Foreign central banks' holdings of US Treasuries fell $11.06bn in the week to June 26, versus a $5.66bn increase in the prior week.

Global consultancy Kearney says rising living standards are shifting Chinese consumer spending toward emotional value, belonging and self‑identity, driving rapid expansion in the country’s IP‑derivative products market. Kearney projects the market at about 500 bln yuan in 2025 and 750 bln yuan by 2028.

RatingDog’s China services PMI fell to 54.1 in June, down 0.3 percentage point from May and remaining in expansion for a 42nd month. New business volumes grew for a 42nd month but at a slightly slower pace; new export orders accelerated sharply, the fastest gain so far this year. Firms’ 12‑month activity expectations stayed optimistic. Input-cost inflation eased and selling prices returned to expansion after two months of slight contraction. Employment rose for a second month, with hiring intentions strengthening. Overall, June shows a modest cooling from May’s peak but underlying activity remains solid.