☕️ Good morning, friends,

A tiny village in Spain has tripled its population overnight.

More than 2,000 Chinese engineers now join the original 1,000 residents of Figueruelas in northern Spain.

Chinese battery manufacturer CATL is investing 4.1 billion euros in a battery plant there.

The mayor is happy about taxes and new jobs, and we are looking forward to Serrano ham jiaozi and tofu tapas. 🥟

P.S. Shall we meet tomorrow at the China Europe International Business School? 🤝

Highlights: JPMorgan is turning more optimistic on Chinese equities and now recommends adding them back to portfolios, citing “attractive” valuations. Supported by reforms, AI adoption and consumer stimulus, the bank expects parts of Asia to deliver double-digit gains through 2026.

TOP BIT

🔥 Hong Kong high-rise disaster: what we know

A major fire in a public housing estate in Hong Kong’s Tai Po district has killed at least 94 people and injured dozens more.

Details

🔥 Scale of the disaster: …