July 2 — A-share storage-chip concept stocks fell broadly, with sector leader GigaDevice hitting the daily limit down. The company told callers to its investor hotline that production and operations are normal and that it is in the interim results disclosure window, declining to provide further details. Separately, media report Meta is planning a cloud infrastructure business to sell AI compute and model-access to external customers.

At Yingshi Innovation's 2025 annual shareholders meeting, founder and chairman Liu Jingkang said China's smart imaging market is effectively dominated by DJI and Yingshi Innovation and is not a rational market. He warned price wars are difficult to disprove and that no company can sustain a long-term monopoly or profits through pure price competition, saying the consumer electronics sector cannot rely on price cuts for healthy industry development.

At a July 2 MOFCOM press briefing, a reporter noted the Canadian international trade minister said an autumn meeting with Chinese ministers will include talks on further tariff removals for canola, peas and seafood. MOFCOM spokesperson He Yadong said Beijing and Ottawa signed a China‑Canada economic cooperation roadmap in January, guided by leaders’ consensus, creating preliminary joint arrangements for managing bilateral trade issues; economic teams have maintained close communication. China advocates resolving concerns through equal dialogue and is willing to continue expanding the cooperation list and narrowing the list of outstanding issues to support healthy, stable and sustainable China‑Canada economic and trade ties.