Prime Minister Sanae Takaichi will not attend the NATO summit in Turkey on July 7-8; Foreign Minister Toshimitsu Motegi will represent Japan.

CPCA secretary-general Cui Dongshu said on July 5 the recent adjustment to vehicle-and-vessel tax for energy‑saving and new‑energy vehicles is a landmark step toward implementing parity between fuel and electric vehicles and marks the new‑energy sector’s move from policy support to market‑based maturity via tax optimization. He said the reform favors full electrification, aligns with the auto industry’s long‑term high‑quality and market‑balanced development, and that parity should be implemented by calibrating taxes to technical attributes, emissions and usage scenarios to match responsibilities and ensure fair tax burdens rather than by blunt equalization.

Sci-Tech Innovation 50 Index rose over 2%; China's CPU maker Haiguang, Lanqi Technology and Baiwei Storage led gains.