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The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 10:00 a.m. on Wednesday, September 23, 2026. Du Jiangfeng, Vice Minister of Education, and Wang Guangyan, Spokesperson and Vice Minister of Education, will introduce the implementation of the 15th Five-Year Plan and the relevant situation of accelerating the construction of a strong education nation, and answer questions from reporters.On September 21st, officials from the Shandong Provincial Department of Finance and other departments interpreted the "Several Measures on Promoting Domestic Demand through Fiscal and Financial Coordination." Stabilizing expectations is a crucial guarantee for expanding domestic demand and stabilizing growth. The "Several Measures" address this from three dimensions: reducing costs, increasing investment, and optimizing the environment, to further boost market confidence. Regarding cost reduction, efforts are focused on both personal consumption and corporate financing, using methods such as loan interest subsidies to enhance consumption and investment willingness. For example, the implementation of personal consumption loan interest subsidies is optimized, providing a 1 percentage point subsidy for loans used by residents for consumption, with an individual receiving up to 5,000 yuan in government subsidies per year from one bank. Regarding increased investment, the role of investment funds is leveraged to guide and drive social capital to participate in new consumption areas such as digital and green technologies through market-oriented means, supporting the development of long-term consumption industries through "long-term capital" and "patient capital" investment. Regarding environmental optimization, the "financial chain leader" mechanism for 19 landmark industrial chains is deepened, special quotas for relending and rediscounting are allocated, "accelerating financial access to the grassroots" is promoted, and actions such as "direct financial connections for private enterprises to solve problems" are carried out to promote a virtuous cycle of consumption and investment, and supply and demand.September 21 - XtalPi Technology announced today that its scientific intelligence platform, XtalPi Science, has completed a major product upgrade, officially launching over 80 proprietary scientific skills and tools, and further expanding the scope of invited testing.On September 21, five departments, including the Ministry of Industry and Information Technology, jointly issued the "Notice on Organizing the Recommendation of National Green Computing Facilities in 2026," outlining the specific requirements and procedures for the recommendation process and releasing the "Evaluation Index System for National Green Computing Facilities in 2026." The new index system covers four aspects: energy utilization level, carbon emission management level, water resource utilization level, and computing resource utilization level. In terms of evaluation content, it newly incorporates indicators such as unit computing power energy efficiency, carbon utilization efficiency, digital carbon management, and product carbon footprint, further emphasizing energy efficiency and carbon efficiency leadership. Regarding scoring, it increases the scores for key indicators such as carbon utilization efficiency, water resource utilization efficiency, renewable energy electricity ratio, and rack resource utilization level, further emphasizing the overall requirements of green, low-carbon, intensive, and circular development.September 21 – The State Council Information Office held a press conference today on the theme of "Starting the 15th Five-Year Plan," introducing the relevant situation regarding safeguarding and managing the "national granary" and ensuring national food security. A relevant official from the National Food and Strategic Reserves Administration stated that during the 15th Five-Year Plan period, my country will further implement the high-quality grain project, continuously improve the quality and efficiency of the grain industrys development, and the grain industry is expected to achieve an annual total industrial output value of over 4.5 trillion yuan, better meeting the peoples needs as they transition from "having enough to eat" to "eating well" and "eating nutritious and healthy food."

Before the US NFP, the USD/JPY is likely to decrease to roughly 132.00

Alina Haynes

Aug 05, 2022 14:49

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The difficulties that the USD/JPY pair met around 133.00 during the Asian session are now in full force. As investors predict a disappointing result from the US Nonfarm Payrolls (NFP) data, the asset has printed a low of 132.77 and is projected to decrease further to about 132.00.

 

JP Morgan experts projected that the US Nonfarm Payrolls (NFP) will be poorer than expected at 200K in the July labor market statistics, compared to the consensus expectation of 250k jobs gained in the month. The US economy produced 372k new jobs in the labor market in June. The labor market is under great pressure as a result of data showing a continued fall in job creation. The unemployment rate, though, will be constant at 3.6 percent.

 

Increased labor market dangers are a result of rising interest rates and their compounding impacts. Due to pricey dollars, business players are unable to invest without reluctance. Low investment possibilities cannot thus speed the process of creating jobs.

 

Despite the Federal Reserve (Fed) policymakers' enhanced interest rate ambitions, the US dollar index (DXY) has thrown up the support of 106.00. According to Cleveland Fed President Loretta J. Mester, ending the policy tightening program without detecting a decline in the inflation rate for several months is not conceivable at interest rates above 4 percent .

 

Tokyo's entire household expenditure has dramatically climbed from the previous report of -0.5 percent and the predictions of 1.5 percent to 3.5 percent. As an inflation indicator, the economic data may aid the yen bulls. The economic data have greatly improved, which means that the inflation rate may climb much further. The findings may, however, be largely impacted by growing energy expenditures. However, a hike in the labor cost index is shortly to come in order to keep the inflation rate over 2 percent.


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