Anti-corruption: China’s top watchdog has put former China Development Bank president Ouyang Weimin under investigation for alleged serious violations of party discipline and the law, underscoring Beijing’s continued crackdown in state finance. UK-China investment dispute: A Chinese owner of British Steel, Jingye Group, is demanding compensation from the UK after nationalization, while Beijing says it is closely monitoring the case and will take “necessary measures” to protect investors. Aviation & trade links: Air Cambodia signed with COMAC to buy 20 C909 regional jets, with deliveries starting in late 2026, as China pushes more aircraft exports abroad. AI & phones: At Shanghai’s World AI Conference, Chinese firms showcased “AI agent” smartphones, but access limits from big app platforms show the control battle ahead. AI models shake markets: Moonshot AI launched Kimi K3, an open-weight, large model aimed at long-context coding and document work, adding pressure to US tech narratives. China economy signal: China’s Q2 GDP growth came in at 4.3% but domestic demand looks weak, with investment and real estate still dragging. Global supply chains: India’s textile sector is pitched as entering a multi-year upcycle via China+1, but analysts warn execution and productivity will decide who captures export gains. Pakistan pharma push: Pakistan-China pharmaceutical talks in Islamabad produced about $850m in contracts and MoUs, targeting local vaccine and medical production. EV policy risk in Europe: Hungary plans tougher environmental rules and cuts incentives in battery/EV policy, likely hitting Chinese manufacturers that built major battery capacity there. Livestream commerce: Chinese livestream shopping is estimated near $900bn, roughly matching the scale of US e-commerce and showing how fast the model is reshaping retail.