Bank of England's Monetary Policy Committee member Taylor said the appropriate policy response is to remain vigilant but restrained.

Shanghai Gold Exchange gold T+D closed down 1.12% at 897.15 yuan/gram on Sept 29 (Tuesday); silver T+D closed down 2.09% at 14,801.0 yuan/kg.

SAFE released its 1H 2026 balance of payments report. China’s current account transactions totaled $4.6 tln in 1H, up 16% YoY; the current account surplus was $378bn and its ratio to GDP remained stable. Goods trade grew briskly: trade in goods measured on a BoP basis rose 18% YoY, with AI and green-energy related sectors strong; goods imports rose nearly 20%, outpacing export growth by 2.3ppt. Services trade accelerated: service exports rose 21% YoY, with inbound foreign travel and faster growth in emerging producer‑service exports accounting for 16% and 42% of the services export increase, respectively; service imports were up 7%, keeping China a major services importer. Cross‑border investment income strengthened: outbound investment returns increased steadily, foreign investors’ earnings in China were stable, and the investment income deficit narrowed 24% YoY.