Outbound Investment Rules: China’s new regulation on outbound investment took effect July 1, replacing a patchwork of departmental rules with a single framework for more than 50,000 overseas-operating firms and pushing clearer risk-prevention and overseas service requirements. Ethnic Unity Law: China’s “Law on the Promotion of Ethnic Unity and Progress” is now in force, with Article 63 drawing fresh international alarm over the law’s extraterritorial reach and fears of transnational repression. Economy & Consumption: Sales of big-ticket items like cars and home appliances are slipping as subsidies fade, raising pressure for second-half stimulus while exports remain a key support. Markets: China stocks opened mixed July 2 as chipmakers slid from record highs, while Hong Kong rebounded on strength in internet names; China Resources New Energy surged on its IPO debut. Tech & Industry: Chenxian Optoelectronics completed a major Series B to expand TFT-based Micro-LED capacity, while a new solar-powered desalination prototype can run for up to a year without electricity. Global Business Expansion: Home Original Chicken is entering Southeast Asia via a Singapore JV with a controlling stake, testing a more direct brand-control model for overseas fast-food growth. Culture & Society: A young woman in Xizang is modernizing pulu weaving with machinery while keeping space for veteran artisans, and summer vacation is turning rocket viewing into a mainstream tourism draw.