CCTV: Premier Li Qiang chaired a State Council executive meeting to study work on developing and cultivating emerging pillar industries.

Shanghai municipal government and China Logistics Group signed a strategic cooperation framework in Shanghai on July 10. The city will coordinate resources to fully support China Logistics’ operating entities in Shanghai. China Logistics will make Shanghai a strategic development base, integrate its digital logistics and supply‑chain platform with blockchain infrastructure, build an end‑to‑end digital trust system for bulk commodity circulation across warehousing, transport and cross‑border links, and pilot a multimodal single‑document (one‑bill) system to assist Shanghai’s “five centers” construction and high‑quality development.

Oil-themed funds opened lower: Global Oil & Gas Energy LOF fell more than 3%; Harvest Crude Oil LOF dropped over 2%; E Fund Crude Oil LOF, China Southern Crude Oil LOF and Petroleum Fund LOF each fell more than 1%.