Spot gold traded above $4,200/oz in early trade, hitting a two-week high and rising 0.6% intraday.

Beijing released the Digital Economy Development Report (2025–2026). The city’s digital economy value exceeded 2.4 trillion yuan in 2025, up 8.7% YoY and equal to 46.4% of GDP. Beijing ranked second in a global digital-economy benchmark cities index with a score of 0.770. Beijing’s AI leadership consolidated: the 2025 AI core industry was roughly 450 billion yuan, the city hosts over 2,500 related firms, and 225 large models were registered as of April 2026; model innovation and industry application are accelerating. Data marketization advanced, with 'one zone, three centers' construction reporting breakthroughs; Beijing International Big Data Exchange on-exchange trading volume rose 150% YoY and trusted data spaces expanded circulation in healthcare and audiovisual sectors.

China Merchants Energy Shipping said on July 5 it expects 2026 1H net profit attributable to parent of 6.6–7.3 bln yuan, a rise of 214%–248% YoY. The company cited a super‑cyclical international tanker market driven by supply‑demand shifts and geopolitical factors, with spot rates on some routes reaching record highs. International dry bulk benefited from continued supply‑demand improvement and a steady recovery in the BDI. Tanker operations extended strong Q1 performance and, after overcoming a post‑strait‑closure oversupply phase in Q2, are estimated to have increased profit contribution by about 50% q/q. Dry‑bulk profit contribution rose roughly 170% q/q in Q2. Container and ro‑ro fleets are showing steady recovery trends.