The U.S. and China have set indicative targets for expanding two-way agricultural trade and have agreed in principle to include relevant agricultural products within a framework for reciprocal tariff reductions.
A Chinese spokesperson confirmed that agricultural trade is a vital part of U.S.-China economic and trade cooperation. Following recent consultations, both sides have established guiding goals to boost two-way agricultural trade and have agreed in principle to bring relevant agricultural goods into a reciprocal tariff reduction arrangement. Companies will operate based on market principles, conducting trade autonomously according to actual demand and market conditions. China expressed its willingness to work with the U.S. to create favorable conditions for mutual agricultural trade.
China and the European Union have agreed to hold the second regular meeting of their newly established Trade and Investment Consultation Mechanism this autumn. The mechanism is a regular exchange platform in the economic and trade field, with both sides agreeing to hold one to two ministerial-level meetings annually. China has invited European Commissioner for Trade and Economic Security to visit for the second meeting.
The State Council has approved a plan for building China into a leading sports nation. The plan outlines measures to improve the public fitness service system, reform the management and operation mechanisms for competitive sports, strengthen youth sports work, promote the revitalization of major ball sports, accelerate the quality and expansion of the sports industry, promote Chinese sports spirit, deepen international sports exchanges and cooperation, and enhance support capabilities for sports development. The goal is to increase public satisfaction with sports work and its contribution to economic and social development.
Guangzhou's secondary residential property market saw a significant decline in transactions in June. Data shows that 8,740 second-hand homes were transacted online, a decrease of 12.45% month-on-month and 9.82% year-on-year. The total transacted area was 888,900 square meters, down 10.68% from the previous month and 7.70% from a year earlier. For the first half of the year, a total of 53,358 second-hand homes were transacted in Guangzhou.
In contrast, Shenzhen's property market showed a positive trend. In June, the city recorded a total of 8,878 online transactions for new and second-hand residential properties, a year-on-year increase of 14.2%. The release of diverse housing demand accelerated, with quality residential projects remaining popular. The second-hand home market was notably active, with 5,093 units transacted online, up 13.1% year-on-year, indicating a stable market with increased volume.
The first week of July is a low-price period for domestic air tickets. Data shows domestic flight bookings for July have exceeded 15.8 million, up about 68% from a week prior. Despite rising travel demand, average ticket prices are about 20% lower than the same period last year, with bare ticket prices for many routes below 300 yuan. For example, a flight from Beijing to Wuhan, including fees, costs 450 yuan, which is cheaper than a second-class high-speed rail ticket.
Alibaba Group is integrating its AI agent product lines. The company is consolidating its QoderWork, WuKong, and MuleRun capabilities into a more powerful AI product aimed at enterprise productivity scenarios. The new product will be led by Chen Yusen. Alibaba stated that existing services for the three products will be seamlessly upgraded, with all user rights protected.
Tengjing Technology announced plans to establish a wholly-owned subsidiary in Kunshan with a registered capital of 35 million yuan. The move aims to optimize resource allocation and integrate its AR consumer optics business layout, accelerating the industrialization of its AR waveguide and optical engine module business.
Huafon Chemical Co., Ltd. released its first-half 2026 performance forecast, expecting net profit to be between 1.68 billion and 2.08 billion yuan, representing a year-on-year increase of 70.85% to 111.53%. The company attributed the growth to rising product prices and improved gross margins amid raw material cost increases and demand fluctuations. Enhanced operational management, market expansion, R&D investment, and the gradual contribution from fundraising projects also boosted overall profitability.
Qatar's Foreign Ministry spokesperson stated that mediators Qatar and Pakistan held meetings with U.S. and Iranian negotiation representatives in Doha, making positive progress on issues related to implementing a U.S.-Iran memorandum of understanding.
A South Korean vice finance minister stated that the country is maintaining close communication with Japan and other major allies on foreign exchange matters, warning that the Korean won's exchange rate has deviated significantly from economic fundamentals.
Russia's Federal Antimonopoly Service said it has issued a warning to Apple Inc., demanding the U.S. company correct its discriminatory practices against Russian search engines.
Switzerland's inflation rate edged down to 0.5% in June, marking its first decline since energy price spikes following the outbreak of conflict in the Middle East. The rate was lower than the 0.6% recorded in April and May, which had been the highest levels since 2024.
Data from the Australian Bureau of Statistics showed that the country's goods trade balance swung from a surplus of approximately 1.383 billion Australian dollars in April to a deficit of about 3.018 billion Australian dollars in May 2026. This marks the second monthly goods trade deficit this year.
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