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China's foreign exchange reserves were $3.4003 trillion at end-September 2026, down $38.1 billion (1.11%) from end‑August, the State Administration of Foreign Exchange said. SAFE cited a stronger dollar and broad declines in global asset prices in Se

2026-10-07

China's foreign exchange reserves were $3.4003 trillion at end-September 2026, down $38.1 billion (1.11%) from end‑August, the State Administration of Foreign Exchange said. SAFE cited a stronger dollar and broad declines in global asset prices in September, with exchange‑rate translation and valuation effects driving the monthly drop. SAFE added that China's economy remains broadly stable with improving drivers and structure, supporting basic stability in the reserves.

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2026-10-07

Visits to multiple Shanghai NEV brand showrooms over the National Day holiday show customer traffic up about 30% versus a typical weekend, driven by new model launches, local purchase subsidies and time-limited dealer promotions. Test-drive slots are

Visits to multiple Shanghai NEV brand showrooms over the National Day holiday show customer traffic up about 30% versus a typical weekend, driven by new model launches, local purchase subsidies and time-limited dealer promotions. Test-drive slots are nearly full throughout the day and many families are visiting; dealers say most customers are motivated by ICE-to-EV trade-in discounts and district-level subsidies and ask staff to total all incentives before deciding. Sales conversion is slower than footfall: buyers are price-comparing across dealers and verifying subsidy eligibility, and several Popular new models are short in stock with order lead times of several weeks, constraining immediate transactions.
2026-10-07

The Nikkei 225 index closed down 648.27 points, or 0.92%, at 70,035.71 on Wednesday, October 7.

The Nikkei 225 index closed down 648.27 points, or 0.92%, at 70,035.71 on Wednesday, October 7.
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