China to continue upholding global justice, peace: FM

China will continue to champion international fairness and justice and safeguard peace and stability of the world along with all countries around the world, Foreign Minister Wang Yi said on Friday.

Speaking at a press conference on the sidelines of the third session of the 14th National People's Congress (NPC) in Beijing, Wang, who is also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, highlighted the significant progress for Chinese diplomacy in the past year and pledged continued efforts to promote peace and justice in face of ongoing international challenges.

"The year of 2024 saw profound changes in the international landscape, and also, remarkable progress in China's reform and development. Under the leadership and guidance of General Secretary Xi Jinping, China's diplomacy achieved significant progress, fostered a favorable external environment for high-quality development, brought much-needed stability to a changing and turbulent world, and made new, solid strides in building a community with a shared future for mankind," Wang said.

He then noted that the international situation is still full of challenges in the year of 2025, but the mission of China's diplomacy remains unchanged.

"We will continue to work with all countries to uphold what is right, steer the direction of our era, defend international fairness and justice, and safeguard world peace and stability," said Wang.

Japan's benchmark 10-year government bond yield surged to 2.950 percent on Monday, marking its highest level since October 1996 amid rising bets on central bank rate hikes.

The bond yield moves inversely to its price, meaning the sharp rise reflects intensified selling pressure on the government bonds.

Japanese media analysis suggests that rising market expectations for an earlier-than-expected interest rate hike by the Bank of Japan, coupled with a chain reaction triggered by rising long-term interest rates in the United States, are the main reasons for the recent sell-off and price decline of the Japanese government bonds.