Space & Tech: China pulled off a first-stage booster recovery after a Long March 10B launch, landing the rocket on a sea platform—another step toward cheaper, reusable orbital launches as Beijing pushes to rival SpaceX. Industrial Policy: A top political advisor urged faster modernization of China’s industrial system, calling for upgrading traditional sectors while building emerging and future industries. Party Ideology: Senior officials said studying Xi Jinping Thought is key to understanding today’s China, as foreign representatives were invited to learn more about governance. Central Banking & Gold: The PBOC reported its biggest monthly gold reserve increase in over two and a half years, adding 480,000 ounces in June and extending a 20-month buying streak. Markets & Business: Shein won approval for its Hong Kong IPO, clearing the way after years of delays and scrutiny. AI & Finance: MiniMax is seeking about $2.05B in Hong Kong funding via share and bond sales to expand its AI business. Weather & Safety: Typhoon Bavi is driving heavy-rain alerts across northern China; Beijing evacuated tens of thousands and raised reservoir releases. Disaster Relief: China allocated extra central funds to flood-hit Guangxi for relocation, temporary aid, and home repairs. International Tensions: Beijing rejected NATO’s Arctic threat narrative, saying its polar work is for science and environmental protection. South China Sea: Philippine officials marked the 10th anniversary of the 2016 arbitral award, while local fishermen say harassment keeps them away from Scarborough Shoal.