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According to a Wall Street Journal survey, economists expect U.S. consumer price index (CPI) inflation to be 3.4% this year, up from 3.2% in the April survey.

2026-07-12

According to a Wall Street Journal survey, economists expect U.S. consumer price index (CPI) inflation to be 3.4% this year, up from 3.2% in the April survey.

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2026-07-12

Beijing emergency office said the municipal flood-control emergency response was fully lifted at 14:00 on July 12. At 14:00, level-1 responses were lifted in Daxing, Tongzhou, Shunyi and Pinggu. At 08:30 the same day, level-1 responses had been lifte

Beijing emergency office said the municipal flood-control emergency response was fully lifted at 14:00 on July 12. At 14:00, level-1 responses were lifted in Daxing, Tongzhou, Shunyi and Pinggu. At 08:30 the same day, level-1 responses had been lifted in Fangshan, Miyun, Huairou, Mentougou and Fengtai; Dongcheng, Xicheng, Chaoyang, Haidian, Shijingshan, Changping and Yanqing were at level-2.
2026-07-12

Kaiyuan Securities says markets underwent a correction this week: tech staged a strong rebound on Thursday but fell again on Friday, boosting volatility. The broker views the pullback not as the end of the tech trend but as a concentrated short-term

Kaiyuan Securities says markets underwent a correction this week: tech staged a strong rebound on Thursday but fell again on Friday, boosting volatility. The broker views the pullback not as the end of the tech trend but as a concentrated short-term risk release amid high growth, high valuations and crowded positioning; the market is digesting valuations and crowding. Looking ahead, technology remains the primary theme and the adjustment is seen as a reset for a healthier relaunch. Tech is still deemed the most attractive sector with marginally improving fundamentals; the STAR Market and ChiNext retain higher relative earnings advantages. After the current phase of rebalancing, the market will hunt for the next cohort that can absorb risk appetite while showing marginal fundamental improvement — a further tech re‑selection.
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