PBOC conducted CNY218.5bn of 7-day reverse repos, fully allotted at a 1.40% rate, unchanged from the prior operation.

Chinese manufacturers are applying solid-state batteries to flying cars, replacing liquid electrolytes to meet stricter airworthiness safety requirements and potentially shortening the commercialization timeline. A flying car fitted with a high‑energy solid‑state battery has completed a test flight across the Qiongzhou Strait. The sector currently relies largely on high‑energy liquid lithium cells; solid‑state technology is transitioning from lab toward mass production, but improving cycle life to boost flight economics remains the main constraint.

President Trump said Israel and Iran are seeking an immediate ceasefire and that final peace negotiations are underway. He said a blockade will continue until an agreement is reached and that the process should move quickly.