South Korean President to pay state visit to China

China has allocated 62.5 billion yuan, or over 8.8 billion U.S. dollars, in ultra-long special treasury bond funds in advance to support the trade-ins of consumer goods for 2026.

South Korean President Lee Jae Myung will pay a state visit to China from Sunday to Wednesday. China expects the visit will play an active role in further advancing the strategic partnership of the two countries.

General Secretary Xi Jinping of the Communist Party of China Central Committee has stressed integrated urban-rural development and ensuring the steady increase of farmers' incomes.

U.S. President Donald Trump says the disarmament of Hamas is a key condition for the second phase of the Gaza peace plan.

China will apply provisional import tariff rates lower than the most-favored-nation rates on 935 items from Jan. 1. The move aims to enhance synergy between domestic and international markets.

Cambodia and Thailand will gradually consolidate their ceasefire. This is according to a communique following the meeting of Chinese foreign minister Wang Yi and his counterparts from the two Southeast Asian countries.

Army, Navy, Air Force and Rocket Force troops will conduct drills that focus on combat readiness patrols, blockade and all-dimensional deterrence.

U.S. President Donald Trump has met with Ukrainian President Volodymyr Zelenskyy and spoken on the phone with Russian President Vladimir Putin.

Chinese Foreign Minister Wang Yi has met his Cambodian counterpart Prak Sokhonn in Yuxi, Yunnan Province. He welcomed the ceasefire reached between the Cambodian and Thai militaries, calling it an important step toward restoring peace.

The Chinese Finance Ministry has pledged to expand fiscal expenditure in 2026 to ensure a solid start to the country's 15th Five-Year Plan period from 2026 to 2030. Finance Minister Lan Fo'an said China will implement a more proactive fiscal policy next year.