Former Chinese premier Zhu Rongji, the driver of the nation’s economic reforms, died on Wednesday aged 97 following an illness. Zhu spearheaded China’s 2001 accession to the World Trade Organization (WTO), paving the way for an export boom that fuelled the country’s transformation into the world’s second-biggest economy. He also oversaw domestic market reforms that included closing hundreds of loss-making state enterprises and laying off some 30 million workers. The former Shanghai mayor was...

China announced new drone supply chain export controls and counter-sanctions against seven American firms in retaliation for US trade restrictions imposed last week targeting Chinese companies. Sales to United States entities of “drones, their key components and related technologies” will be subject to “strict case-by-case scrutiny”, the Ministry of Commerce said on Wednesday, with the measures taking effect immediately. They amount to a tightening of restrictions first implemented in 2023 and...