Typhoon Maysak Disaster: Southern China’s Guangxi is reeling after torrential rain from Typhoon Maysak killed at least two people and affected about 55,000, with reservoir breaches and mass evacuations in Nanning and Guigang as flood response was upgraded to the top level. Capital Projects Push: China finalized its 2026 list of key national construction projects, issuing a third batch worth 193.5 billion yuan via ultra-long special treasury bonds, spanning transport, water systems, ecological restoration and education upgrades. Pacific Military Tensions: China test-fired a long-range ballistic missile from a nuclear-powered submarine into the Pacific with a dummy warhead, drawing sharp criticism from regional neighbors over destabilization despite Beijing saying it complied with international law. AI Monetization Shift: Alibaba is moving Qwen from open-source to a paid, API-only model as commercialization pressure mounts, removing free tier access and pushing enterprise contracts. Flood-Control Escalation: Authorities warned of ongoing risk as multiple dams failed or overtopped, with emergency teams racing to reach trapped residents and prevent further downstream impacts. Religion Case With US Link: An underground church pastor, Ezra Jin Mingri, arrived in the US after Trump intervention, following months after his detention in China’s crackdown on unregistered house churches. Market Rules Update: China’s revised A-share trading rules took effect, expanding after-hours fixed-price trading and raising daily price limits for risk-warning stocks to 10% to boost liquidity and yuan-asset appeal.