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Senate majority leader Thune said it would be ideal if the White House abandoned the fund.

2026-06-02

Senate majority leader Thune said it would be ideal if the White House abandoned the fund.

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2026-06-01

Euro: 1. ECB: The Iran war may boost consumer inflation expectations in the medium term. 2. French inflation hits a more than two-year high, supporting expectations of a June rate hike by the ECB. 3. ECB Executive Board member Schnabel: The centra

Euro: 1. ECB: The Iran war may boost consumer inflation expectations in the medium term. 2. French inflation hits a more than two-year high, supporting expectations of a June rate hike by the ECB. 3. ECB Executive Board member Schnabel: The central bank can no longer ignore the inflationary impact of the Iran war. Pound Sterling: 1. The money market currently expects the Bank of England to raise interest rates by about 50 basis points by the end of the year, but traders expect further tightening afterward. 2. Bank of England Governor Bailey stated that to support the UK's weak economy, the bank may tolerate inflation remaining above its 2% target level temporarily, provided there is no "second-round price effect." Yen: 1. Japanese Chief Cabinet Secretary Minoru Kihara: Deeply concerned about speculative foreign exchange volatility. Others: 1. Canada enters a "technical recession" for the first time since 2020. 2. The People's Bank of China's reverse repurchase operations resulted in a net withdrawal of 247 billion yuan on the day. 3. Saudi Central Bank: Net foreign assets held by the central bank in April totaled 1.768 trillion riyals. 4. The Norwegian central bank will sell the equivalent of 100 million Norwegian kroner daily in June, the same as in May. 5. Philippine Central Bank: It will not target specific exchange rate levels, but will only participate in the foreign exchange market to maintain orderly market conditions. 6. Federal Reserve Governor Powell: A politicized Federal Reserve will destroy public trust, and stated that the Federal Reserve and other institutions are facing stress tests. 7. Governor of the Bank of Korea: South Korea, like Eurozone countries, is highly sensitive to energy price shocks. South Korea has a high dependence on energy imports.
2026-06-01

Chengdu municipal government issued guidance aiming to basically establish a national advanced manufacturing base by 2030 and to complete it and move toward a world‑class advanced manufacturing city by 2035. Key 2030 targets: operating revenue of abo

Chengdu municipal government issued guidance aiming to basically establish a national advanced manufacturing base by 2030 and to complete it and move toward a world‑class advanced manufacturing city by 2035. Key 2030 targets: operating revenue of above‑designated‑size industrial enterprises to exceed 2 trillion yuan; R&D intensity at those firms to exceed 2%; industrial value‑added share of GDP to be stable or rising; breakthroughs in several key core technologies. Policy will accelerate construction of a national new‑type industrialization demonstration zone and strengthen Chengdu’s role as a national strategic industrial and science‑tech hub. Priority sectors include electronic information and equipment manufacturing, with a goal to elevate them into world‑class advanced manufacturing clusters.
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