China threatens retaliation over U.S. military list
The Ministry of Commerce condemned the U.S. for adding Chinese companies to its list of “Chinese military companies.” The ministry urged the U.S. to immediately revoke the measures and return to a constructive strategic relationship, warning that China will take countermeasures and hold the U.S. responsible for any consequences.
Trump declares U.S.-Iran deal complete
U.S. President Donald Trump said on social media that a deal between the U.S. and Iran is “now complete,” adding that he has authorized the “free opening” of the Strait of Hormuz and the immediate lifting of related blockades by the U.S. Navy.
NEWS SUMMARY
Eleven Chinese government departments issued a joint guideline to promote the adoption of new-energy heavy-duty trucks.
Ant Group is reportedly testing an AI-powered version of its Alipay app.
The U.S. imposed new export controls that forced AI startup Anthropic to shut down access to its latest AI models.
Global lithium demand is projected to surge 353% between 2024 and 2040, according to the United Nations Conference on Trade and Development.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
