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Russian Foreign Minister Sergei Lavrov has said the country's diplomatic relations with China remain a pivotal factor in maintaining global stability. Lavrov emphasized the "special significance of the Russia-China Comprehensive Strategic Partnership of Coordination" during an address to the Federal Assembly.

Chinese authorities have urged Mexico to correct its practices of unilateralism and protectionism at an early date. A Chinese Commerce Ministry spokesperson said the country opposes unilateral tariff hikes in all forms.

The event is the first APEC gathering under China's chairmanship for 2026. China has chosen the southern city to host next year's APEC Economic Leaders' Meeting.

The third rate cut of the year takes the benchmark interest rate to the 3.5 to 3.75 percent range. The Fed has signaled that it may leave rates unchanged in the coming months.

The International Monetary Fund has raised its forecast for economic growth in China to 5 percent this year, up 0.2 percentage points from its previous estimate in October.

China's consumer price index grew at a faster pace in November, driven by rising food prices. The main gauge of inflation rose 0.7 percent year on year last month, accelerating from October's rise of 0.2 percent.

The policy paper says China and the region are a community with a shared future, and pledges to work with Latin America and the Caribbean on five projects such as development, civilization and peace.

China's permanent representative to the UN Fu Cong chaired the launch meeting attended by representatives from nearly 40 founding member states of the group.

The Shenzhou-21 crew aboard China's orbiting space station have completed their mission's first spacewalk. The astronaut trio worked for about eight hours.

China's Ministry of Public Security has issued a wanted notice for 100 fugitives accused of bankrolling or directing telecom and online fraud operations.