China Index Academy reports TOP100 Chinese developers sold CNY1.2293 trillion in Jan–May 2026, with the YoY decline narrowing 4.7 percentage points versus Jan–Apr and contracting for a third consecutive month. In May, China Overseas, CHINA RES LAND, China Merchants Shekou, C&D Real Estate, Poly Developments, Beijing Urban Construction and Lianfa posted YoY sales growth. The academy attributes May strength to improvement-led demand concentrated in high-end products in some cities and to aggressiv

GalaxyVS, an AI virtual screening platform for ultra-large-scale drug discovery, was officially launched in Tianjin today. Built on the new-generation Tianhe supercomputing system, the platform can probe a near-100-billion synthesizable compound space and implements an end-to-end stack covering molecular representation, vector retrieval, diversity control, affinity re-ranking and large-scale task scheduling. The platform is positioned to provide a high-efficiency, high-precision, scalable foundational tool for innovative drug R&D and was developed by an AI biomed team led by Meng Xiangfei, chief scientist at the National Supercomputing Center in Tianjin, and Lan Yanyan, professor at Tsinghua University’s Institute for Intelligent Industry.

EU officials are considering a temporary freeze of the automatic six-month reset of the Russia oil price cap after Middle East fighting and Strait of Hormuz disruptions pushed crude sharply higher, sources said. The mechanism, adopted last year, sets the cap at 15% below the Russia Urals market average; the current cap is $44.10/bl and is due for reassessment in late summer. Under the cap, EU firms are prohibited from providing insurance, shipping or other services for oil sold above the cap. Sources said a July review could raise the cap to at least $65/bl — above the $60 level previously agreed by the G7 — while a freeze would keep it at the current level.