美联储威廉姆斯：如果人工智能持续刺激需求，你就不能忽视这一点。

The NBS said food, tobacco, alcohol and dining-out prices fell 0.3% MoM in June, subtracting about 0.08 ppt from CPI. Food: fresh fruit -2.0% (‑0.04 ppt), fresh vegetables -1.0% (‑0.02 ppt), meat -0.5% (‑0.02 ppt) with pork -0.8%, eggs +5.8% (+0.03 ppt). Of seven other major categories, one rose, two were unchanged and four fell: health care +0.2%; housing and education/culture & recreation flat; other goods & services -2.7%; transport & communications -1.3%; household goods & services -0.2%; clothing -0.1%.

The Industry Association said two new policy measures will continue to be implemented in H2, supporting fresh incremental demand in the China auto aftermarket. New-product supply is expanding and market prices are relatively stable, underpinning further improvement in sector operating conditions. Risks include a volatile external environment, rising uncertainty and persistently weak domestic demand, leaving the industry under significant pressure. The association called for stabilizing policy expectations, strengthening regulatory guidance, closely monitoring international developments, managing risks and steadily expanding overseas markets.