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Tesla CEO Elon Musk once again denied the sale of Teslas China business on social media, stating, "This has never even been mentioned or discussed. This is completely ridiculous fake news."
Japans Ministry of Economy, Trade and Industry reported that crude oil imports in Japan rose 5.9% year-on-year in June, while total sales of petroleum products fell 7.9% year-on-year, gasoline sales fell 7.1% year-on-year, and kerosene sales fell 14.9% year-on-year.
On July 31, Unisound (09678.HK) announced that it recently won the bid for the Modular Space project funded by a Nanning municipal platform company. Furthermore, the company subsequently secured another municipal-level AI public platform project in Xiamen. The total contract value of these two landmark municipal projects exceeds RMB 20 million.
TD Cowen raised its price target for Apple (AAPL.O) from $350 to $400.
July 31 – The Political Bureau of the CPC Central Committee held its 27th collective study session on the afternoon of July 30, focusing on high-quality advancement of national defense and military modernization. Xi Jinping, General Secretary of the CPC Central Committee, emphasized during the session that during the 15th Five-Year Plan period, it is essential to adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implement Xi Jinping Thought on Strengthening the Military in the New Era, strengthen political leadership, deepen innovative development, and advance high-quality modernization of national defense and the armed forces. This will ensure the timely achievement of the centenary goal of the Peoples Liberation Army, promote decisive progress in the basic realization of national defense and military modernization, and provide strong strategic support for comprehensively advancing the building of a strong nation and the great rejuvenation of the Chinese nation through Chinese-style modernization.