Dim Sum Bonds: State Grid’s record HK dim sum bond sale raised 14.9 billion yuan with demand hitting 193.8 billion yuan, highlighting Hong Kong’s deepening yuan offshore market. China Economy Watch: July data showed industrial output growth slowing to 4.5% and broader activity weakening, with analysts pointing to demand gaps and funding pressure. Fiscal Push Debate: Commentary argues China should open the fiscal taps faster as growth sputters and external risks rise. Consumption Policy: Beijing rolled out measures to unlock county-level consumption, from upgrading local markets to boosting services and incomes. FX Stability: SAFE said the forex market stayed stable in July, supported by stronger cross-border flows. Tech & Sovereignty: China accelerated a plan to remove a customized Windows 10 from state-linked agencies, while Google plans to shift Pixel production out of China by 2027. AI Rules for Business: Police warned of AI-generated online rumors targeting companies, with penalties for offenders. Robotics Funding: Lumos Robotics is weighing more fundraising and a possible listing next year as it pushes factory-focused robots. Corporate Moves: Alibaba agreed to sell its gaming studio Lingxi Games for over $2 billion to refocus on AI and cloud. Retail Trend: Burger formats are booming in China as smaller households and tighter budgets drive demand for cheaper, portable meals. Green Cities: Shanghai expanded zero-waste and low-carbon policies, pushing recycling networks and clean production projects. Geopolitics & Trade: China’s Arctic “Ice Silk Road” route is pitched as an alternative for global shipping amid Middle East disruptions.