A-share minor metals sector spiked intraday; Xianglu Tungsten hit its daily price limit, while Guocheng Mining, Zhangyuan Tungsten, China Tungsten High-Tech, Huayang New Materials and Haotong Technology also advanced.

FAW-Audi insiders said reports that the company’s Chinese head had been replaced are false. Guo Yongfeng remains executive deputy general manager of FAW Audi Sales Co., a role he has held since Sept. 1, 2025, with responsibility for sales, after‑sales, dealer network and brand marketing for all domestic and imported models in China.

Beijing, July 2 — Lu Kang, vice minister of the International Liaison Department of the Communist Party of China, met European strategic figures including the director of the UN Institute for Disarmament Research and the head of the French Institute for International Relations and Strategy. They exchanged views on international security and China‑EU relations. Lu said the international order under the UN Charter is not being effectively upheld, reiterated Beijing’s support for a central UN role, and reiterated support for Europe strengthening strategic autonomy and playing a larger role in international affairs. Both sides called for genuine multilateralism and closer strategic exchanges to help maintain global peace and stable China‑EU ties.