Outbound Investment Crackdown: China issued sweeping new rules tightening control over overseas deals tied to Chinese investors, tech, data and national security, with key requirements for authorization and the ability to unwind completed transactions—effective July 1. US Export Controls Tighten: The US Commerce Department clarified that AI chip licensing rules apply to Chinese firms’ overseas subsidiaries, closing a loophole that may have let advanced Nvidia chips reach China indirectly. Taiwan Waters Patrols: China’s Coast Guard carried out law-enforcement patrols east of Taiwan, saying it’s responding to Japan and the Philippines starting maritime delimitation talks in overlapping areas. Energy Market Shift: China’s seaborne crude oil imports fell to the lowest in nearly 10 years in May, driven mainly by Middle East disruptions and price/supply reshuffling. Digital Yuan Push: Beijing is expanding digital yuan use at home and abroad, including incentives for banks and encouragement for cross-border payments tied to Belt and Road routes. Biotech Deal: Pfizer and Innovent signed a global cancer-drugs agreement worth up to $10.5 billion, underscoring continued demand for Chinese biotech despite geopolitical pressure. Governance Enforcement Reform: A year-long campaign against irregular business enforcement found 66,000 problematic cases and helped companies recover 30.7 billion yuan. Rare Earth Talent Pipeline: A report highlights China’s rare-earth education and lab ecosystem sustaining its edge in refined supply. Sports & Society: UNICEF said China has made “substantial progress” improving accessibility for children with disabilities, while youth athletics events keep growing nationwide.