China's central bank, the People's Bank of China (PBOC), is expected to set the yuan mid-point at 7.1010 per dollar, according to a Reuters estimate. In other developments, China and the US are holding climate talks to stabilize their relations. Additionally, China is actively engaging with African nations, rolling out the red carpet for African leaders and strategizing against the West. President Xi Jinping lauded China-Africa relations, calling them a 'stellar example' for the world, as noted by a Global Times editorial. Meanwhile, China's stock market faces darker prospects after a weak earnings season, and the country is considering cutting mortgage rates in two steps to shield banks, according to Bloomberg.