IEA monthly report forecasts global oil supply will rise by 7.5 mln b/d in 2027.

July 6-10 — China and Vanuatu held the first round of negotiations via videoconference to upgrade their economic partnership agreement. Delegations conducted in-depth talks on goods trade, rules of origin, services, intellectual property and practical cooperation, and said they made positive progress.

Key News 1. The Long March 10B carrier rocket successfully achieved controlled recovery of its first stage, and is expected to complete a reuse flight of the first stage by the end of the year. 2. A satellite communications working group was officially established in Beijing. 3. A record high of 369 million inbound and outbound trips were made in the first half of this year. 4. The National Energy Administration: By 2028, the proportion of non-fossil energy consumption will increase by approximately 1 percentage point annually. 5. The National Energy Administration: Strengthen the construction, transformation, and intelligent upgrading of the power distribution network to enhance its comprehensive carrying capacity for distributed renewable energy and other new energy sources. 6. Guangdong: Plans to accelerate technological breakthroughs in key cutting-edge fields such as 6G, optical communication, and satellite communication. Individual Stock News 1. Data on main capital flow shows that GigaDevice saw the largest net inflow of main capital at 9.017 billion yuan, followed by InnoLight Technology, BOE Technology, Shenghong Technology, and CATL. Huatian Technology saw the largest net outflow of main capital at 3.36 billion yuan, followed by N Torrance, Shannon Semiconductor, China Satellite, and Goldwind Technology. 2. Sugon announced the completion and commissioning of China's first fully domestically produced 100,000-calorie AI supercluster, Sugon 8000 (Dengfeng). 3. Shenghong Technology responded to rumors about Nvidia: cooperation with core customers is stable, and product development is progressing normally. 4. Xiling Power: The company can conduct customized development of harmonic reducers according to customer needs. 5. Weihong Technology and Jutuo Intelligent signed a strategic cooperation agreement to deepen their involvement in the new tracks of liquid cooling and humanoid robots. 6. Xiling Power: The company can conduct customized development of harmonic reducers according to customer needs. 7. Sungrow Power Supply: Data center storage is a future trend, and the company aims to secure related orders by 2026. 8. Ganchao Optoelectronics: Its 100G VCSEL optical chip under development can be used in 800G optical modules. 9. Xingyu Optoelectronics and Kingfa Science & Technology accelerate their strategic cooperation on innovative materials. 10. Joyson Electronics invests in Tashan Technology, an AI-powered tactile sensing technology company.