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On September 20th, at the 2026 World Manufacturing Convention, Changxin Technology announced the official mass production of its fifth-generation technology platform. According to reports, Changxin Technology has achieved a 11.95nm half-pitch for the active area of the memory array, a 45:1 aspect ratio for the memory capacitor, and a core energy area height reduced to 6762nm. Simultaneously, the fifth-generation process platform has significantly improved memory density, increasing the output per wafer by more than 50% compared to the previous generation platform under the same conditions. 24GB LPDDR5X products built on this platform have entered mass production and are widely used in mainstream flagship smartphones from Chinese manufacturers.September 20th - According to the China Association of Automobile Manufacturers (CAAM), from January to August, the top ten passenger car manufacturers sold a total of 4.014 million vehicles, accounting for 67.9% of total passenger car sales. Among these ten companies, SAIC Motor and Tesla saw varying degrees of sales growth compared to the same period last year, while the sales of the other companies all declined to varying degrees.On September 20th, Orient Securities Research stated that the LPR (Loan Prime Rate) for both maturities remained unchanged in September, largely in line with market expectations. The stable LPR since the beginning of the year reflects the fact that first-half GDP growth reached 4.7%, falling within the annual economic growth target range of 4.5% to 5.0%, with accelerated development in new productivity sectors, represented by high-tech manufacturing. This means that although domestic investment and consumption have weakened since the second quarter, and economic growth momentum has declined somewhat, macroeconomic policies have maintained strong resolve, and monetary policy remains in an observation period. This is the fundamental reason why the LPR remained unchanged in September. We predict that the central bank may implement policy-driven interest rate cuts later, which will lead to a follow-up reduction in the LPR. The Politburo meeting on July 30th emphasized the need to "fully leverage the effectiveness of existing policies, promptly plan and introduce practical and effective incremental policies, and increase counter-cyclical adjustments," and required "comprehensive use and timely adjustment of monetary policy tools." Considering the economic and financial situation and price trends, the possibility of a new round of incremental policies cannot be ruled out.Chinas total electricity consumption in August rose 1.7% year-on-year, unchanged from the previous month.Chinas total electricity consumption in August was 1,033.2 billion kilowatt-hours, compared to 1,040 billion kilowatt-hours in the previous month.

Asian Stocks Rise; China Plans to Relax COVID Measures; However, Concerns Remain

Aria Thomas

May 30, 2022 11:21

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China's relaxing of several COVID-19 restrictive measures and U.S. markets' greatest week since November 2020 before Monday's Memorial Day weekend sent Asia Pacific stocks higher on Monday morning.


The Nikkei 225 gained 2% by 10:24 p.m. ET (2:24 a.m. GMT), while the KOSPI gained 1.27 percent.


The S&P/ASX 200 increased 0.91 percent in Australia.


Hong Kong's Hang Seng Index rose 2.19 percent .


The Shanghai Composite rose 0.55 percent, while the Shenzhen Component rose 0.04 percent.


Both the S&P 500 and Nasdaq 100 contracts were higher, a possible indication that the rebound could continue. As institutional investors rebalance their portfolios in anticipation for the end of the month, the S&P 500 erased its May losses and ended a streak of seven straight weekly losses.


As the European Union (EU) failed to agree on a revised package of Russian sanctions in response to Russia's invasion of Ukraine on February 24, the dollar remained stable while the euro fluctuate. The U.S. holiday prevents the trading of cash Treasuries in Asia.


China recorded fewer cases of COVID-19 in both Beijing and Shanghai, encouraging the government to relax some restrictions in an effort to stimulate the economy.


After one of the worst starts to the year for global markets, the key question for investors is whether the bottom of the recent selloff is near. Investors have been buying the dip. Concerns continue, however, regarding stricter monetary policies from central banks, growing food inflation resulting from the conflict in Ukraine, and China's COVID-19 measures.


Bloomberg quoted Citigroup (NYSE:C) Australia head of investment experts Maheebeen Zaman as saying, "We are in the midst of a bear market rally."


Treasury yields are expected to peak in 2022, according to Zaman. "I believe the market will trade in a narrow range as investors try to determine how soon the next recession will arrive and how rapidly inflation will decline," he added.


As of Wednesday, the Fed will also begin reducing its $8.9 trillion balance sheet and will also print its Beige Book assessment on regional economic conditions. Presidents John Williams of the New York Fed and James Bullard of the St. Louis Fed will both speak at separate events on Wednesday, with President Loretta Mester of the Cleveland Fed discussing the economic outlook the next day.


Friday, the United States will release its May employment report, including non-farm payrolls. Tuesday will see the release of the Eurozone consumer price index, as well as China's manufacturing and non-manufacturing purchasing managers indexes.


Later in the day, EU leaders will convene in Brussels for a two-day extraordinary conference to discuss the war in Ukraine, defense, inflation, energy, and food security. The Food and Agriculture Organization of the United Nations will also release its monthly food price index on Friday, just as global supply concerns reach their peak.

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