Xianglu Tungsten in China getting absolutely smashed. Xianglu is a mid-stream Tungsten player, heavily reliant on external concentrates purchases, and partially on APT purchases as well. They've had to borrow short term loans to fund their purchases. Caught buying stocks at peak while Tungsten prices fell. Net profit dipped from RMB230m to RMB10.5mil. That's the price one pays without having its own concentrates supply. $ELMT was smart to lock in concentrates supplies, but they're also heavily reliant on external purchases. But if Tungsten price falls, ELMT shares a very similar structure with Xianglu Mining.

✨🇨🇳In Xiangyang, Hubei, a 2004-born police trainee helped an elderly woman recover her lost mobile phone. To express her thanks, the woman, along with a group of community volunteers, marched to the police station with gongs, drums, and a large silk banner. During the ceremony, the woman playfully asked the young officer if he had a girlfriend and offered to introduce him to someone, making everyone laugh. The warm interaction shows the close bond between the police and the public in China.

Yu Xiang looks at how Washington is rethinking public investment, manufacturing, and strategic industries—and selectively looking to China’s development experience for lessons.

Hebei Xianghe Villagers Protest Authorities' Construction of Razor-Wire Barrier Wall; Entering Beijing Now Harder Than Leaving the Country (July 20, 2026) On July 20, in Baoshang Village, Anping Town, Xianghe County, Langfang, Hebei Province, authorities replaced what had been temporary barrier panels with a permanent wall topped with razor wire, intending to permanently separate the village from the neighboring Xiaotun Village in Huoxian Town, Tongzhou District, Beijing. The move sparked discontent among villagers, who gathered at the road junction to protest. In recent times, many stretches of the barrier fencing along the Hebei-Beijing border have likewise been replaced with razor-wire walls, to the point that residents living along the Hebei-Beijing boundary now find it harder to enter Beijing than some border villagers find it to leave the country.