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On August 13th, the "Opinions of the CPC Guangdong Provincial Committee and the Guangdong Provincial People's Government on Further Leveraging the Leading Role of Standards to Promote High-Quality Economic and Social Development in Guangdong" were released. The Opinions propose to conduct standard planning for future industries. Research and planning of standard systems will be carried out in cutting-edge fields such as embodied intelligence, biomanufacturing, and quantum technology, exploring ways to guide the rapid iteration of leading and disruptive technologies through standardization. Pre-research work on standards will be strengthened to improve the scientific rigor and feasibility of standard development and shorten the cycle of transforming scientific and technological achievements into standards. Support will be given to the establishment of standardization technical organizations for future industries to promote the development and implementation of key standards.
According to the Wall Street Journal, sources say Mexico is pushing for lower auto tariffs in the USMCA negotiations.
As of 09:30 Beijing time, New York gold futures rose 0.20%, New York silver futures rose 0.40%, and New York copper futures fell 0.69%.
Market news: Anthropic is reportedly set to acquire artificial intelligence startup Decart for $6 billion.
On August 13th, Lu Weibing, Partner and President of Xiaomi Group, announced that the Xiaomi Surge OS 4 Beta version is about to be released. Instead of a launch event, the company will focus on continuous user feedback to optimize the experience. Recruitment for the first batch of Beta version devices will begin at 11:00 AM today on the Xiaomi Community.
Reserve Bank of Australia Assistant Governor Kent: We need to focus on historical average inflation data to concentrate on monthly CPI reports rather than quarterly data.
Futures News, August 13th: Oil prices have temporarily halted their upward trend, fuel oil news remains stable, cost support is still acceptable, and downstream traders remain cautious in their purchasing sentiment, showing limited acceptance of high-priced resources. Market buying is lukewarm, and it is expected that domestic fuel oil trading will mostly remain stable today, with a risk of slight pullbacks at some high levels.
Reserve Bank of Australia Assistant Governor Kent: There is currently no urgent need to convert foreign exchange reserves into other currencies.
The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.9 occurred at 8:35 a.m. on August 13 near Tashkurgan County, Kashgar Prefecture, Xinjiang (37.18°N, 75.00°E). The final result is subject to the official rapid report.
August 13th - According to the Wall Street Journal, sources familiar with the matter revealed that the Mexican government is pushing the United States to lower tariffs on North American autos as part of discussions to revise the USMCA (United States-Mexico-Canada Agreement). This move is a response to the Trump administration's earlier proposal to increase the use of US-made auto parts. The Trump administration currently imposes a 25% tariff on non-US-made parts in cars from Canada and Mexico. Mexico's proposal in recent weeks would expand the range of duty-free auto parts and lower the top tariff rate on North American cars. Sources familiar with the negotiations said that under Mexico's proposal, the US would only impose tariffs on the value of auto parts manufactured outside North America, meaning parts from Mexico and Canada would enjoy duty-free treatment. For North American cars that do not meet the requirements of the agreement, the proposal would reduce the overall tariff rate from 25% to a lower level, possibly 5% or 10%.
According to the Wall Street Journal, sources say Mexico is pushing for lower auto tariffs in the USMCA negotiations.
Market news: Russia attacked the port of Izmail in Ukraine, and the port's infrastructure caught fire after the attack.
Japan's corporate goods price index rose 7.2% year-on-year in July, below the expected 7.4% and the previous reading of 7.10%.
Japan's corporate goods price index rose 0.1% month-on-month in July, below the expected 0.60% and the previous reading of 0.40%.
Futures News, August 13th - According to foreign media reports, Chicago Board of Trade (CBOT) soft red winter wheat futures closed sharply higher on Wednesday, with the benchmark contract rising 3.6%, mainly reflecting the ongoing conflict between Russia and Ukraine, which has disrupted grain exports from the region. Ukrainian President Zelensky stated that this "unique operation" targets the last major stronghold of the Russian Black Sea Fleet. The ongoing conflict between the two countries continues to restrict agricultural exports from the region and has also caused some commodity prices to fluctuate wildly during the conflict.
On August 13th, a research report from CICC stated that the seasonally adjusted CPI in the US rose 0.1% month-on-month and 3.4% year-on-year in July, while core inflation rose 0.2% month-on-month and 2.5% year-on-year, both in line with market expectations. Energy prices continued to decline, but international oil prices have rebounded since August, increasing uncertainty about future energy prices. Regarding core inflation, commodities were relatively strong while services were relatively weak, especially with the continued rise in prices of information technology products such as computers and software, reflecting that the supply-demand mismatch caused by the expansion of AI capital expenditure is gradually being transmitted to the consumer side. We believe that US inflation may have entered a new phase, with its driving force gradually shifting from supply shocks such as tariffs and oil prices to demand expansion driven by AI investment, and the duration of inflation may be correspondingly prolonged. For the Federal Reserve, this data alleviates the pressure for short-term interest rate hikes, but demand-pull inflation requires more attention from policymakers than supply-push inflation.
On August 13th, according to a report by US tech media WIRED citing sources familiar with the matter, the Trump administration's new artificial intelligence guidelines will be revised, expanding the regulation of AI models. The White House announced this month that it has developed an AI framework under which cutting-edge AI models developed by US labs will undergo federal safety testing before public release. The government has not yet released the framework, and there are reportedly no plans to do so. Currently, this AI framework only covers so-called "closed-source models" developed by companies such as Anthropic and OpenAI. However, a White House official revealed that the framework is expected to cover open-source models in the coming months. In short, once open-source models reach the same "cutting-edge" capability level as Anthropic's Mythos-level model and OpenAI's GPT-5.6, they will be incorporated into the framework and undergo pre-release testing.
August 13th - According to the Wall Street Journal, earlier this year, the U.S. military engaged in a joint military exercise in Germany with Ukrainian drone operators. The outcome was unfavorable for the U.S. military. Sources familiar with the matter revealed that in the exercise, titled "Combined Resolve," Ukrainian drone units easily detected and defeated U.S. troops and armored vehicles rotating from Fort Hood, Texas.
Iraqi Prime Minister: We will not allow our territory to become a site for attacks against our neighbors.
CoreWeave warned investors that switching from Nvidia chips to other chips would be difficult and could require significant time and money.
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