China-US Trade & Policy: China’s foreign ministry pushed back on OECD criticism, saying its industrial subsidy policy stays strictly within WTO rules and is driven by competition and innovation, not handouts. Central Banking & Gold: World Gold Council data show central banks swung back to net gold buying in April, with China adding 8 tonnes (a 16-month high) and extending its buying streak to 18 months. AI & Business Mindset: Ray Dalio says China treats AI like a utility for workers, aiming for broad access over near-term profit—contrasting with US firms’ revenue-first approach. Tech & Telecom Opening: China approved pilot value-added telecom access for 166 foreign-funded firms, including Beijing, Shanghai, Hainan and Shenzhen, as caps on foreign equity are eased for services like data centers. EV Industry: Nissan and Chery signed a non-binding MoU to study making Chery passenger cars at Sunderland, potentially starting in FY2027. Global Trade Signals: USDA officials suggest China is buying new-crop US soybeans, though market watchers say confirmation may lag in official reports. Regional Politics: Solomon Islands’ new PM says he’ll review a secret 2022 security pact with Beijing after Canberra and Washington raised concerns about Chinese military access. China-Linked Infrastructure: Angola launched a new route linking Icolo e Bengo to Guangzhou to deepen Africa-Asia connectivity.