1. The right to buy economical houses will be determined by lottery
2. Beijing faces summer electric power supply crisis
3. Donald Tsang takes oath as Hong Kong Chief Executive
4. CNOOC (China National Offshore Oil Corporation) wants to acquire Unocal in North America
5. More than 40 million Chinese in 22 provinces suffer because of flooding
The pictured front page is from Beijing Morning Post. It features a photo of an Unocal factory.