China on Monday criticized new US sanctions targeting Chinese companies, describing them as “illicit” and pledging to protect the interests of its domestic firms.

China’s industrial sector recorded strong profit growth in the first quarter of 2026, as proactive macroeconomic policies helped offset the effects of a complex economic environment and strengthened momentum in high-end manufacturing, according to official data released on Monday.

A series of cooperation agreements worth 495 million yuan ($72 million) has been signed at a major China–Malaysia business forum, underscoring growing economic ties between the two countries.

European Commission President Ursula von der Leyen has stressed the urgent need to simplify regulations for businesses operating across the European Union, warning that excessive complexity is weakening the bloc’s global competitiveness.

A Wells Fargo employee has been barred from leaving China, reigniting fears among foreign companies about doing business in the country. The bank has suspended all travel to China following the move, according to a source familiar with the matter.

Azerbaijan is exploring ways to strengthen its commercial footprint in China, including the potential launch of new trading houses and wine boutiques, according to Yusif Abdullayev, Executive Director of the Azerbaijan Export and Investment Promotion Agency (AZPROMO).