15:28⇢Yuan Sinks While Chips Retaliate
⌨The newspapers report on Xi's diplomatic meetings with Nepal's Prime Minister and Cambodia's Hun Sen (Beijing Daily, China Daily, China Military Online), while economic coverage focuses on the offshore yuan dropping below 7.3 to the dollar (Caixin). A significant development emerges in the chip war as China announces export controls in response to US restrictions, with four industry associations warning about US chip purchases (DW Chinese, Global Times).