US MBA mortgage refinance index for week ended Aug 28: 732.6, prior 740.8.

On Sept. 1 Beijing party secretary Yin Li told a US-China Business Council board delegation Beijing will work with the Council to implement outcomes of bilateral economic and trade consultations, expand goods and services trade and raise the scale and quality of bilateral trade. He urged deeper cooperation among Chinese universities, research institutes and tech firms to accelerate commercialization of new technologies in Beijing and called for joint leadership on global AI governance to steer technology toward societal benefit.

Japan's finance minister Katayama said debt expansion is a global trend and described Japan's fiscal policy as aimed at achieving growth while maintaining fiscal sustainability.