ECB President LAGARDE said the central bank needs to bring inf back to target in about three years.

據央視：李強主持召開國務院常務會議，進一步部署防汛抗洪救災工作。

CITIC Securities executive committee member Li Yongjin said China is in a cycle of shifting growth drivers. He warned of near-term domestic-demand pressure for consumption and the pharmaceuticals sector but said the rise of new productive forces and structural transformation should help stabilise China’s long-term potential growth. He flagged expanding total consumption and continued pharmaceutical innovation and internationalisation as clear long-term trends that sustain identifiable sectoral investment opportunities.