Refinitiv: Officials say a draft agreement sets a seven-day timetable to resolve both sides' concerns. Parties must implement daily confidence-building measures. The process could begin early next week, and multiple countries will act as guarantors.

BOC Governor Macklem said the situation today is different from when the pandemic ended.

Guangzhou has repossessed multiple parcels of idle land, the city and Guangdong province disclosures show. A Huangpu district Port Phase‑III parcel originally acquired by Guangzhou Port Group as commercial land was reclaimed this year by the local government for 1.24 bln yuan and is to be rezoned to mixed commercial‑residential and put up for sale shortly. Sunac’s Guangzhou cultural‑tourism project also had an idle plot reclaimed with land compensation of 272 mln yuan. Guangdong’s 2026 special‑bond disclosures show Guangzhou plans additional repossessions this year; besides the two plots above, three further commercial or mixed‑use sites involve Gemdale, China Tourism Group and Baoxin Real Estate, with about 3.87 bln yuan of special bonds tied to these five parcels. Gemdale said the matters are proceeding normally; a China Tourism Investment contact gave no details and said the company will cooperate with Huadu district government on commercial planning upgrades.