India's government said the fuel component of the wholesale price index rose 27.41% YoY in June.

Chinese premier Li Qiang chaired a meeting with economic experts and entrepreneurs, urging a smooth shift from old to new growth drivers by accelerating manufacturing’s digital-intelligent transformation and deeper integration of advanced manufacturing with modern services. He called for scaling commercial deployment of AI and other emerging technologies to cultivate new industries and sectors, implementing job-stabilization measures—expanding and upgrading positions and creating new occupations—to ensure overall employment stability, and promptly addressing business concerns by further optimizing the business environment and using reforms to boost market vitality and support firms.

Foreign Ministry spokesman Lin Jian said at a routine briefing that the South China Sea arbitration is essentially a political farce cloaked in legal language. The spokesman said an illegal arbitral award will not change China's historical sovereignty, sovereign rights or jurisdiction over the islands and adjacent waters, nor will it weaken China's determination to defend those rights. It will not alter China's policy of resolving disputes through negotiation with directly concerned parties. China will continue to work with regional states to safeguard peace and security in the South China Sea and promote regional prosperity.