AI & Markets: Moonshot AI’s Kimi K3 has rattled global tech sentiment, with the model pitched as a major leap for coding and “open” development—while Chinese traders reportedly cut leveraged positions at the fastest pace since 2015–16 as AI-fueled rallies looked stretched. Monetary Policy: China’s central bank kept rates steady and flagged “structural divergence,” pointing to stronger high-tech and exports alongside weaker household consumption and private investment. World AI Governance: At WAIC in Shanghai, foreign executives praised China’s practical AI rollout conditions, while Xi’s speech pushed a “just and equitable” global AI governance agenda. Cyber Crackdown: China’s cybersecurity authorities unveiled 10 cases targeting illegal online football gambling tied to the 2026 World Cup. Environment & Land Use: Inner Mongolia’s grassland restoration is using willow barriers plus mixed seeding to stabilize desertified areas, with UN experts studying the approach. Sports Business: Chinese brands are shifting World Cup sponsorship toward direct national-team partnerships rather than just tournament deals. Regional Trade/Industry: China-linked EV competition keeps expanding, with Chinese automakers using South Korea and Thailand as test beds for software-led, price-aggressive growth.