Shanghai Offshore Debt Push: Shanghai is considering subsidies to lure foreign and high-profile issuers back to its long-dormant offshore bond market, with rebates for advisory, legal and banking fees up to 2.2 million yuan per issue, aiming to turn the free-trade-zone channel into a global funding hub. Property Outlook: Shui On Land’s chairman said China’s residential property market is “very close to the bottom,” citing policy support and stabilizing prices in first-tier cities, especially Shanghai. AI Training Infrastructure: A new report says China has put more than 70 embodied AI training centers into operation across 18 regions, with dozens more planned, targeting real-world industrial scenarios like logistics and manufacturing. Semiconductors & Data Centers: Marvell reported record fiscal Q2 revenue, driven by strong AI-related data center demand, and raised its outlook for fiscal 2027 and 2028. Industrial Exports: China shipped its first domestically developed F-class heavy-duty gas turbine for overseas use to Kazakhstan, signaling progress in high-end power equipment exports. Tech & Connectivity: China’s 5G subscriptions hit 1.3 billion (70.5% of mobile totals) and 5G base stations reached 5.15 million by end-July. Trade & Logistics: Air China Cargo expanded digital booking via cargo.one, starting with routes into major Chinese gateways. Disaster Watch: Flood rescue along the China-Nepal border faces more rain over the next three days, with 1,400+ still missing across both sides.