China–US Trade Clash Escalates: China moved to restrict exports of dual-use items and hit 10 U.S. defense-related firms with new export controls and procurement curbs, retaliating after U.S. actions tied to the Pentagon blacklist and rare-earth supply chain pressure. Rare-Earth & Critical Minerals: Beijing’s tighter rare-earth grip on U.S. firms adds fuel to a broader critical-minerals scramble as the EU and others seek non-China sources. EV Market Pressure in Europe: Chinese brands kept gaining share in May as Europe’s electrified-car registrations rose sharply, while legacy automakers lost ground amid intensifying competition. China’s Domestic Demand Signal: The 618 shopping festival ended with flat e-commerce sales, reflecting cautious consumers and a softer retail mood. Policy & Openness for Business: China submitted a draft revision to its government procurement law and a draft financial law for first reading, alongside steps to optimize foreign investment. Cybersecurity in Supply Chains: Tata Electronics said it detected a cybersecurity incident after reports a ransomware group posted alleged Apple and Tesla component design files. Global Business Ties: EU and Hong Kong discussed a new financial services dialogue, while China–South Africa diplomacy highlighted BRICS coordination. Energy & Trade Logistics: Malaysia said long-term oil, gas and diesel supply agreements are key for stable logistics, and fertilizer prices eased after Iran-war spikes.