DALY: Inflation has been driven mainly by tariffs; those effects are likely to gradually dissipate.

A股三大股指持续回升，沪指率先翻红，深证成指跌幅收窄至0.7%。

Shanghai authorities issued China's first 'no-destination' maritime exit-entry permit on Monday morning. Travelers without valid passports may apply with national ID at the Minsheng Road exit-entry reception hall; an expedited channel will be available for urgent pre-trip cases. The Shanghai Municipal Transport Commission said the move aims to open a new marine-tourism track to fill a gap in high-end short-haul water tourism and broaden weekend leisure options.