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August 29th – The 2026 China International Big Data Industry Expo is being held in Guiyang, Guizhou. Today, an official from the National Data Administration stated at the expo that the rapid application of big data models across various industries is driving a rapid increase in the volume of word token calls in my country, resulting in explosive market demand. Liu Liehong, Director of the National Data Administration, stated at a word token-themed exchange activity that the stronger the models comprehensive capabilities, the higher the efficiency of word token production, and the better the logic, accuracy, and quality of the output content. Word tokens provide an important benchmark for the measurement, pricing, transaction, and settlement of artificial intelligence services. Currently, the word token industry chain has gathered diverse entities such as computing power leasing companies, model manufacturers, data service providers, and professional technical service institutions, and different types of "word token factories" have evolved in practice.The Iranian government stated that it is committed to resolutely resisting US sanctions, and that diplomacy and defense are "complementary and inseparable."Nepals Finance Minister: Nepal needs $4 billion to $5 billion for disaster reconstruction.August 29th - Although Typhoon Saudel, the 18th typhoon of the year, has weakened into a tropical depression, its impact continues. Currently, the center of the weakened tropical depression is located in Jiangxi Province. Today, parts of northern, central, and southern Jiangxi will experience heavy rain, with some areas experiencing torrential rain. At the same time, winds will increase across the province. The Central Meteorological Observatory continued to issue a yellow alert for heavy rain at 10:00 AM on August 29th: It is expected that from 2:00 PM on August 29th to 2:00 PM on August 30th, parts of northeastern Inner Mongolia, western and northern Heilongjiang, central and northern Anhui, northern Jiangsu, eastern and southern Hunan, western and southern Jiangxi, southwestern Yunnan, northeastern Guangxi, northwestern and southern coastal Guangdong, western Hainan Island, eastern Taiwan Island, and eastern Sichuan Basin will experience heavy to torrential rain. Among these areas, parts of northern Anhui, northern Jiangsu, southern Hunan, and northeastern Guangxi will experience torrential rain, with some areas in southern Hunan experiencing extremely heavy rain (250-270 mm). The aforementioned areas will experience short-term heavy rainfall (maximum hourly rainfall of 20-50 mm, locally exceeding 70 mm), and some areas will experience severe convective weather such as thunderstorms and strong winds.On August 29th, according to "Optics Valley of China," Wuhan Xinxin Semiconductor Manufacturing Co., Ltd. (Wuhan Xinxin) released its "Chip-Optics Plan." Over the next ten years, the company will be strategically guided by "optical sensing interconnection and 3D in-memory computing," building an internationally competitive specialized process wafer manufacturing and 3D integration industrial platform. It aims to create the leading industry cluster in "3D Link-Optoelectronic Fusion-SOI," striving to quadruple its production capacity, drive the coordinated development of a trillion-yuan-level upstream and downstream industrial chain ecosystem, and attract and cultivate over 10,000 high-end semiconductor talents.

Inflation and a possible Chinese quarantine easing keep oil prices constant

Charlie Brooks

Oct 21, 2022 14:09

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On Friday, oil prices remained largely steady as market participants weighed concerns about soaring inflation against optimism for an increase in China's energy demand.


At 00:02 GMT, Brent crude futures declined 5 cents to $92.33 a barrel. Futures on U.S. equities The price per barrel of West Texas Intermediate crude oil increased by 7 cents to $84.58.


Brent was anticipated to increase by 0.7% for the week, while WTI was expected to decrease by 1.3%.


In order to combat inflation, the United States has raised interest rates. Patrick Harker, president of the Federal Reserve Bank of Philadelphia, declared on Thursday that the Federal Reserve is aiming to slow the economy and would continue to raise the short-term interest rate target.


Bloomberg News reported on Thursday that Beijing is considering decreasing the guest quarantine period from 10 to 7 days, citing sources familiar with the matter.


This year, the world's largest importer of petroleum, China, has adhered to strict COVID-19 limitations, which have had a substantial negative impact on business and economic activity, hence cutting gasoline demand.


Recent price hikes can be ascribed to an expected ban on Russian crude and oil products by the European Union, as well as the output cut by the Organization of Petroleum Exporting Countries and its partners, including Russia, known as OPEC+.


OPEC+ agreed to a production cut of 2 million barrels per day at the beginning of October.