The China Association of Automobile Manufacturers said media reports that Germany and France are drafting a joint paper urging the European Commission to adopt a US-style '301' unilateral trade instrument. The association called such a tool protectionist and unilateral, saying it would not solve Europe's industry transition challenges, would materially affect Chinese auto and battery sectors, and could disrupt China-EU trade and global auto supply chains. It said it is highly concerned and will

Hong Kong stocks closed higher after a low open; the Hang Seng rose 0.37% to 24,613.27 and the Hang Seng Tech Index gained 0.1% to 4,253.89. Market turnover was HKD 187.16 bln. Innovative drug and CXO names led gains and airlines advanced; mainland property names recovered from intraday lows while home-appliance, chip and PCB sectors lagged. Recent IPO HuanChuang Technology (06802.HK) jumped 266%; CanSino Biologics (06185.HK) +17.5%; Joinn Laboratories (06127.HK) +15.6%; Hengrui Medicine (01276.HK) up over 10%; Yunding Xinyao (01952.HK) +7.7%; China Eastern Airlines (00670.HK) +5%. Tianshu Zhixin (09903.HK) -9.7%; GAC Group (02238.HK) -7.5%; SUNAC CHINA (01918.HK) down >5%; Midea Group (00300.HK) down >3%.

IDC says 1H 2026 global humanoid-robot shipments approached 25,000 units, up 432.1% YoY, as the industry moves from technology validation toward commercial deployment. China accounted for over 19,000 units, roughly 77.9% of the market, with AGIBOT shipments exceeding 8,600. IDC forecasts global shipments will top 750,000 units by 2030, indicating an accelerated shift to scale applications.