Asian Development Bank funds development in Asia-Pacific; current work centers on infrastructure, climate, and poverty reduction.
The 12‑day conference has launched a rangelands initiative that mobilizes $1.2 billion for 45 projects, aiming to restore degraded land and bolster food security in fragile ecosystems. The effort, highlighted during Mongolia talks, aligns with broader UN goals to combat desertification and climate impacts.
Beijing is positioning itself as a mediator in the Iran-US conflict as Xi Jinping prepares for a Washington visit. Wang Yi has urged restraint, while Iran and US are encouraged to return to dialogue; Iran’s nuclear and regional risks persist.
Chinese leader Xi Jinping has arrived in Washington for a state visit and a summit with U.S. President Donald Trump to discuss extending a trade truce, AI safety and the fate of Americans detained in China. Preparatory talks have produced limited deliverables; officials are expecting targeted, incremental agreements rather than a broad breakthrough.