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On June 17, 2026, the State Council Information Office held a press conference on the white paper "Building a More Just and Reasonable Global Governance System: Chinas Concepts, Initiatives and Actions." Zhou Haibing, Vice Chairman of the National Development and Reform Commission, stated at the conference that artificial intelligence (AI) governance is crucial to the fate of all humanity and is a common challenge facing all countries. China, upholding multilateralism and the principles of openness and inclusiveness, actively promotes global governance and international cooperation in AI, continuously contributing Chinese solutions to global development in the intelligent era. Zhou Haibing stated that in the next step, China will adhere to the principle of balancing development and security, actively practice multilateralism, uphold the concept of "people-centered and AI for good," and promote the development of AI in a beneficial, safe, and equitable direction. At the same time, China will fulfill its responsibilities as a major power, manage risks, strengthen prevention, explore cooperation in AI regulatory oversight, and jointly prevent AI security risks.June 17th - According to sources, Topzhu Technologys cumulative sales of consumer-grade 3D printers in China have exceeded one million units since 2022, as of June this year. (Note: By 2025, Topzhu Technology aims to become the first company in Chinas 3D printing industry to achieve annual revenue exceeding 10 billion yuan, with global shipments surpassing one million units.)June 17th - According to Tencent CodeBuddy, Tencent WorkBuddy, as well as the entire CodeBuddy IDE, plugins, and CLI product line, now have GLM-5.2 built-in, providing comprehensive assistance for handling all scenarios such as large-scale project refactoring, ultra-long-chain independent development, and complex system design.According to the official measurement of the China Earthquake Networks Center, a 3.2-magnitude earthquake occurred at 11:25 on June 17 in Haixi Prefecture, Qinghai Province (37.84 degrees north latitude, 95.53 degrees east longitude), with a focal depth of 10 kilometers.Australian mining company Orica: is increasing its investment in copper and gold.

WTI advances toward $75.00 as China-related demand optimism offsets recession fears

Daniel Rogers

Jan 09, 2023 11:55

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In the early hours of Monday, WTI steadily climbs near the intraday high of $74.70 as bullish emotion competes with economic slowdown worries. Despite this, the weaker US Dollar and a light schedule allow buyers of black gold to maintain control following Friday's mixed performance.

 

In spite of this, the risk profile remains elevated in light of China's reopening of its borders after a three-year closure. On the same line, Guo Shuqing, party secretary of the People's Bank of China, made his remarks (PBOC).

 

Reuters, transmitting China unlock news, claimed that "about 2 billion journeys are anticipated this season, roughly doubling the volume of previous year, and recovering to 70% of 2019 levels," citing a statement from the Chinese government.

 

On the other side, PBOC's Shuqing stated, "The world's second-largest economy is likely to recover rapidly due to the country's optimal Covid-19 response and the continued implementation of its economic policies."

 

The US Dollar Index (DXY) fell the most in three weeks the day before, down 0.20% intraday to 103.70 as of press time, as the US employment report failed to excite greenback purchasers and the US activity numbers stoked fears of an economic slowdown. It's worth mentioning that the previous day's disappointing US wage growth, ISM Services PMI, and Factory Orders weighed on Treasury bond yields and the DXY.

 

On a different page, reports regarding a delay in the restoration of the colonial pipeline and the Russia-Ukraine conflict appear to also benefit energy buyers. Traders fear additional rate hikes ahead of the release of the Consumer Price Index (CPI) for December from China and the United States on Wednesday and Thursday, respectively, which tests the positive momentum.

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