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On September 18th, the State Administration for Market Regulation (SAMR) strengthened its systematic approach and focused on promoting the formulation of a batch of national standards for core quantum devices. Among these, two new national standards were released: the "Technical Specification for Quantum Compressed Light Source" and the "Performance Testing Method for Periodically Polarized Lithium Niobate Quantum Frequency Conversion Devices." Four new national standard projects were initiated: the "Technical Specification for Continuous Variable Optical Quantum Entanglement Source in Quantum Technology," the "Performance Requirements and Testing Methods for Diamond Nitrogen-Vacancy Color Center Materials for Power Measurement," and the "Performance Characterization and Measurement Methods for Solid-State Spin Quantum Magnetometers in Quantum Measurement." Several other standards under development, including the "Performance Characterization and Measurement Methods for Two-Photon Polarized Entanglement Source in Quantum Technology" and the "Performance Characterization and Measurement Methods for Ultra-High Reflectivity Optical Thin Films in Quantum Technology," are progressing steadily, accelerating the construction and improvement of my countrys national standard system for quantum technology. Going forward, the SAMR (National Standardization Administration) will continue to accelerate the development of national standards for two-photon polarized entanglement sources and ultra-high reflectivity optical thin films, gradually improving the standard chain for core quantum devices and key equipment, and continuously strengthening the engineering and technical standard foundation for the quantum industry.On September 18, at the Huawei Connect 2026 conference, Zhou Yuefeng, Director of Huawei and CEO of Huawei Cloud, announced that the Lingqu Ascend 950 intelligent computing cluster cloud service will be commercially available in the domestic market on September 30 and in the global market on November 30.On September 18th, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan." An official from the Ministry of Housing and Urban-Rural Development stated that the key to improving peoples living standards is building "good houses." What kind of good houses should be built? Safe, comfortable, green, and smart. How to build good houses? Promote the entire chain and the entire life cycle from good standards, good design, good materials, good construction, and good operation and maintenance. What are good standards? We believe that standards that the people consider good are good standards. The official stated that they have carefully listened to the publics opinions on improving living conditions and have raised housing quality requirements in 14 aspects.On September 18, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan". Chen Shaowang, spokesperson and vice minister of the Ministry of Housing and Urban-Rural Development, said at the conference that the 15th Five-Year Plan period aims to achieve five goals: significant progress in the construction of modern peoples cities, a new improvement in the living standards of the people, remarkable results in the upgrading of the construction industry, a significant enhancement of global influence in the field of human settlements, and a comprehensive consolidation of the foundation for high-quality development.According to data from the National Bureau of Statistics, Chinas aluminum production in August 2026 was 5.609 million tons, a year-on-year decrease of 0.3%; the cumulative production from January to August was 43.285 million tons, a year-on-year decrease of 1.6%. Looking at the provincial data, Shandong ranked first with a production of 9.3153 million tons from January to August, followed by Henan with 8.0752 million tons, and Guangdong with 3.1162 million tons.

Under the international gold price, support is at $1750

Oct 26, 2021 11:02

On Wednesday (October 13), international gold prices strengthened, but the increase was modest. Investors are waiting for US inflation data and the minutes of the Fed’s September policy meeting to find clues as to when the central bank will begin withdrawing its massive stimulus measures. The price of gold remains bearish in the short-term, with support at $1750 below.

At GMT+8 13:39, spot gold rose by 0.12% to US$1762.11 per ounce; the main COMEX gold contract rose by 0.17% to US$1762.3 per ounce; the US dollar index fell by 0.16% to 94.366.


Three Fed policymakers said on Tuesday (October 12) that the economy has recovered enough for the central bank to begin withdrawing support policies during the crisis. This strengthens the Fed’s expectation that the Fed will start reducing monthly bond purchases as soon as next month. Central bank cuts in stimulus measures and interest rate hikes tend to push up government bond yields and increase the opportunity cost of holding gold.

The number of job vacancies in the United States decreased in August, but still exceeded 10 million, which is a very high level. Due to the tight labor supply, the number of voluntary resignations surged to a record high in August, hindering employment growth.

White House officials warned that during this Christmas period, Americans may face rising prices and empty shelves. Officials are currently busy alleviating the global supply bottleneck that has plagued US ports, roads and railroads.

On the daily chart, the price of gold has started a three-wave downward trend from US$1,781, and the support below looks to the 38.2% target of US$1738. Wave 3 is a sub-wave of the downward (3) wave that started at $1834. (3) Lang's 61.8% target is at $1688. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD. The ((Y)) wave belongs to the adjusted IV wave that started at $2,075.

On the hourly chart, the price of gold has started a downward wave ((iii)) trend from US$1769. It is expected to fall below the 38.2% target of US$1757, and further drop the 50% target of US$1750. ((iii)) Wave is a sub-wave of Wave 3.

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