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MOFCOM data: China’s consumer goods trade-in programs cumulatively drove 1.1 tln yuan in related sales in 1H 2026, benefiting about 150 mln participants. By category: auto trade-ins 3.71 mln vehicles; home appliances 63.27 mln units; consumer electro

2026-07-22

MOFCOM data: China’s consumer goods trade-in programs cumulatively drove 1.1 tln yuan in related sales in 1H 2026, benefiting about 150 mln participants. By category: auto trade-ins 3.71 mln vehicles; home appliances 63.27 mln units; consumer electronics and smart devices 79.10 mln units. Nineteen localities implemented category-specific subsidies that added roughly 992k units of related sales.

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2026-07-22

Santander CIB global head of economics Antonio Garcia Pascual says euro-area short-term rates are likely to trade within a confined range. Markets price the ECB deposit rate around 2.50–2.75%; Pascual says the range should remain stable provided oil

Santander CIB global head of economics Antonio Garcia Pascual says euro-area short-term rates are likely to trade within a confined range. Markets price the ECB deposit rate around 2.50–2.75%; Pascual says the range should remain stable provided oil prices stay within the ECB’s mild and baseline scenarios. Santander CIB sees tactical opportunities to go long the short end at current market levels. The ECB raised rates 25bp in June to a 2.25% deposit rate; markets expect policy to be left unchanged at Thursday’s decision.
2026-07-22

The combined turnover of the Shanghai and Shenzhen stock exchanges exceeded 2 trillion yuan for the 72nd consecutive trading day.

The combined turnover of the Shanghai and Shenzhen stock exchanges exceeded 2 trillion yuan for the 72nd consecutive trading day.
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