Domestic News:
1. Wang Yi met with a delegation of U.S. House of Representatives members: This visit can be described as an ice-breaking trip. Heads of state diplomacy plays an irreplaceable and important leading role. The current stabilization in Sino-U.S. relations is hard-won and should be cherished.
2. People's Bank of China Governor Pan Gongsheng met with Bridgewater Associates founder Ray Dalio.
3. Zhao Leji met with a delegation of U.S. House of Representatives members.
4. Toutiao and UC Platform were investigated for disrupting the online ecosystem.
5. The State Administration for Market Regulation summoned Lalamove.
International News:
1. Following the H-1B visa dispute, India seeks personnel access in trade negotiations with the United States.
2. According to Interfax, Russia may extend its gasoline export ban and has also discussed the possibility of a diesel export ban.
3. OECD: Global economic growth is expected to be 3.2% in 2025 (previously forecasted to be 2.9%) and 2.9% in 2026 (same as previous forecast). 4. US President Trump: If Russia is unwilling to reach an agreement, the United States is prepared to impose additional tariffs. Europe must immediately halt all energy purchases from Russia.
5.
Federal Reserve - ① Goolsbee: At this point, I am not considering a 50 basis point rate cut. Ultimately, the Fed rate is likely to stabilize around 3%. ② Bowman: It's time to take decisive action to cut rates. ③ Bostic: At some point in the future, I may support setting the inflation target range to 1.75% to 2.25%.
