05:02⇢Yuan Breaks 7.42 As Trade War Deepens
⌨The newspapers report intensively on the escalating US-China trade war, with multiple outlets examining its global economic impact (BBC Chinese, Caixin Chinese, Global Times, SCMP). The offshore yuan has weakened beyond 7.42 against the dollar following US tariff increases (Caixin Chinese), and Asian Pacific stocks are sliding (Global Times). Simultaneously, state media continues coordinated messaging promoting Xi Jinping's economic philosophy, with several outlets (CCTV, China Daily, Guangming Daily, Huanqiu) publishing identical articles titled "China's economy is a vast sea, not a small pond." China's Premier is calling for maintaining free and open trade with the EU (CCTV English) while commentators suggest China may weaponize service trade in response to US tariffs (SCMP).