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China A-share CPO sector plunged; Xinyisheng and Zhongji Xuchuang slid about 15%, while Demingli, Dongshan Precision and multiple peers hit their daily limit-down. Telecom ETFs managed by Fuguo, Guotai and Huaxia neared limit-down.

2026-07-28

China A-share CPO sector plunged; Xinyisheng and Zhongji Xuchuang slid about 15%, while Demingli, Dongshan Precision and multiple peers hit their daily limit-down. Telecom ETFs managed by Fuguo, Guotai and Huaxia neared limit-down.

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2026-07-28

Safran raised its 2026 revenue growth target to mid-double-digit growth (previously low- to mid-double-digit). It also lifted 2026 recurring operating profit guidance to €6.4-6.5 billion (previously €6.1-6.2 billion).

Safran raised its 2026 revenue growth target to mid-double-digit growth (previously low- to mid-double-digit). It also lifted 2026 recurring operating profit guidance to €6.4-6.5 billion (previously €6.1-6.2 billion).
2026-07-28

MOFCOM published on July 28 China’s position on the so‑called 'overcapacity' issue, saying the claim that insufficient domestic demand has caused overcapacity is not factual. It notes China is both a manufacturing and a consumption power: domestic de

MOFCOM published on July 28 China’s position on the so‑called 'overcapacity' issue, saying the claim that insufficient domestic demand has caused overcapacity is not factual. It notes China is both a manufacturing and a consumption power: domestic demand was the main engine of growth, contributing on average 93% to GDP growth from 2013–2024. By World Bank PPP, China’s total retail sales in 2025 will be about 1.7x the US, making it the world’s largest goods consumption market; China’s physical consumption volumes are already the global highest and per‑capita annual consumption of some industrial goods approaches developed‑country levels. Recent slower growth in retail sales is consistent with a shift from high‑speed to high‑quality growth and consumption upgrading, and should not be equated with insufficient demand. Framing Insufficient domestic demand as the cause of overcapacity, MOFCOM says, misapplies micro market phenomena to macro Structural analysis.
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