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On August 21, 2026, Yue Xiuhu, member of the Party Leadership Group and Vice Chairman of the National Development and Reform Commission (NDRC), chaired a meeting to advance the construction of major national and regional key projects. Representatives from six provinces (autonomous regions and municipalities), including Tianjin, Inner Mongolia, Jiangsu, Zhejiang, Henan, and Guangdong, delivered speeches. The meeting focused on reporting the progress of major national and regional key projects, outlining key tasks for the next stage, and urging all localities to strengthen supervision and implementation, and to accelerate the construction of major projects in a practical and effective manner. Officials from the Investment Department of the NDRC attended the meeting.
Market news: Iraq has sent a minister to Saudi Arabia to discuss OPEC production issues.
August 21st - According to the latest news from the Ministry of Finance, from January to July this year, national general public budget revenue reached 14.37 trillion yuan, a year-on-year increase of 5.8%, with the growth rate increasing by 1.1 percentage points compared to the first half of the year. National general public budget expenditure maintained the necessary intensity, and spending in key areas was well guaranteed. From January to July, national general public budget expenditure reached 16.29 trillion yuan, a year-on-year increase of 1.3%.
The onshore yuan closed at 6.7205 against the US dollar at 16:30 on August 21, up 34 points from the previous trading day.
The UKs preliminary composite PMI for August was 52.5, below the expected 51.6 and the previous reading of 52.2.