Taiwan Strait Tensions: Taiwan’s defence ministry detected 8 Chinese aircraft sorties, 10 naval vessels and 7 official ships near the island, with 6 sorties entering its southwestern ADIZ, as China keeps up coast guard patrols east of Taiwan. E-commerce Rulemaking: China is seeking public feedback on draft amendments to its e-commerce law, expanding platform-economy coverage, tightening liability and oversight, and pushing clearer rules for cross-sector and overseas expansion. India Power Procurement: India granted a two-year tender exemption to four China-linked power equipment makers with local manufacturing sites, letting them bid on critical grid projects despite prior procurement curbs. China-Japan-India Security Pushback: China warned that Japan-India economic security cooperation should not target third parties or create “exclusive” blocs, amid concerns over export controls and supply-chain resilience. Global Trade Costs: Freight rates hit a two-year high as geopolitics disrupt major shipping lanes, lifting container costs on key China–US and China–Europe routes. Industrial Tourism Boom: China is promoting industrial tourism as factories and industrial heritage sites draw more visitors, supported by a new policy push from central ministries. Hard Discount Retail: Alibaba’s Hema SuperheSuan NB and Meituan’s Happy Monkey are expanding in Beijing, intensifying competition in China’s hard discount market.