Real-time News

Japanese Finance Minister Satsuki Katayama: No comment on the Bank of Japan's policy.

Japanese Finance Minister Satsuki Katayama: The Bank of Japan is expected to work closely with the government to implement appropriate monetary policy in order to achieve the 2% price target.

Japanese Finance Minister Satsuki Katayama: We will review budget requests and control debt issuance at a level that can gain market confidence.

On September 17th, it was reported that on September 16th, Fujian and Ningxia conducted their first cross-provincial collaborative computing and power management operation. On the same day, some computing power tasks from pilot server racks in Fuzhou and Xiamen were transferred across provinces to the Zhongwei Data Center in Ningxia through unified scheduling. The power departments of both regions simultaneously utilized a new power load management system to coordinate and dynamically monitor the computing load.

September 17th - AstraZeneca China announced today that it will invest nearly RMB 200 million to comprehensively upgrade its new drug development and supply building at its Wuxi production and supply base. This upgrade will be used for the process development and manufacturing of AstraZeneca's investigational cardiovascular innovative drugs, and will support the global supply of these drugs after commercialization. The project, with a building area of approximately 5,800 square meters, is scheduled to be operational in the fourth quarter of 2029, with an expected annual production capacity of 400 million tablets. Upon completion, the Wuxi base will participate in commercial production process development from the drug research and development stage, and is expected to become AstraZeneca's first base in the Asia-Pacific region with the capability to support the global launch and supply of new drugs.

On September 17th, Katherine Brooks, Head of Institutional Research, stated on Wednesday that the latest CPI data supports the Bank of England's "hawkish pause." However, the real inflation shock may occur in September. Brooks noted that there are currently no signs that inflation is spreading to the broader economy. However, the inflation report showed that raw material costs rose 6.1% year-on-year, and producer prices rose 3.7%. These costs will either ultimately be passed on to already burdened consumers or squeeze corporate profit margins, both of which are detrimental to the UK economy. Brooks pointed out that stable core inflation is a positive sign, but the Bank of England has stated that energy prices now have a greater impact on inflation expectations than core inflation. Furthermore, persistently high energy price ceilings also pose an upside risk to future inflation. Brooks believes that although the market has lowered its expectations for near-term interest rate hikes by the Bank of England, future rate hikes cannot be ruled out; the market is currently pricing in approximately four rate hikes by the end of next year. Unless the war with Iran ends and supply constraints in the Middle East ease, the UK economy will continue to face long-term pressure for interest rate hikes.

Japanese Chief Cabinet Secretary Minoru Kihara: We will continue to monitor the impact of the (interest rate hike) on the US economy and markets.

Japanese Chief Cabinet Secretary Minoru Kihara: Japan's stance on exchange rates has remained unchanged since the joint intervention by the United States and Japan.

September 17th - Copper prices stabilized after traders downplayed hawkish signals from the Federal Reserve Chairman following the widely anticipated interest rate hike. Despite a stronger dollar, copper futures prices on the London Metal Exchange (LME) remained largely unchanged. Fed officials expect another rate hike later this year, which could put pressure on non-yielding assets like copper. Previously, copper prices had surged to record highs, driven by expectations of potential US tariffs on refined copper; currently, prices are consolidating at these high levels. The tariff expectations led to a large influx of copper into US inventories, raising concerns about potential supply shortages in other regions. So far, the US has not implemented any new trade measures, casting uncertainty on the previous rally. However, demand expectations in the data center and renewable energy sectors, as well as supply disruptions at major mines, continue to support copper prices. Sam Crittenden, an analyst at RBC Capital Markets, stated in a report: "News that the US will not impose tariffs on copper has cooled some speculative trading in the physical market. Despite short-term price weakness, the fundamentals remain positive."

Japanese Health Minister Kenichiro Ueno is reportedly set to remain in his post during the cabinet reshuffle.

Japanese Chief Cabinet Secretary Minoru Kihara: I will not comment on the monetary policies of other countries.

Indonesia's new finance minister said the Ministry of Finance is reviewing a sudden personnel reshuffle involving hundreds of people, which the former minister said was one of the reasons for his dismissal.

On September 17th, an official from the State Administration of Radio and Television stated at a press conference that during the 15th Five-Year Plan period, while continuing to deepen the innovative application of artificial intelligence (AI) in all aspects of the radio and television broadcasting industry, the administration will coordinate development and security, adhere to the principle of technology serving people and creation, and actively guide and regulate the innovative application of AI in the entire process of audiovisual content production, ensuring that innovation is encouraged within limits and development is regulated within boundaries. For example, radio and television programs generated, produced, and broadcast using AI technology must have content identification added; key stages of radio and television program production and the final content must be subject to manual review; and AI-driven modifications are strictly prohibited. AI technology will continue to iterate and evolve, and the State Administration of Radio and Television will continuously improve regulations and standards, scientifically assess situations, and implement differentiated policies, encouraging innovation where appropriate and resolutely safeguarding what needs to be protected.

September 17th - According to the China Federation of Logistics and Purchasing, with the continuous release of policy dividends and the ongoing optimization of the institutional environment, my country's logistics supply chain finance market is steadily growing and is expected to maintain a relatively high growth rate during the 15th Five-Year Plan period. It is reported that during the 15th Five-Year Plan period, the average annual compound growth rate of logistics supply chain finance is expected to remain in the relatively high range of 12% to 20%, showing a growth trend of high growth in the first half and stable growth in the second half. In particular, sub-sectors such as cross-border logistics financing and green logistics equipment financing will become the core of growth.

September 17 (AFP) – Mahmoud Abbas's visa application to enter the United States has been rejected by the US, according to a report by AFP citing sources. The Times of Israel, citing Palestinian and US officials, reported that Abbas's office received notification of the visa refusal, along with dozens of Palestinian officials who were scheduled to accompany him. This marks the second consecutive year that the US has rejected Abbas's visa application.

On September 17th, the State Council Information Office held a press conference themed "Starting the 15th Five-Year Plan." The conference introduced that the number of users of micro-dramas nationwide has exceeded 800 million, and the market size is expected to surpass 100 billion yuan by 2025. AI dramas are developing rapidly and have a high market share. The conference emphasized the need to simultaneously encourage innovation and uphold ethical standards, requiring AI dramas to be labeled with relevant content and urging platforms to strictly adhere to the bottom line regarding portrait and voice authorization, ensuring quality control throughout the entire process. Ultimately, AI is a tool, and humans are the creators. The faster AI dramas develop, the more crucial it is to maintain high standards for content.

On September 17, Wang Xiaoliang, Director of the Online Audiovisual Program Management Department of the State Administration of Radio and Television, introduced at a press conference held by the State Council Information Office on the theme of "Starting the 15th Five-Year Plan" that in the first eight months of this year, 430,000 micro-dramas were launched nationwide, 13 times the number for the whole of last year, of which AI dramas accounted for more than 90%.

Huawei Rotating Chairman Wang Tao: Huawei will launch the 960DT product in the first quarter of 2027; and the Ascend 960PR chip in the third quarter of 2027.

Huawei Rotating Chairman Wang Tao: Huawei has delivered more than 1,000 supernode systems to more than 370 customers.

Huawei Rotating Chairman Wang Tao: Huawei has developed 11 core chips based on a unified bus protocol for super nodes and super clusters.