ECB's Koehler says economic resilience is stronger than expected.

MOFCOM Vice Minister Yan Dong told a State Council Information Office briefing on Aug. 28 that China will pursue innovation-driven policies to boost the international competitiveness of productive services. Beijing will promote exports of manufacturing-linked services — including R&D, design, testing, maintenance and supply-chain logistics — to deepen integration between services trade and high-end manufacturing. The ministry will also seek to expand life-services exports, grow inbound consumption and upgrade cultural trade. Authorities plan to accelerate construction of national service-trade innovation demonstration zones, steadily and orderly widen market access with a services-sector focus, refine the cross-border services negative list management system and break down cross-border services trade barriers, while promoting greater application of AI, cloud computing and other digital-intelligent technologies to enable services trade.

Nanjing Runwanxiang Real Estate Development, a CHINA RES LAND unit, paid 1.119 bln yuan for a 53,799.20 sqm (≈80.7 mu) urban residential site in Zhengzhou High‑tech Zone, located north of Fengyang Street and west of Xuesong Road near Zhengzhou University and Zhengzhou Foreign Languages School. The plot carried a 691 mln yuan reserve price, implying a 61.97% premium and an achieved land price of roughly 20,800 yuan/sqm.