Outbound Investment Clampdown: China issued sweeping new rules to tighten scrutiny of overseas deals tied to Chinese investors, tech, data and national security, with key controls taking effect July 1 and adding a legal basis to unwind completed transactions—plus limits on cross-border talent transfers in sensitive sectors. Space Science: China’s Tianwen-2 is heading to near-Earth asteroid Kamoʻoalewa for a sample return, but new lab work challenges the idea that its red color proves a Moon origin. Geopolitics & Security: Xi-Putin’s summit messaging on sanctions and North Korea suggests stronger political backing for Pyongyang, with analysts flagging potential next steps on the Korean Peninsula. Biotech Deal: Pfizer and Innovent Biologics signed a cancer drug collaboration worth up to $10.5B, underscoring how China’s biotech boom is drawing major global partners despite US pressure. EV Batteries: CATL says it will mass-produce sodium-ion batteries this year, aiming to cut costs and improve performance for EVs and grid storage. Digital Yuan Push: China is expanding e-CNY use in payments, trade and government spending, including incentives for banks and cross-border products. US Chip Export Loophole Closed: The US clarified that AI chip licensing applies to Chinese-headquartered firms even when their subsidiaries operate abroad, after a reported gap let some advanced chips slip through. Tech & Industry: China’s drone light show in Sichuan set multiple Guinness records with 33,615 drones, while China’s undersea wind-powered data center project begins operations off Shanghai.