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Xiaomi Auto said orders for its Pengcheng model exceeded 10,000 within four minutes of opening reservations.

2026-09-07

Xiaomi Auto said orders for its Pengcheng model exceeded 10,000 within four minutes of opening reservations.

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2026-09-08

Bank of America data shows that there are currently approximately $7 trillion in outstanding US Treasury bonds, the vast majority of which will mature within one year. Since short-term debt has a maximum maturity of only 52 weeks, its financing costs

Bank of America data shows that there are currently approximately $7 trillion in outstanding US Treasury bonds, the vast majority of which will mature within one year. Since short-term debt has a maximum maturity of only 52 weeks, its financing costs will be quickly repriced along with policy interest rates. If the Federal Reserve raises interest rates by a cumulative 75 basis points this year, and this is fully transmitted to these short-term bonds, a simple static calculation would be: $7 trillion × 0.75% = $52.5 billion, equivalent to approximately 15-16 basis points of GDP. For reference, the CBO benchmark forecast has projected that US net interest expenses will be approximately $1 trillion in 2026, representing 3.3% of GDP, rising to 4.6% by 2036.
2026-09-07

At a Beijing event marking the 2026 International Clean Air Blue Sky Day on July 7, Tong Yanchao, second-level inspector in the Ministry of Ecology and Environment’s Atmospheric Environment Department, said China has achieved ultra-low emissions at 9

At a Beijing event marking the 2026 International Clean Air Blue Sky Day on July 7, Tong Yanchao, second-level inspector in the Ministry of Ecology and Environment’s Atmospheric Environment Department, said China has achieved ultra-low emissions at 96% of coal-fired power installed capacity and 90% of steel capacity, creating the world’s largest clean coal-power and steel production system. He said pollution control must be deepened during the 15th Five-Year Plan period; next steps will be guided by revised ambient air quality standards, prioritize PM2.5 reductions, emphasize precision, scientific and law-based measures, and industrial acceleration, energy and transport structural upgrades and deeper pollution abatement to improve overall air quality.
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