EUR/USD
1.17407
-0.058%
Gold
4369.99
0.709%
Oil
57.718
-0.216%
USD/JPY
156.435
0.009%
GBP/USD
1.34605
-0.053%
GBP/JPY
210.574
-0.038%
Real-time News
On December 31st, Huo Lihui, Chief Statistician of the Service Industry Survey Center of the National Bureau of Statistics, interpreted the December 2025 China Purchasing Managers Index (PMI). She stated that in December, the Manufacturing PMI, Non-Manufacturing Business Activity Index, and Composite PMI Output Index were 50.1%, 50.2%, and 50.7% respectively, up 0.9, 0.7, and 1.0 percentage points from the previous month. All three indices rose into expansion territory, indicating an overall recovery in my countrys economic activity. Notably, the Manufacturing PMI reached 50.1%, the first time it had risen into expansion territory since April. Of the 21 industries surveyed, 16 saw an increase in their PMI compared to the previous month, indicating improved production and operations for related enterprises.On December 31, the U.S. Treasury Department announced on December 30 that it had lifted sanctions against Alexandra Briko, former chief financial officer of Sberbank, Russias largest state-owned commercial bank. In February 2022, Russia announced special military action against Ukraine; in April of the same year, the United States announced sanctions against Sberbank and other entities and individuals.On December 31st, a research report from CITIC Securities stated that the digital yuan is upgrading from a "central bank liability" 1.0 model, replacing cash, to a "deposit-based money" 2.0 model, integrated into the commercial bank liability system. Its accounts can accrue interest and are subject to reserve requirements, effectively becoming general deposits. This institutional adjustment helps solidify the stability of bank liabilities and strengthens the transmission efficiency of monetary policy under the reserve and interest rate framework, while significantly enhancing the intrinsic incentive for commercial banks to promote the digital yuan. From an industry perspective, the digital yuan is expected to become an important tool for linking corporate and retail banking, and will provide some substitution for third-party platforms in the payment process. It is anticipated that the focus of banks digital yuan business development will shift from qualifications to capabilities, requiring banks to accelerate the transition from account operations to scenario-based and professional services, seizing the opportunity presented by the increasing penetration rate of the digital yuan.The National Bureau of Statistics reported that the new orders index for December was 47.3%, up 1.6 percentage points from the previous month, indicating a slight recovery in market demand in the non-manufacturing sector. By industry, the new orders index for the construction industry was 47.4%, up 1.3 percentage points from the previous month; the new orders index for the service industry was 47.3%, up 1.7 percentage points from the previous month.The National Bureau of Statistics reported that the production index for December was 51.7%, up 1.7 percentage points from the previous month, indicating that production activities in manufacturing enterprises accelerated.
