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China's state-owned enterprises saw a slight 0.2% decline in revenue in the first half of the year.
Ministry of Finance data showed that from January to June, state-owned enterprises' total operating revenue reached 40.75 trillion yuan, a year-on-year decrease of 0.2%, and their total profits fell by 3.1%, reflecting continued economic pressure.
Trump shortens Russia's ultimatum to 10 days, sending oil prices soaring.
US President Trump stated that if Russia does not reach a peace agreement with Ukraine within 10 days, it will face new US sanctions. As a result, international oil prices rose significantly, with WTI crude oil surging 4% at one point and Brent crude oil breaking through the $70 mark.
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