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On August 31st, at the 2nd China Space Intelligence Conference (ChinaSI2026) on August 29th, Hesai-W (02525.HK), a physics AI infrastructure platform company, and InSpatio, a leading company in 3D native world models, officially announced a strategic partnership. The two companies will focus on two main themes: "high-quality real-world spatial data supply + open-source 3D native world models," connecting the entire chain from 3D perception and real-world reconstruction to dynamic world modeling and interactive simulation, jointly building a new open ecosystem for space intelligence.On August 31, 2026, Wang Huning, Chairman of the National Committee of the Chinese Peoples Political Consultative Conference (CPPCC), met with Austrian National Council Speaker Rosenkranz in Beijing. Wang Huning stated that in 2018, President Xi Jinping and President Van der Bellen, during his visit to China, jointly established the China-Austria friendly strategic partnership, opening a new chapter in bilateral relations. Both sides should take the 55th anniversary of the establishment of diplomatic relations as an opportunity to implement the important consensus reached by the leaders of the two countries, maintain close high-level exchanges, consolidate political mutual trust, deepen pragmatic cooperation, strengthen people-to-people exchanges, and better benefit the people of both countries. The CPPCC is willing to strengthen friendly exchanges with Austria and contribute to deepening China-Austria relations. Rosenkranz stated that both Austria and China have long histories and cultures. Over the 55 years since the establishment of diplomatic relations, both sides have adhered to equality, and the friendship between the two countries has continued to deepen. In recent years, high-level exchanges between Austria and China have been frequent, which is a positive signal for the in-depth development of bilateral relations. Austria adheres to the one-China policy and is willing to strengthen pragmatic cooperation to promote new developments in the Austria-China friendly strategic partnership.On August 31, Premier Li Qiang chaired an executive meeting of the State Council. The meeting emphasized the need to adhere to the principle of putting people and their lives first, to strengthen responsibility and proactively assume duties, enhance coordination and pool resources to ensure the effective implementation of key tasks such as disaster relief and emergency response. The meeting stressed the importance of continuing all-out efforts to search for missing persons, scientifically and dynamically optimizing search and rescue plans, and coordinating the use of all available rescue forces. It also emphasized the need to strictly prevent secondary disasters, strengthen monitoring and early warning systems, and ensure the safety of rescue personnel. Furthermore, it stressed the importance of meticulous handling of the aftermath, strengthening humanitarian care for the families of the deceased and missing, and implementing appropriate compensation and relief measures. The meeting also called for active international coordination and cooperation, timely release of authoritative information, and responses to public concerns. Finally, the meeting emphasized the need to learn from this experience, strengthen the investigation and rectification of various risks and hidden dangers, further improve emergency management capabilities, and effectively safeguard the lives and property of the people and maintain social stability.On August 31st, the China Index Academy released its latest report, "Analysis of Sales Performance of Chinese Real Estate Enterprises from January to August 2026." The report states that from January to August 2026, the total sales of 100 real estate enterprises reached 2,017.59 billion yuan, a year-on-year decrease of 0.3 percentage points compared to the period from January to July. The real estate market remains in a slow season, with only core cities showing some support due to the entry of high-quality projects. The sales performance of key real estate enterprises saw a slight increase in decline. Specifically, from January to August 2026, there were 5 real estate enterprises with sales exceeding 100 billion yuan, the same as the same period last year; and 40 real estate enterprises with sales exceeding 10 billion yuan, a decrease of 13 compared to the same period last year.On August 31, Li Qiang chaired an executive meeting of the State Council, which reviewed and approved the "Draft Amendments to the Implementation Regulations of the Audit Law of the Peoples Republic of China." The meeting pointed out that this revision of the regulations should be used as an opportunity to further deepen audit reform, strengthen accountability for audit rectification, and continuously improve the effectiveness of audit supervision.

AUD/JPY Exceeds 90.30 As RBA Considers Option To Raise Rates Prior To Pause

Daniel Rogers

Apr 18, 2023 14:02

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Following the release of the minutes from the Reserve Bank of Australia (RBA), the AUD/JPY pair surged above the 90.30-point critical resistance level. According to the RBA minutes, policymakers actively considered the decision to raise rates further. However, the decision to maintain the status quo was made after the collection of additional data.

 

Citing the resilience of Australia's financial system, RBA policymakers believed that the Board's future cash rate decisions would depend on the global economy, household spending trends, inflation projections, and employment forecasts.

 

Continue to monitor China's Gross Domestic Product (GDP) statistics. Compared to its stagnant performance in the final quarter of CY2022, the Chinese economy is estimated to have grown by 2.2%. Compared to the previous annual growth rate of 2.9%, the current annual growth rate for the economy is 4.0%. Australia is China's greatest trading partner, and stronger Chinese GDP data would strengthen the Australian Dollar.

 

The announcement of the People's Bank of China (PBOC) interest rate decision later this week will be crucial. Last week, the People's Bank of China pledged to provide additional monetary support to spur retail demand. Despite the reopening of China's economy following a period of economic restraint, the country's inflation rate has been consistently declining over the past few months.

 

According to Jiji news and Reuters, the Bank of Japan is reportedly considering a projection for consumer price growth between 1.6% and 1.9% for the 2025 fiscal year, a move seen as preventing market participants from betting on the central bank's departure from stimulus. This has also delayed the possibility of a shift away from an expansionary monetary policy, which cannot be considered until the Japanese inflation rate persists above 2%.