Beijing Xiangrui Jinying New Energy Storage Equipment Technology Co and Shanghai Painen Energy Technology Co signed a strategic cooperation to develop a 400 MWh standalone energy storage power station and a 2 GWh battery framework. The agreement covers cell R&D, system integration, supply-chain coordination and market expansion. Meijin Energy, a shareholder in Xiangrui Jinying, will leverage its hydrogen and conventional energy platforms to support the three-party effort and accelerate large-sca

China Maritime Safety Administration: Wenzhou maritime authority issued a navigation warning closing parts of the East China Sea east of Wenzhou to navigation for military activities from June 26 18:00 to June 28 18:00 (CST); entry prohibited.

BNP Paribas economists say Japan will likely face continued inflationary pressure as import prices are expected to remain above pre–Middle East-crisis levels. Although Strait of Hormuz tensions have eased, a shift to higher-cost U.S. crude, sharply higher insurance premiums and a weak yen are expected to keep import costs elevated; an AI investment boom and a strong equity market should sustain domestic demand, and aggregate demand may remain robust in H2 as geopolitical uncertainty recedes.