AI Race: Moonshot AI’s Kimi K3 (2.8T parameters) surged to #1 on a front-end coding benchmark, intensifying pressure on U.S. rivals as it’s positioned as open-weight and cheaper than closed models. Humanoid Robotics: Unitree’s G1 humanoid robots helped carry out the world’s first live animal surgery using general-purpose surgical robotics, while China’s customs data points to fast export growth for surgical robots. AI Regulation: China issued its first batch of Level 3 AI device certifications for 66 smart products, signaling tighter grading for advanced AI hardware. Global AI Governance: Xi backed a new global AI governance push at Shanghai’s World AI Conference, including training slots for developing countries and cooperation centers across regions. Markets & IPO Mood: China stocks slid after CXMT’s $8.6b Hong Kong IPO raised liquidity worries, as AI-related shares sold off. Aviation Losses: China’s top airlines warned of heavy first-half losses amid weaker demand and higher fuel costs. Energy/Industry Deal: Wison New Energies signed an EPCIC contract for Eni’s Baleine Phase 3 FPSO in Côte d’Ivoire, marking a milestone in floating production expansion. Trade Friction: France and Germany plan a roadmap to tackle China trade imbalances, pushing faster EU market investigations. Security & Diplomacy: Beijing rejected Trump’s election meddling claims with a restrained response, while the Philippines protested a China Daily racist AI video tied to South China Sea arbitration anniversary. Agriculture: USDA raised milk production estimates for 2026-2027 as cow inventories increased.