Ties with Tokyo may be on the mend but Japan should not use Taiwan to stir up trouble in the region, Chinese Foreign Minister Wang Yi warned on Friday. While praising “a positive trend of improvement and development” in relations with Tokyo, Wang said there were still people in Japan colluding secretly with the “Taiwan independence” forces.

From Beijing trying to reset relations with Tokyo to Hangzhou rivalling Shenzhen, here’s a round-up from today’s China and economy coverage.

The world’s richest city, as of 2024, is New York City. According to Forbes, the Big Apple’s overall wealth is (currently) valued at a staggering $3 trillion (Rs 262 lakh crore), which is higher than the combined wealth of several European nations.