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On September 15th, the Dongguan Municipal Development and Reform Bureau and other departments jointly issued the "Several Measures to Support the High-Quality Development of the Low-Altitude Economy in Dongguan." The measures mention accelerating the expansion of low-altitude equipment manufacturing. They promote the implementation of complete aircraft R&D, manufacturing, and operation projects, and vigorously cultivate and introduce companies that develop low-altitude core components and key equipment. The city will focus on key areas such as fixed-wing aircraft, helicopters, new energy drones, flying cars, and eVTOL complete aircraft, as well as key equipment, core components, material development, energy and power systems, flight control systems, heavy-duty payloads, and drone countermeasures. Support will be provided for the development of R&D, manufacturing, and operation projects in the city. For complete aircraft projects and component projects with construction investments (excluding land prices) exceeding 100 million yuan and 50 million yuan, respectively, a one-time subsidy of 10% of the actual project investment will be provided, with a maximum cumulative subsidy of 10 million yuan per enterprise.On September 15th, the Dongguan Municipal Development and Reform Bureau and other departments jointly issued the "Several Measures to Support the High-Quality Development of the Low-Altitude Economy in Dongguan." The measures mention the creation of low-altitude demonstration transportation routes and support for the expansion of drone logistics applications. A one-time subsidy of 150,000 yuan, 300,000 yuan, and 500,000 yuan will be provided for each intra-city route, inter-city route, and Dongguan-Hong Kong cross-border route (with at least one starting or ending point in Dongguan, a distance of at least 10 kilometers, and at least 100 flights per year), respectively.On September 15th, the Dongguan Municipal Development and Reform Bureau and other departments jointly issued the "Several Measures to Support the High-Quality Development of the Low-Altitude Economy in Dongguan." The measures mention support for the construction of low-altitude takeoff and landing infrastructure. They support private investment in new general airports, providing subsidies of 10% of the actual construction investment after completion, with a maximum subsidy of 5 million yuan per project. They also accelerate the construction of supporting ground facilities for helicopters, eVTOLs, and unmanned aerial vehicles. Subsidies of 10% of the actual construction investment after completion will be provided for new or expanded low-altitude takeoff and landing infrastructure with private investment. For small takeoff and landing sites and intelligent takeoff and landing kiosks, subsidies will be provided up to 100,000 yuan per project, with an annual maximum of 3 million yuan per enterprise. For medium- and large-scale takeoff and landing sites, eVTOL landing sites, helicopter landing platforms, and test sites (which must have been in operation for at least one year), subsidies will be provided up to 2 million yuan per project, with an annual maximum of 5 million yuan per enterprise.Hesai (HSAI.O) U.S. stock price rose more than 6% in the night trading. The company signed a lidar order worth more than US$40 million with a Robotaxi company.September 15th news: On September 15th, Counterpoint released data showing that in Q2 2025, global smartphone shipments increased by 3% year-on-year, achieving the second consecutive quarter of growth. The growth momentum mainly comes from the strong demand for high-end models in markets such as North America, Japan and Europe, while emerging markets have gained strong growth momentum in entry-level and low-priced 5G models. Samsung ranks first in the world with a market share of 20%, a year-on-year increase of 7%. Its growth is mainly driven by the renewal of the mid-range Galaxy A series, strong performance in key markets, and the continued popularity of foldable screen devices and AI functions. Apple ranked second with a market share of 17%, a year-on-year increase of 11%. Its growth was due to strong demand for iPhone 16, early purchases in anticipation of tariffs in the North American market, and solid performance in India and Japan. Xiaomi maintained its third place with a market share of 14%, with overall growth stable.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

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The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.