Retail & Property Watch: China’s retail sales fell in May for the first time in more than three years, down 0.6% year-on-year, while industrial output rose 4.5% and fixed-asset investment slipped 4.1% in the first five months—fresh signs that exports are not yet lifting household spending. Housing Signals: In first-tier cities, new home prices edged up 0.2% month-on-month in May, but the broader property mood stays fragile as developer shares slid back toward pre-2024 stimulus levels. Macao Governance & Finance: The State Council appointed Ng Wai Han as Macao’s secretary for economy and finance, as the SAR pushes to expand its trade platform beyond Portuguese-speaking markets to Spanish-speaking economies. China-Myanmar Ties: Xi Jinping met Myanmar President Min Aung Hlaing in Beijing, with both sides signing cooperation documents as they seek deeper trade and security links. Global Business Message: Vice President Han Zheng told a multinationals summit that China supports robust, healthy growth for foreign firms and wants stable global industrial and supply chains. Energy & Industry: Eve Energy shares jumped after it forecast net profit more than doubling in the first half, pointing to momentum in China’s power and energy storage battery market.