Bridgewater Associates founder Ray Dalio said expected returns for equities and bonds are now close, equity sensitivity to interest-rate moves is likely to rise, and investing is entering a new era driven by artificial intelligence.

日本央行行长植田和男：日本经济正在适度复苏，但仍存在一些弱点。

The Investment Department of the National Development and Reform Commission said China’s current six-networks push is moving from ‘single-point’ buildouts to system-level networking to unlock multiplier effects across water, new power grids, compute, next-generation communications, urban underground utilities and logistics networks. The aim is demand integration and resource sharing so investment yields whole-system gains rather than a simple sum of single networks. Remaining frictions include non‑uniform technical standards, weak cross‑entity coordination and unclear revenue-sharing. The NDRC plans to tackle these by establishing unified technical standards and data interfaces to enable facility sharing and data interoperability; improving market-based coordination, clarifying cross-network roles and revenue allocation and supporting corporate consortia in integrated projects; and running regional integrated pilots in major city clusters to develop replicable models before national rollout.