstrom, senior deputy director in the Division of Monetary Affairs. Both are long-serving Fed staffers and will advise on Warsh’s planned operational reforms. The appointments are among Warsh’s first personnel moves since taking office last month. The Wall Street Journal reported he has also hired two conservative policy veterans from outside the Fed and a former George W. Bush speechwriter.

French President Macron and Italian Prime Minister Meloni attended a signing ceremony and delivered a joint speech at the 36th France–Italy summit in Antibes.