China's National Bureau of Statistics reported 1H national per‑capita household consumption at 14,836 yuan, up 3.7% YoY nominal and 2.7% YoY in real terms. Urban per‑capita consumption was 18,071 yuan (+3.0% nominal, +2.0% real); rural per‑capita consumption was 10,180 yuan (+4.6% nominal, +3.8% real). By category, per‑capita food, tobacco and alcohol spending was 4,537 yuan (+4.2% YoY), accounting for 30.6% of total; clothing 880 yuan (+4.4%, 5.9% share); housing 3,135 yuan (+1.4%, 21.1% share)

At a State Council press briefing PBOC spokesperson and deputy governor Zou Lan said the central bank’s 1H tool injections effectively offset a c.1 tln yuan liquidity shortfall from reserve requirement payments and cash issuance; the money-market overnight rate DR001 averaged 1.31% in the first six months and overall conditions were stable. To better meet banks’ short-term liquidity needs and improve the precision and effectiveness of policy-rate control, the PBOC in late June added an overnight reverse-repo instrument to open-market operations and narrowed the operating-rate band for temporary repos/reverse repos from 70bps to 50bps. The central bank also launched an offshore central-bank repo tool to facilitate RMB liquidity management and RMB bond allocation by overseas central-bank-type institutions and has completed its first operation.

据国际文传电讯社：俄罗斯袭击了两艘驶往敖德萨的散货船。