CXMT IPO; Taxing offshore assets; Fang Xinghai; US-China; AI; Lula supports China-Mercosur deal

The July Politburo meeting should happen this week, and should include as part of its agenda “analyzing and studying the current economic situation, and deploying economic work for the second half of the year 分析研究当前经济形势”. The 2025 July meeting was on Wednesday, July 30th, and also announced the date for the Fourth Plenum. And then on or around August 1 the top leaders will disappear from public…