BlackRock applies to start selling its first mutual fund product on the Chinese mainland. Yuan boosts its share of global forex reserves to a record high again. The country’s three U.S.-listed EV manufacturers post record sales. Plus, Chinese steel makers estimate a sharp rebound in profits for the first half this year.

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China has achieved the goal of building a moderately prosperous society, President Xi says. The country’s manufacturing sector slows to a three-month low, Caixin data shows. Vanke will give more weight to real estate management and services. Plus, Didi closes its U.S. trading debut up 1%.

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China’s government will buy up pork to support its prices. The country's fresh college graduates shouldn’t be overly worried about unemployment, an economist says. Chinese Tesla rival Xpeng is set to raise $1.8 billion in its Hong Kong listing. Plus, Vicki Zhao's billionaire husband is sued over $25.8 million debt.

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IMF nominates a Chinese central bank official as its next deputy managing director. Online grocer Dingdong Maicai slashes its U.S. IPO target. The share price of the country's biggest EV battery maker soars to all-time highs after it extended a deal with Tesla. Plus, CapitaLand sells its controlling stakes in six China projects to Ping An.

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DBS gets the green light to be the largest shareholder of a Chinese bank. Another financial official is expelled from the Communist Party. Chengdu's new airport begins operations. Foreign investors love the country’s mutual fund market. Plus, an economist who helped map out China’s reforms passes away.

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