EUR/USD
1.15118
-0.140%
Gold
4076.54
-0.659%
Oil
80.816
-2.217%
USD/JPY
160.615
0.694%
GBP/USD
1.34518
-0.100%
GBP/JPY
216.060
0.604%
Real-time News
On July 31st, the National Development and Reform Commission (NDRC) held its July press conference. An NDRC spokesperson stated that to accelerate the planning and construction of the "six networks," the NDRC, together with relevant departments and local governments, has precisely formulated specific plans or implementation schemes for each network, striving to quickly generate tangible results. Next, the NDRC will work with relevant parties to emphasize multi-network synergy, hardware and software synergy, and scenario synergy, expediting the refinement and implementation of specific plans and accelerating construction according to local conditions and industry needs. Jiang Yi, Director of the Policy Research Office and spokesperson for the NDRC, introduced that during the 15th Five-Year Plan period, the planned investment in new power grids exceeds 5 trillion yuan. Through innovation in power grid architecture, transmission and energy storage technologies, and power supply services, it aims to better meet electricity demand and the consumption of new energy sources, and enhance the ability to respond to natural disasters and recover quickly. During the 15th Five-Year Plan period, the planned investment in underground pipeline networks is approximately 5 trillion yuan, which will accelerate the improvement of weaknesses in gas, water supply and drainage, and heating, enhancing the safety and resilience of urban infrastructure and the quality of life for the people.On July 31, Jiang Yi, Director of the Policy Research Office and Spokesperson of the National Development and Reform Commission, stated at a press conference that it is necessary to strengthen the monitoring and prevention of artificial intelligence risks, establish and improve the technology monitoring, risk warning, and emergency response system, adhere to the principle that the development of artificial intelligence should be led by people, used by people, and for the benefit of people, and actively respond to the impact of artificial intelligence on economic operation, employment distribution, and other aspects.On July 31, Jiang Yi, Director of the Policy Research Office and Spokesperson of the National Development and Reform Commission (NDRC), stated at a press conference that my countrys independent innovation in artificial intelligence (AI) accelerated in the first half of the year, achieving breakthroughs across the entire industry chain and multiple links. Domestic companies such as DeepMind and Lunar Dark Side released open-source large-scale models with parameters reaching trillions, and the global downloads of domestically developed large-scale models exceeded 10 billion. Going forward, the NDRC will coordinate high-quality development and high-level security to ensure that AI, like a thoroughbred horse, runs both fast and steadily. First, it will accelerate independent innovation, focusing on cutting-edge areas such as the basic theory, training, inference efficiency, multimodal development, and intelligent agents of large-scale models, strengthening basic research and technological innovation. Second, it will emphasize application, accelerating the construction of national AI application pilot bases. Third, it will deepen the ecosystem, vigorously cultivate AI-derived enterprises, and focus on maintaining a dynamic balance between development and security, accelerating the legislative process for an AI law.The yen erased more than half of its gains against the dollar following overnight intervention.On July 31, Zhou Hongwei, Deputy Director of the Department of National Economic Comprehensive Affairs of the National Development and Reform Commission, stated that in terms of quantity, my countrys role as a global economic stabilizing anchor has become increasingly prominent. First, the economic scale has maintained stable growth. In the first half of the year, Chinas GDP grew by 4.7% year-on-year, continuing to rank among the top major economies, with an increase of 3.6 trillion yuan. Recently, while the International Monetary Fund and the World Bank lowered their global economic growth forecasts for this year, they raised their forecasts for my country by 0.2 percentage points, demonstrating the international communitys confidence in my countrys economic development. Second, the economic trend has steadily recovered. While major indicators declined somewhat in April due to external shocks and other temporary disruptions, they rebounded in May and June, with both supply and demand indicators showing improvement. Third, employment and peoples livelihoods have been effectively protected. In the first half of the year, the average urban surveyed unemployment rate was 5.2%, and 6.95 million new jobs were created, both meeting the annual targets.
