Typhoon Bavi Fallout: Eastern China is bracing for more heavy rain after the storm made landfall in Zhejiang, with nearly 2 million people evacuated and cities clearing debris as winds and flooding disrupt transport and daily life. South China Sea Diplomacy: Fourteen countries reaffirmed the 2016 arbitral ruling as final and legally binding, rejecting China’s maritime claims and urging disputes to be handled under international law. Gold & Reserves: The PBOC reported its biggest monthly gold reserve increase in over two years in June, extending a 20-month buying streak even as bullion prices fell sharply. Food Delivery Crackdown: China is drafting rules to curb price wars in the food delivery market, targeting long-term subsidies and pressure tactics that squeeze restaurant margins. Tech Supply Pressure: In China’s electronics hub, a memory chip and SSD shortage is pushing up PC component prices, hitting consumer demand. JD.com in Hong Kong: JD.com is moving into student housing in Hong Kong by buying a hotel for about $96m and converting it into dorms. Space Milestone: China successfully landed a reusable Long March 10B booster at sea, signaling a new push to compete in reusable rocket technology. AI Model Access Talks: Chinese officials have discussed potential limits on overseas access to advanced AI models, treating cutting-edge AI as a national asset. EV Market Turnover: Chinese EVs are averaging about 1.8 years on the road versus 8.2 for gasoline cars, reflecting faster upgrade cycles driven by batteries and smart features.