14:20 (05:20)โขChina's Economic Challenge to US Hegemony
โจJapanese media reports highlight China's assertive moves in international relations, aimed at countering US influence and protectionism. President Xi announced the establishment of an SCO Development Bank and expressed opposition to "bullying," with the US in mind, advocating for a multilateral trade system (Nikkei Shimbun). Concurrently, a new Hong Kong stablecoin law is seen as opening the door to a yuan-backed token, challenging US dollar dominance (Nikkei Asia). Domestically, discussions persist on mitigating Tokyo's extreme heat, which is forecast to continue into September (Yahoo News Japan, Japan Business Press).