News Roundup:

Granma: Economic and social transformations could attract more Chinese companies to Cuba. https://www.granma.cu/mundo/2026-07-03/transformaciones-de-apertura-economica-podrian-atraer-mas-empresas-chinas-a-cuba

• Cuba approved 176 economic reforms to expand foreign investment and accelerate economic development.
• The reforms include greater private-sector participation, decentralized foreign trade, and new investment opportunities, including in banking and finance.
• Cuban officials encouraged increased Chinese investment, describing China as a key economic partner, especially as Cuba seeks to offset the effects of U.S. sanctions.
• Cuba stated the reforms are influenced by China's development experience while maintaining the country's socialist system and social guarantees.

Burkina Faso/General Assembly of State-Owned Enterprises: The Head of Government calls for support for reforms undertaken for the benefit of the population

https://www.aib.media/burkina-ag-des-societes-detat-le-chef-du-gouvernement-appelle-a-soutenir-les-reformes-engagees-au-benefice-des-populations/

• The government created six new state-owned enterprises, signaling a larger state role in key sectors of the economy.
• 25 of the country's 28 state-owned enterprises ended 2025 with positive financial results, with overall net earnings up 22% from the previous year.
• State-owned enterprises contributed 680 billion FCFA to the national budget, a 14.2% increase over 2024.

Chinese think tank releases report on US military expansion in Philippines; study reveals how US uses Manila to destabilize region, says expert

https://www.globaltimes.cn/page/202607/1365017.shtml?id=12

• A Chinese think tank released a report arguing that the U.S. has significantly expanded its military presence in the Philippines since 2022, including increasing EDCA sites from five to nine.
• The report claims the U.S. is using the Philippines to strengthen its military posture toward the South China Sea and Taiwan while relying more heavily on regional allies.
• According to the report, the expanded military presence is intended to contain China and shape the regional strategic environment, though it argues the deployments do not fundamentally change the regional balance of power.
• The report says U.S.-funded EDCA base expansion projects total approximately $125 million, alongside increased joint military exercises and deployments of systems such as Typhon and HIMARS.
• The report concludes that the U.S. military expansion is aimed at placing sustained strategic pressure on China during peacetime and increasing regional tensions, rather than fundamentally altering the military balance.

BREAKING NEWS TODAY:

Putin says "full liberation" of Luhansk People's Republic has been completed

https://english.news.cn/europe/20260704/c609a200aba64a088c422db34047ac04/c.html

Full article:

• “MOSCOW, July 3 (Xinhua) -- Russian President Vladimir Putin announced Friday that Russian forces have completed the "full liberation" of the Luhansk People's Republic.
• "I note that units and formations of the combined joint force group are fulfilling their missions in accordance with the operational plan devised by the General Staff of the Armed Forces (of the Russian Federation). The full liberation of the Luhansk People's Republic has been recently completed," Putin said during a meeting held at one of the temporary command posts of the combined joint force group.
• The elimination of Ukrainian military formations continues across the territories of the Donetsk People's Republic, as well as the Zaporizhzhia and Kherson regions, Putin added.”

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