China's National Bureau of Statistics said GDP in 1H 2026 rose 4.7% YoY.

The Yinli-1 launch vehicle left final assembly at the Haiyang Eastern Spaceport and will sail on the Dongfang Spaceport launch vessel for an offshore satellite launch in eastern Shanghai waters on July 22. Yinli-1 is Eastern Space’s first commercial launch vehicle, with payload capacity of 6.5 tonnes to LEO and 4.2 tonnes to a 500km sun-synchronous orbit. Its January 2024 maiden flight set records as the world’s largest solid-fuel launcher and China's largest commercial launch capacity; the vehicle has now entered routine commercial operations.

RBC expects the Bank of Canada to keep the overnight rate at 2.25% on Wednesday, marking a sixth consecutive hold after 50bp of cuts in Sept–Oct last year. RBC says the recent oil-price spike has not shown signs of evolving into a broader, persistent inflation shock, while Canadian growth and the labour market have improved: Q1 GDP was weaker than expected but Q2 momentum strengthened, May–June jobs data point to stabilization, and consumer spending remains resilient. On this basis RBC expects per-capita growth to gradually improve and the BoC to keep rates unchanged throughout 2026.