Macro Dynamics - The Chinese Ministry of Commerce expressed strong opposition to Canada's new steel import restrictions, which include additional tariffs on products containing Chinese steel components, stating that such unilateral measures violate WTO rules and disrupt international trade [1][2] - The Chinese government urged Canada to correct its actions and stop the restrictive measures, emphasizing the need to protect the legitimate rights and interests of Chinese enterprises [2] Industry Development - The National Development and Reform Commission (NDRC) emphasized the importance of preventing inefficient and redundant construction in the low-altitude industry, advocating for a healthy and orderly development of the low-altitude economy [3] - The NDRC called for a focus on local conditions to promote new industries and models, while ensuring safety and regulatory compliance in low-altitude operations [3] Economic Data - Guangdong Province reported a GDP of 68,725.40 billion yuan for the first half of the year, with a year-on-year growth of 4.2%. The primary industry grew by 4.2%, the secondary industry by 3.4%, and the tertiary industry by 4.6% [4] - Fixed asset investment in Guangdong decreased by 9.7% year-on-year during the same period [4] Market Performance - On July 18, the A-share market saw all major indices rise, with the Shanghai Composite Index up by 0.5% and the Shenzhen Component Index up by 0.37%. The total trading volume reached approximately 15,710.55 billion yuan [7] - In the Hong Kong market, the Hang Seng Index increased by 1.33%, driven by strong performances in innovative drug concepts and AI application stocks [9] Company News - Yunhai Yao, a catering company, was fined 7,000 Singapore dollars due to a food poisoning incident involving ByteDance employees, and the company has permanently shut down its corporate meal service [10] - Douyin denied plans to launch a food delivery service, stating its focus remains on in-store services [11] - Guo Baichun, chairman of Yaqi International, was detained for alleged embezzlement and abuse of power, but the company confirmed that its operations remain normal and unaffected [12][13] - Tencent's Yuanbao has integrated with QQ Music, allowing users to play music directly through the app [14]