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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.

Forecast for Gold Price: XAU/USD consolidates above $2,000 as investors await initial US S&P PMI data

Daniel Rogers

Apr 21, 2023 13:52

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During the Asian session, the price of gold (XAU / USD) is oscillating above the psychological resistance of $2,000.00. After a gradual increase, the price of gold has leveled off near $2,005.00 as investors await the release of preliminary S&P PMI data for the United States.

 

S&P500 futures have added some gains during the Asian session following three consecutive declines. As a result of Elon Musk's price-cutting frenzy, Tesla's revenue projections were gloomy, which dampened market sentiment. Near 101.77, the US Dollar Index (DXY) has extended its correction. The USD Index has been consolidating in a range between 100.90 and 102.03 for the past several trading sessions. Therefore, a move that exceeds the previously specified limit will be considered decisive.

 

The subdued USD index weighs on US Treasury yields as well. The demand for U.S. government bonds has increased as weekly unemployment claims have increased. The number of individuals claiming unemployment benefits rose to 245K, exceeding the consensus estimate of 240K. This indicated a softening in the labor market and bolstered expectations that the Federal Reserve (Fed) will not raise interest rates after the monetary policy meeting in May.

 

In the future, the publication of the preliminary US S&P PMI data will determine the impact of the Fed's rate hikes on the scope of economic activity. According to projections, the Manufacturing PMI and Services PMI will decline to 49.0 and 51.5, respectively. A preliminary PMI reading that is weaker than anticipated could impact heavily on the U.S. dollar.