Industrial Profits: China’s major industrial companies’ profits jumped 24.7% YoY in April and 18.2% in the first four months, with AI-linked demand and higher raw-material prices lifting electronics and metals while automakers and some consumer goods lag. Energy & Safety: Coking coal prices surged after a deadly Shanxi mine gas explosion, and the State Council set up an investigation team to probe the blast. Finance & Risk: CreditEase/Heritvest froze about 30 billion yuan ($4.4b) in wealth products, reviving shadow-banking concerns; meanwhile Huobi expects major user and revenue declines as China’s crypto crackdown forces it to wind down China accounts and expand overseas. Policy for Industry: Beijing launched a “100 events for 10,000 enterprises” matchmaking campaign to plug SMEs into large-firm innovation and supply chains, and Premier Li Qiang pushed for distribution hubs and smarter reserves for bulk commodities. China-Europe Industrial Link: Volvo won U.S. permission to keep selling Geely-developed connected cars, while Spain’s stance on tougher EU tariffs against China showed signs of fracture. Global Clean Tech: BloombergNEF says renewable supply capacity now exceeds demand, pressuring prices and accelerating clean-energy adoption. China-Serbia Practical Cooperation: High-speed rail and steel upgrades highlight deepening China-Serbia industrial ties. Humanoid Robots: China began issuing digital IDs for humanoid robots to track them across their lifecycle.