Beijing

Beijing, the capital of China, is at the center of various global developments. Economically, China is experiencing a transition towards more balanced growth, avoiding deflation despite challenges like weak global demand and a property correction. Chinese firms are expanding globally, urged to 'go local' for success. The yuan is quietly gaining international traction, exemplified by Zambia's use for taxes and trade. Diplomatically, Beijing is engaging with various nations, including the UK (Starmer's visit) and Israel (envoy seeking closer ties). However, tensions exist, such as the diplomatic row with Japan impacting tourism. Militarily, Beijing is developing new capabilities, like the YJ-18C missile, potentially impacting US naval logistics. Domestically, instant retail is booming, attracting multinational investment. Finally, Beijing's approval is needed for CK Hutchison's port asset sales, highlighting its regulatory role.