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On the afternoon of Sept. 1 local time, China attended a Shanghai Cooperation Organization Plus (SCO+) meeting in Bishkek.

2026-09-01

On the afternoon of Sept. 1 local time, China attended a Shanghai Cooperation Organization Plus (SCO+) meeting in Bishkek.

Other News
2026-09-01

A-share tax refund store stocks rallied in early trading, with Maoye Commercial rising over 5%, followed by gains in other stocks such as Baida Group, Nanning Department Store, Guangbai Co., Ltd., and Cuiwei Co., Ltd. This surge was driven by news th

A-share tax refund store stocks rallied in early trading, with Maoye Commercial rising over 5%, followed by gains in other stocks such as Baida Group, Nanning Department Store, Guangbai Co., Ltd., and Cuiwei Co., Ltd. This surge was driven by news that seven departments, including the Ministry of Commerce, issued implementation opinions on promoting the expansion and upgrading of commodity consumption: by 2030, total retail sales of consumer goods will reach approximately 60 trillion yuan, with continued growth in retail sales of trillion-yuan categories such as automobiles, home appliances, communication equipment, and textiles and apparel.
2026-08-31

Treasury Secretary Bessent said he agrees with Fed chair Kevin Warsh on bond issues and that the 10-year Treasury yield has been essentially flat since Trump took office. He said he has never tried to move bond markets, does not believe the governmen

Treasury Secretary Bessent said he agrees with Fed chair Kevin Warsh on bond issues and that the 10-year Treasury yield has been essentially flat since Trump took office. He said he has never tried to move bond markets, does not believe the government can change bonds' equilibrium price and will not speculate on the Fed's next step. He described core inf as still moderate and said the Fed Traditionally does not raise rates in response to supply shocks. Bessent said he has not yet bought any bonds and is working with the budget office on a fiscal consolidation plan. He added the Treasury buyback program could make the US the world’s top bond market and that hedge fund managers favor accelerating the process. After Stanley Druckenmiller’s recent op-ed, Bessent said he spoke with him and believes Druckenmiller lost money that day. Fitch has reaffirmed the US credit rating.
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