Used-Car Market Policy Push: China’s used-car sector is staying resilient as new-car demand softens, with transactions up to 8.095 million units in Jan-May and new-to-used sales reaching parity at 1:1, after authorities rolled out trade-in subsidies and circulation reforms. NEV Rollout in Hainan: Hainan doubled down on its 2030 fuel-car sales ban, setting a tighter NEV target for private and public fleets and expanding charging infrastructure. Robotics as AI’s Next Bet: China is steering AI funding toward robotics under its 15th Five-Year Plan, with the World AI Conference in Shanghai set to showcase new robot platforms and major subsidy expectations. EU Trade Pressure: The EU signaled possible safeguards against surging Chinese industrial imports, especially machinery and electronics, while keeping negotiations open. Semiconductor IPO Spotlight: Memory chipmaker CXMT set IPO terms on Shanghai’s STAR Market, aiming to raise up to 66.6 billion yuan, as global chip equipment spending hits record highs. Geopolitics and Energy Routes: China urged the US and Iran to restore safe navigation through the Strait of Hormuz amid renewed US naval pressure, while Trump reversed a planned Hormuz fee in favor of Gulf trade deals. South China Sea Standoff: India reiterated disputes must be settled peacefully under UNCLOS as the 10th anniversary of the arbitral ruling draws renewed diplomatic responses. Cross-border Auto Pricing: BYD is launching overseas before China, pricing a Denza Z supercar about three times higher abroad than at home, reflecting tariffs and localization costs.