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Caixin/Markit manufacturing index slump hints at downward pressure

CPI growth momentum is weakening and prices may start to decline in the third quarter, according to a China International Capital Corp report. The rising CPI in recent months is mainly driven by a low comparison basis last year, and the low basis effect will fade in August, it said.

CTIA, a US-based industry association of wireless carriers, said that China is best prepared for 5G technology, that major Chinese providers have committed to specific launch dates, and that government has committed to allocate a spectrum for the carriers.

Cal Newport

California receives more highway funds than any other state. It is projected to get more than billion from the Federal Highway Administration between the 2016 and 2020 fiscal years.