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The IMF website on Oct 28 said Managing Director Kristalina Georgieva announced Deputy Managing Director Li Bo will leave when his term ends on Nov 30, 2026, and proposed China’s Ministry of Finance Vice Minister Liao Min to succeed him, effective De

2026-10-29

The IMF website on Oct 28 said Managing Director Kristalina Georgieva announced Deputy Managing Director Li Bo will leave when his term ends on Nov 30, 2026, and proposed China’s Ministry of Finance Vice Minister Liao Min to succeed him, effective Dec 1, 2026. If confirmed, Liao would be the IMF’s fourth Chinese deputy managing director.

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2026-10-28

CPCA data: China passenger-vehicle NEV retail sales were 753,000 vehicles Oct 1-25, down 13% YoY and 1% MoM; YTD retail 8.511 mln, down 13% YoY. Manufacturer NEV wholesale shipments were 1,008,000 vehicles Oct 1-25, up 3% YoY and 6% MoM; YTD wholesal

CPCA data: China passenger-vehicle NEV retail sales were 753,000 vehicles Oct 1-25, down 13% YoY and 1% MoM; YTD retail 8.511 mln, down 13% YoY. Manufacturer NEV wholesale shipments were 1,008,000 vehicles Oct 1-25, up 3% YoY and 6% MoM; YTD wholesale 12.458 mln, up 9% YoY.
2026-10-29

1. June Policy Meeting: Hawkish. Warsh emphasized that "inflation is well above the 2% target" and made it clear that there would be no interest rate cut. The Dow Jones Industrial Average fell 0.98%, the S&P 500 fell 1.21%, the Nasdaq fell 1.34%, and

1. June Policy Meeting: Hawkish. Warsh emphasized that "inflation is well above the 2% target" and made it clear that there would be no interest rate cut. The Dow Jones Industrial Average fell 0.98%, the S&P 500 fell 1.21%, the Nasdaq fell 1.34%, and spot gold closed down 1.66%. 2. July Policy Meeting: Neutral to Hawkish. Warsh emphasized that inflation was high but declined to reveal the next direction. The Dow Jones Industrial Average fell 2.19%, the S&P 500 fell 1.52%, and the Nasdaq fell 1.74%; spot gold briefly rose to $4,100 before falling back to around $4,066. 3. August Jackson Hole Symposium: Hawkish. At the Jackson Hole symposium, Warsh made it clear that the 2% target was unshakeable and that financial conditions were not restrictive. Spot gold plunged about 3%, the Nasdaq closed down 0.52%, and the S&P 500 fell 0.25%. 4. September Policy Meeting: Hawkish. Warsh emphasized restoring price stability but declined to commit to a future policy path. The Dow Jones Industrial Average initially closed down 1.2%, the S&P 500 down 0.44%, and the Nasdaq down 0.01%. Spot gold reversed its gains and fell before rebounding sharply the following day. 5. October IMF Annual Meetings: Neutral to Dovish. Warsh explicitly stated that he would not "predict" interest rate decisions and reiterated his commitment to the long-term goal of achieving price stability. The Dow Jones Industrial Average fell 0.34%, the S&P 500 down 1.09%, the Nasdaq down 2.15%, and spot gold closed down 0.32%.
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