Meta unveiled Muse Spark 1.1 with a new paid developer tier—its first time charging businesses for model access—creating a potential new revenue stream. The non-open-source model will be distributed via a Meta Model API with a limited free token allowance; access beyond a token threshold will be paid. Meta says API pricing is roughly 25% of comparable OpenAI and Anthropic quotes. CEO Mark Zuckerberg highlighted marked improvements in agent inference, tool use and coding, and described the API la

China PPI fell 0.3% MoM in June, the National Bureau of Statistics said. International crude weakness drove sharp oil-sector declines: oil extraction prices -16.0% MoM and refined petroleum products manufacturing -3.1% (widening by 14.2 and 2.8 percentage points vs May). Chemical raw-materials and chemical-fiber manufacturing shifted from MoM gains to declines of 2.0% and 0.8% respectively. Seasonal peak-summer demand lifted coal mining and washing prices 5.6% MoM; household cooling appliance manufacturing +0.6%; refrigeration and air-conditioning equipment +0.4%. Ample summer precipitation, sunlight and wind cut power prices: hydro -9.1%, solar -2.5% and wind -2.2% MoM.

Jinfei Kaida filed a 2026 proposal to issue shares to specified investors under a simplified procedure to raise up to 295 million yuan. Proceeds are earmarked for a smart-manufacturing project — a forged aluminium-alloy automobile wheel production line with annual capacity of 600,000 units — and to repay bank loans.