US Court Fallout: Fugitive Chinese billionaire Guo Wengui was sentenced to 30 years in a Manhattan federal prison for a $1B+ fraud scheme, with the judge ordering $889M in forfeiture; prosecutors said he raised over $1B from followers via investment and crypto promises while funding luxury assets. Anti-Corruption Crackdown: China jailed former Henan security official Liu Mancang for life for taking 316 million yuan in bribes, stripping him of political rights and confiscating personal property. Tech Self-Reliance Push: China unveiled “Yisuanfangzhou,” a software platform meant to help researchers run complex science workloads on domestic high-performance chips, aiming to reduce dependence on NVIDIA’s CUDA ecosystem. AI Model Release: Meituan open-sourced LongCat-2.0, a 1.6T-parameter coding model trained on domestic Chinese chips, underscoring the push to build AI on homegrown hardware. Trade & Industry Tensions: China imposed export controls on 40 Japanese entities over “new militarism,” while Bayer sought new duties on Chinese glyphosate imports. Aviation Safety Move: After a fatal crash into Beijing’s CITIC Tower, China reportedly grounded much of general aviation nationwide, raising questions for the low-altitude economy. Diplomacy & Global Governance: China’s top diplomat met UN secretary-general candidate Maria Fernanda Espinosa, reiterating support for a stronger UN role in global governance. Local Governance Spotlight: A CPC “July 1 Medal” nominee profile highlights grassroots community mediation in Chongqing, reflecting how party honors spotlight public service.