That’s a wrap – thank you for reading The Australian Financial Review blog today. Our stories included:

• ‘Is she Indian or black?’ Trump says Harris became a black person recently: The former president also told the National Association of Black Journalists that his choice of Senator J.D. Vance as vice president will not matter to voters.
• After Rex’s failure, here is the answer to Australia’s airline competition problem: It would be in the national interest – and Qantas’ – for the government to create a successful duopoly by biting the bullet on foreign ownership of Virgin Australia.
• How China would work with Future Made in Australia: Chinese economic modernisation encompasses enormous potential for bilateral cooperation in emerging sectors such as green development and the digital economy, said China’s ambassador to Australia.