Starting from this week, we will start a new season of our Podcast, presenting you the latest business news, trends and topics related to China. In our weekly newsletters, we not only provide you objective information about China but also a fresh new perspective to view China.

 Short version of the newsletter: 
1.     BYD to invest US$620 million for 3 factories in Brazil, to produce affordable vehicles and batteries for local markets

2.     Iran joins Shanghai Cooperation Organisation becoming the ninth full member

3.     On 6th July, China Association of Auto Manufacturers organized 16 Chinese EV makers to sign a pledge to avoid “abnormal pricing” but retracted later due to antitrust law

4.     Chinese authorities announced on 7th July a 7.12 billion yuan ($984 million) fine for Ant Group, marking a key step to concluding a crackdown on the country's internet sector.

5.     China will limit exports of products made from the minor metals of gallium and germanium to protect national security starting from 1st August