India's electronics and IT minister announced on Wednesday an additional 1.28 trillion rupees (about $13.3 bln) to support domestic chip manufacturing, expanding a 2021 $10 bln incentive scheme. The earlier program pledged to cover roughly half of semiconductor project construction costs and helped attract Micron and Tata to Gujarat. The initiative remains at an early stage with only a few large projects under way; the government, led by Prime Minister Modi, aims to leverage Indian engineering a

The National Disaster Reduction and Relief Committee activated a national level-4 emergency response after Typhoon Bavi and heavy rain hit Jilin. The National Development and Reform Commission urgently allocated 30 mln yuan of central budgetary investment to Jilin for post-disaster emergency recovery, targeted at repairing damaged roads, water-conservancy infrastructure and restoring public-service facilities including schools and hospitals to resume normal production and daily life.

China June urban surveyed unemployment rate 5.0% (expected 5.1%; May 5.1%).