Fed Chair Kevin Warsh said the Fed is not afraid of productivity-driven economic growth.

CUSTOMS data cited at a State Council Information Office briefing on China’s foreign trade showed 1H exports of lithium batteries and wind-turbine generator sets rose 37.6% and 35.6% year-on-year. The briefing said global green transition and rising demand are a strong match for Chinese green products; exports of electric vehicles, electric railway locomotives and electric motorcycles/bicycles increased 68.7%, 45.1% and 31.5% respectively.

French defense minister says France is prepared to take all necessary measures to secure a ceasefire and ensure freedom of navigation in the Strait of Hormuz.