On Sept 1, Shenlan Auto, a unit of Changan, reported August global sales of 28,659 units. Jan–Aug cumulative global sales were 222,028 units, up 11.77% YoY, and lifetime global sales have exceeded 947,600 units.

Goldman Sachs CEO: Consumers are quite resilient.

US Dollar: 1. Federal Reserve Chairman Warsh stated that "forward guidance" should be limited in normal times to avoid over-committing to future interest rate paths. He also emphasized that the 2% inflation target is a "clearly established target," and the current policy focus should remain on price stability. 2. The preliminary estimate for the baseline change in US non-farm payrolls in 2026 is -79,000, compared to market expectations of 183,000. 3. Federal Reserve Chairman Hamak: The Fed should take action to raise interest rates; waiting will only bring pain. 4. Federal Reserve Chairman Goolsby: Inflation has lasted longer than expected. The focus must remain on determining whether inflation is merely temporary. He has no strong opinion on the number of FOMC meetings. 5. US Treasury Secretary Bessant refuted concerns about pressure on the US Treasury market: "It's unclear where the so-called turmoil is." 6. US Treasury Secretary Bessant: Disorderly fluctuations in the yen will lead to higher US interest rates. 7. Bessant and Warsh arrived together in Asheville, North Carolina, to attend the G20 Finance Ministers' Summit. 8. Former Fed Vice Chairman: Warsh's speech reversed the Fed's previous logic; now the default choice is to raise interest rates. Euro: 1. Higher inflation in Spain and France strengthens the ECB's case for raising interest rates. 2. Germany's August unemployment increase was slightly lower than expected, with the unemployment rate remaining unchanged at 6.4%. 3. ECB official Dorenz: There are ample reasons for a September rate hike. 4. ECB's Koch: The duration of inflation is crucial. Price stability is threatened. Pound Sterling: 1. Bank of England Monetary Policy Committee member Mann: The state of the US economy has spillover effects on the UK. 2. Bank of England Governor Bailey: The second round of effects we are seeing so far is relatively mild. We can observe for now. 3. The UK is considering imposing a windfall profits tax on banks and oil companies. Yen: 1. Bessant: Yen volatility is "within a manageable range." The Bank of Japan is expected to "do the right thing" in terms of monetary policy. 2. US Treasury Secretary Bessenter: The US Treasury will exchange Japanese yen for existing foreign currency assets held by the Exchange Stabilization Fund (ESF). Korean Won: 1. The Bank of Korea warns that the chip boom may lead to renewed inflation. 2. The Korean won hit its highest level against the US dollar since July 8, 2025.