A Tianjin University team led by Professor Hu Wenbin reported a “transient assembly” strategy using millisecond-scale periodic thermal pulses to synthesize and precisely control core–shell platinum-group metal catalysts, enabling atom-level precision and ultra-fast production. The authors say the method opens a new technical pathway for platinum-group catalyst manufacturing. Results were published online in Science on July 10 (Beijing time). Platinum-group catalysts are core materials for modern

China's National Energy Administration released the Energy Sector Energy-saving and Carbon-cutting Action Plan (2026–2028), directing a restructuring of the refining and coal-to-liquids/gas sectors. Refining will follow a capacity reduction-and-replacement policy; new refineries must meet benchmark energy-efficiency standards. The plan calls for stronger capacity and technology reserves for coal-to-liquids/gas, higher conversion efficiency, and unit energy consumption and carbon emissions per product to meet or exceed industry advanced levels. It urges accelerated industry upgrades, orderly replacement of steam-turbine drives with electric-drive systems, deeper integration of refining and coal-chemical units with renewables, encouragement of large-scale substitution with green power and green hydrogen while gradually reducing fossil-fuel-based hydrogen, and scaled deployment of CCUS.

In an internal all-staff letter addressing recent market volatility, MiniMax founder and CEO Yan Junjie said the company’s long-term direction is unchanged. Effective immediately and until the company achieves AGI, Yan will receive no salary. Over the next four years he will allocate from his personal holdings shares equal to 4% of the company’s total share capital to incentivize long-term team members, and set aside 1% to establish a dedicated fund to support related open-source communities.