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Real-time News
On July 3, the State Council issued the "15th Five-Year Plan for Building a Beautiful China." The plan proposes promoting green and low-carbon lifestyles. It includes improving the green product certification and labeling system; promoting the sale of new energy vehicles, green smart home appliances, and green building materials in rural areas; promoting green charging for new energy vehicles and green electricity retail packages for residents; improving green consumption incentive mechanisms; expanding the scope and scale of government procurement of green products; fostering ecological culture; continuing activities such as National Ecological Day and World Environment Day; strengthening ecological civilization publicity and education; continuing the "Beautiful China, I am an Actor" series of activities; guiding the public to save water and electricity; promoting the "Clean Plate Campaign"; reducing the use of disposable items; and resisting excessive packaging. The plan also includes improving urban public transportation, slow-traffic systems, and greenway networks to develop green travel.According to the Islamic Republic News Agency (IRNA), Iranian Parliament Speaker Qassem Ghalibaf stated that the United States and Israel have failed to achieve any of their objectives in the war. All parties have now concluded that the military operation against Iran has failed.The State Administration for Market Regulation announced that in June 2026, a total of 7 automobile manufacturers filed recall plans with the State Administration for Market Regulation, announcing the recall of a total of 41,800 vehicles.Rengo, Japans largest labor union, said on Friday that Japanese companies have agreed to wage increases of more than 5% for the third consecutive year, indicating that continued wage growth is gradually becoming a stabilizing trend supporting the worlds fourth-largest economy. The union, which has 7 million members, said the final results of the annual labor-management negotiations showed that Japanese companies agreed to an average wage increase of 5.01% this year. The average wage increase for Japanese companies was 5.25% last year and 5.10% the year before. Kazutaka Maeda, an economist at Meiji Yasuda Research Institute, said that the positive outcome of the labor-management negotiations, coupled with the positive turn in real wage growth in recent months, "should boost consumer spending and strengthen the case for the Bank of Japan to continue its gradual interest rate hike path." Analysts expect that robust corporate profits and a severe labor shortage will maintain the upward trend in wages, with many predicting similar wage increases next year.July 3rd - According to data from the China Passenger Car Association (CPCA), preliminary statistics show that from June 1st to 30th, the national passenger car market saw retail sales of 1.037 million new energy vehicles, a 7% decrease year-on-year but a 9% increase compared to the same period last month. The cumulative retail sales this year reached 4.734 million vehicles, a 13% decrease year-on-year. From June 1st to 30th, national passenger car manufacturers wholesaled 1.506 million new energy vehicles, a 22% increase year-on-year and an 11% increase compared to the same period last month. The cumulative wholesale sales this year reached 6.812 million vehicles, a 6% increase year-on-year.
