May 29, 2026 — Xinxiang Intermediate People's Court in Henan convicted defendant Liu Yingcheng, formerly legally known as Shi Yongxin, of embezzlement, misappropriation of funds, accepting bribes as a non-state functionary and offering bribes. The court imposed combined sentences totaling 24 years' imprisonment and a RMB 3.5 mln fine; the case involved sums exceeding RMB 100 mln. Liu accepted the verdict in court and did not appeal.

Zhongtai Securities says China’s cement sector is at a short-term profitability trough as demand is weakened by slower new property starts; sector capacity utilization fell below 50% in 2025. Supply-side players are accelerating capacity replacement to meet production targets and prepare to run at design capacity. The sector posted 2025 net profit of 29.0 bln yuan (vs 26.0 bln yuan in 2024) but prices and margins softened again in 2026 Q1; insufficient demand and weak enforcement of staggered production in core markets such as the Yangtze River Delta and Hubei have kept prices rangebound at low levels. Market leaders are diverging: Anhui Conch’s share rose to 15.65% (from 12.79% in 2021–25), while Huaxin, supported by overseas business, was the only firm to register revenue and pre-impairment net-profit growth in 2025 and 2026 Q1. Outlook: Zhongtai sees current profitability at the bottom and strong industry intent to raise prices, with a likely low-to-high price/profit trend this year; longer term, production curbs and China’s dual‑carbon constraints should accelerate supply clearance and materially improve sector margins as supply and demand rebalance.

日本財務大臣片山皋月：獲取OpenAI的新模型將有助於日本加強網絡安全的努力。