May 26 — NDRC vice chairman Zhou Haibing met Mozambique’s Planning and Development Minister Vala to discuss Belt and Road cooperation, economic-development exchanges and the 15th Five-Year Plan. Zhou said the NDRC will strengthen communication and coordination to implement cooperation agreements signed during the Mozambican president’s April visit to China and to push for deeper, practical BRI and economic-development cooperation.

China has published a draft Beibu Gulf Open Development Plan for public comment, proposing to elevate the Western Land‑Sea New Corridor from a corridor economy to a hub economy. The draft calls for accelerating a land‑sea trade hub that radiates to western China, links to ASEAN and serves southwest, central‑south and South China, and to study and plan a Beibu Gulf bulk commodity resource‑allocation hub; it seeks upgrades to corridor scale, network, efficiency and capacity and the development of integrated shipping, customs, logistics, trade and financial services along the new corridor.

SpaceX is reportedly cutting its IPO valuation target to at least $1.8 trillion.