July 27 — The Ministry of Industry and Information Technology said it will fast-track drafting and issuance of the 15th Five-Year plan for China’s intelligent connected new-energy vehicle (NEV) industry. The ministry said it will implement the National Standardization Development Outline, accelerate breakthroughs in key core technologies, speed development, international coordination and implementation of priority standards, advance vehicle–road–cloud integration pilot projects, streamline produ

Reserve Bank of India Governor Sanjeev Malhotra said in a Monday interview that June measures to attract dollar inflows brought nearly $32 bln, mostly via the foreign-currency non-resident deposit scheme. He said about $7 bln, after tax changes, entered the Indian bond market as foreign securities investment. The RBI’s exchange-rate policy has not changed and it will intervene only against excessive volatility; he judged the rupee is not currently undervalued. Given current growth and inflation, the standing policy repo rate is appropriate, though rising food and fuel prices pose a risk of broader inflation pass-through.

Hong Kong June exports YoY +53.4% (prior +40.8%).