EUR/USD
1.14512
-0.107%
Gold
4301.75
-0.960%
Oil
92.732
1.196%
USD/JPY
157.711
0.223%
GBP/USD
1.33603
-0.046%
GBP/JPY
210.713
0.174%
Real-time News
On September 22nd, RSM UK analyst Thomas Pugh stated that UK net public borrowing in August rose sharply compared to the same period last year, meaning the upcoming budget will be more challenging than anticipated by new Prime Minister Andy Burnham or Chancellor of the Exchequer John Healy when they took office months ago. A new round of tax increases seems inevitable in October. Cumulative borrowing so far this fiscal year has reached £77.3 billion, far exceeding the £69.2 billion previously predicted by the budget oversight body, the OBR. Given rising inflation and the potential for increased spending in the budget, borrowing is expected to continue to significantly exceed expectations. However, with UK government bond yields high, investors are closely watching every borrowing figure for clues about the governments seriousness regarding fiscal discipline.September 22 – Foreign Ministry Spokesperson Guo Jiakun held a regular press conference on September 22. A CCTV reporter asked: The spokesperson just announced that Vice President Han Zheng will attend the 81st session of the UN General Assembly general debate. What are Chinas expectations for this visit? Guo Jiakun stated that the United Nations is the core platform for global governance, and the General Assembly general debate is an important opportunity for countries to build political consensus and coordinate multilateral actions. This year marks the 55th anniversary of the restoration of the Peoples Republic of Chinas legitimate seat in the United Nations. During his attendance, Vice President Han Zheng will comprehensively explain Chinas views and propositions on the current international situation, major international and regional issues, and the work of the United Nations. He will also introduce Chinas powerful actions in practicing genuine multilateralism and promoting world peace and development, promote the international community to revitalize the authority and role of the United Nations, gather greater synergy for reforming and improving global governance, and work together towards the right direction of building a community with a shared future for mankind.On September 22, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. Guo stated that the China-ASEAN Expo is a "golden name card" for cooperation between the two sides. Over the past 23 years, the Expo has witnessed the upgrading and leap of China-ASEAN relations from the "golden years" to the "diamond decade" and now to the Free Trade Area 3.0. Guo introduced that this years Expo features an ASEAN countries needs exhibition area for the first time and releases a list of ASEAN countries needs for the first time, promoting precise matching of supply and demand through a new model of "ASEAN posing questions, China solving them." This years Expo also features a dedicated Pinglu Canal exhibition area. Once the canal is open to navigation, it will significantly shorten the sea distance between southwest China and ASEAN countries, opening a new channel for bilateral trade. "China is willing to work with ASEAN countries to implement the Free Trade Area 3.0 and jointly build a closer China-ASEAN community with a shared future," Guo said.On September 22, the Guangdong Provincial Department of Transportation announced that highway tolls will not be waived during the 2026 Mid-Autumn Festival holiday (September 25-27, a total of 3 days). Highway traffic is expected to remain high, primarily driven by family reunions and short-distance road trips. Overall traffic volume across the province is expected to increase slightly, with a high proportion of small passenger vehicles. The average daily traffic volume during the 2026 Mid-Autumn Festival holiday is estimated at approximately 8.277 million vehicles, with the peak traffic expected on September 25. The average daily traffic volume on cross-sea and cross-river channels (Pearl River Huangpu Bridge, Nansha Bridge, Humen Bridge, Shenzhen-Zhongshan Bridge, Hong Kong-Zhuhai-Macau Bridge, and Huangmaohai Cross-Sea Channel) is estimated at approximately 607,000 vehicles, with the Hong Kong-Zhuhai-Macau Bridge averaging approximately 18,000 vehicles per day and the Shenzhen-Zhongshan Bridge averaging approximately 134,000 vehicles per day.On September 22, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. A reporter asked about the impact of US sanctions against Iran. Guo Jia-kun stated that China has consistently opposed illegal unilateral sanctions without a basis in international law or authorization from the UN Security Council.
