Brazil Vice President Geraldo Alckmin said the government will deliver a steadily rising primary surplus.

All three major China A-share indexes turned positive; ChiNext moved into the green and the Shanghai Composite was up 0.58%. Sector winners included cinema chains, AI training data, blind-box retail, AI chips, IPv6 and telecom services. Laggards included precious metals, solar PV equipment, innovative drugs, duty-free and commercial vehicles. Market breadth: roughly 2,800 stocks up versus 2,200 down across A-shares.

MOFCOM and six other ministries issued implementation opinions to expand goods consumption, directing use of personal consumption loan interest subsidies, service-sector business loan interest subsidies and pilots for new consumption formats/models/scenes, and calling for fiscal funds to leverage additional financing. Financial institutions are encouraged, within legal compliance and risk-control limits, to boost lending for autos, household appliances and digital products, and smart-home purchases, and to develop diversified consumer finance products. Authorities support deeper cooperation between financial institutions and merchants/platforms to co-develop finance products tailored to consumption sectors. Regulators will improve domestic-trade insurance policy and expand its scale and coverage.