Sinopharm Group Co. (01099.HK) and Merck (China) (MRK.N) met in Shanghai to discuss the potential appointment of Sinopharm as exclusive import/distribution agent for innovative drug Xinrulai® and related post-launch cooperation. The parties agreed to deepen strategic collaboration to improve access to rare-disease therapies and commercialization efficiency in China.

Polysilicon most-active futures tumbled intraday, down more than 3% at 35,125 yuan/ton.

The NBS said food, tobacco, alcohol and dining-out prices fell 0.3% MoM in June, subtracting about 0.08 ppt from CPI. Food: fresh fruit -2.0% (‑0.04 ppt), fresh vegetables -1.0% (‑0.02 ppt), meat -0.5% (‑0.02 ppt) with pork -0.8%, eggs +5.8% (+0.03 ppt). Of seven other major categories, one rose, two were unchanged and four fell: health care +0.2%; housing and education/culture & recreation flat; other goods & services -2.7%; transport & communications -1.3%; household goods & services -0.2%; clothing -0.1%.