China-Russia Patrol: China and Russia carried out another joint strategic air patrol over the Sea of Japan, East China Sea and the western Pacific, drawing fighter-jet scrambles from Japan and South Korea as both sides also move to expand missile systems. AI Power Crunch: With data centres straining electricity grids, Chinese chipmakers are betting on silicon carbide (SiC) for more efficient AI infrastructure, as one SiC firm pushes toward an IPO in Hong Kong. Industrial Profit Bounce: China’s major industrial firms reported profits up 18.8% year-on-year in Jan–May, signaling momentum despite uneven demand. Gold Rules Update: China is drafting revisions to gold import/export regulations to streamline cross-border handling and tighten supervision around gold carried or mailed by individuals. Tax Crackdown on Overseas Income: Authorities are tightening oversight of residents’ offshore earnings via “self-review” audits that critics see as retroactive enforcement tied to local revenue needs. US-China Tech Tension: Apple is reportedly lobbying Washington for permission to buy memory chips from a Chinese supplier blacklisted by the US, highlighting the squeeze between rising chip costs and export restrictions. EV Export Push: Chinese heavy-truck makers are accelerating electrification and overseas sales, with electric ownership costs nearing diesel parity after subsidies. Venezuela Quake Aid: Overseas Chinese in Venezuela donated about 500 tons of relief supplies for quake victims as the death toll climbs. Bangladesh Ties: Eleven Chinese firms proposed $9.21 billion in investment in Bangladesh during talks with Prime Minister Tarique Rahman, as both countries upgrade cooperation. Beijing Plane Crash: A small plane crashed into CITIC Tower in Beijing, killing the pilot and injuring 13; reports say online references were quickly scrubbed.