Bank Indonesia governor says monetary interventions to date have been effective.

Guangdong’s Consumption Expansion Implementation Plan calls for accelerated development of next‑generation smart‑home terminals and wider application of IoT sensing, intelligent control and human‑machine interaction across appliances, furniture and lighting. The plan directs R&D into elderly‑friendly smart homes and household service robots and promotes high‑end, green and smart whole‑home product lines. It also aims to boost agricultural consumption by cultivating geographic‑indication products and a Guangdong‑branded product matrix, promote adoption of food digital labels, and strengthen market monitoring of staples — grain, edible oil, meat, eggs, dairy and fruit and vegetables — to safeguard supply.

The National Development and Reform Commission said China’s emerging pillar industries generated nearly 6 tln yuan in output last year as R&D spending accelerates and new technologies and products scale up. In the first three quarters, integrated circuit output reached 442.8 bln units, up 23.3% YoY, and outbound technology licensing for innovative drugs totaled about $130 bln, close to last year’s full-year level. The NDRC projects output could double to over 10 tln yuan by the end of the 15th Five-Year Plan, becoming a key support for higher-quality economic growth.