The General Office of the CPC Central Committee and the General Office of the State Council issued a flood-control notice requiring intensified, dynamic inspections of key infrastructure risks—targeting transport hazards (steep slopes, high fills, sharp bends, waterside sections) and urban lifeline weak points such as low-lying pump stations, underground utility networks and ageing pipelines. Authorities must strengthen operational monitoring and early warning, increase patrol frequency during c

Morgan Stanley cut its PT on Alibaba (BABA.N) to $180 from $190, a 5% reduction, and reiterated an overweight rating and top-pick view. After a recent share pullback the firm says the stock now trades at an attractive valuation, roughly 13x FY2028 PE; its latest DCF-derived target equates to about 23x FY2028 PE. Morgan Stanley raised revenue forecasts for FY27–28 by 2–3% on a larger cloud contribution, partly offset by weaker e-commerce revenue; EBITA forecasts are largely unchanged. The bank expects Alibaba’s cloud revenue growth to accelerate to 45% YoY in the quarter to June (FY27) and to continue accelerating in subsequent quarters. Excluding some one-off Spring Festival promotional costs, Morgan Stanley sees ‘other losses’ narrowing to RMB16.5 bln in FY27 Q1, but warns rising token prices will keep model-training costs for the Qianwen model sizable and projects FY27 total ‘other losses’ of about RMB72 bln.

The Ministry of Foreign Affairs said Pak Thae-song, a member of the Workers’ Party politburo standing committee, vice chairman of the State Affairs Commission and premier of the Cabinet, will visit China from July 10-12 at the invitation of the CCP Central Committee and the PRC government to lead a DPRK party-state delegation and attend the 65th anniversary of the signing of the Treaty of Friendship, Cooperation and Mutual Assistance.