China's CUSTOMS said 1H exports of specialized equipment totaled 540.24 bln yuan, up 24.4% YoY, while exports of ships and offshore engineering equipment reached 214.99 bln yuan, up 19.9% YoY. CUSTOMS cited overseas deployment of Chinese smart excavators, heavy gas turbines and offshore work platforms in major projects.

Fed Governor Bowman said in remarks on modernizing financial regulation that the Financial Stability Board (FSB) has completed a comprehensive assessment of modernization work by its members and standard‑setting bodies. Reforms have broadly advanced and target common objectives: keeping the regulatory framework forward‑looking to address current and emerging material risks; enhancing targetedness and proportionality; reducing unnecessary compliance burden; promoting responsible innovation; leveraging data and technology for supervision; and supporting economic growth. The FSB plans to publish a public consultation report this autumn and will submit the outcome to the G20 as a milestone of collective commitment.

Meta Platforms pledged an additional $40 billion to its large data center campus in rural Louisiana, raising announced site investment to $50 billion and expanding planned AI compute capacity to at least 5 GW. Combined with prior commitments (including an earlier $10 billion) and a May report that Meta may invest a further $200 billion mainly for high-cost compute chips across the nearly 4,000-acre campus, the project's expected total would exceed $250 billion, a person familiar with the matter said. Meta has not disclosed any detailed spending beyond the $50 billion.