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Real-time News
On July 7th, two economists from Goldman Sachs Research stated that Thailands inflation is expected to remain under control, referring to Mondays CPI data. The economists said, "The overall CPI increase in June unexpectedly fell short of expectations. Although the core CPI increase was higher than Goldman Sachs expectations, we believe this should not be a major concern at this stage." They added, "Forward-looking surveys showed that corporate output price expectations eased somewhat in June, suggesting limited evidence of persistent underlying price pressures." Goldman Sachs continues to expect the Bank of Thailand to maintain its policy rate at 1.00% until the end of 2026.Hong Kong stocks continued to rise, with the Hang Seng Tech Index up 2% and the Hang Seng Index up 0.7%. Chip stocks rebounded, with Hua Hong Grace (01347.HK) rising nearly 5%.July 7 – The World Bank released its latest China Economic Brief in Beijing on July 7. The report states that despite facing strong supply and weak demand, as well as global energy supply shocks, Chinas economic growth has remained generally resilient. The report projects Chinas economy to grow by 4.4% in 2026, unchanged from the previous brief released in December last year.July 7 – Japanese Economy, Trade and Industry Minister Minoru Jonouchi stated that media reports claiming the government of Prime Minister Sanae Takaichi was attempting to lower interest rates were completely inaccurate. At a regular press conference in Tokyo on Tuesday, Jonouchi said, “Reports that the government is encouraging low interest rates as part of its fiscal expansion policy are baseless. If our intentions have not been accurately conveyed, we will work harder to improve understanding.” Jonouchi’s remarks come as financial markets closely watch how Takaichi will implement her economic strategy through large-scale investment without exacerbating the already heavy debt burden. Last month, Jonouchi represented the Japanese government at a Bank of Japan board meeting, where policymakers raised the benchmark interest rate to 1%, the highest level in 31 years.July 7th - It was learned today that the State Administration for Market Regulation has decided to conduct a centralized review of national metrological technical specifications from July to September. Through periodic reviews and dynamic monitoring, the review aims to promote the upgrading and optimization of metrological technical specifications. The centralized review covers currently effective national metrological technical specifications, focusing on issues such as outdated specifications, lagging content, and insufficient adaptability. It will conduct a thorough review from four dimensions: legality and compliance, scientific validity, applicability, and coordination. The review will benchmark against domestic regulations and standards and advanced international metrological technologies to comprehensively identify shortcomings and weaknesses in the system. Participating units are encouraged to submit optimization suggestions, and exemplary national metrological technical specifications will be selected to guide improvements in the quality and supply capacity of metrological technical specifications.
