The National Bureau of Statistics said employment is broadly stable. The average urban surveyed unemployment rate for Jan–Jul was 5.2%, unchanged from Jan–Jun and year-earlier. In July the urban surveyed unemployment rate was 5.2%, up 0.2 percentage point MoM, a seasonal increase. Surveyed unemployment for local hukou and migrant workers both 5.2%; surveyed unemployment for migrant agricultural-hukou workers 4.9%. The urban surveyed unemployment rate across 31 major cities was 5.2%, up 0.2 ppt M

Henlius Biotech (02696.HK) said it has entered a strategic collaboration with Sandoz to develop up to 10 monoclonal antibody and/or antibody‑drug conjugate (ADC) biosimilars or components. The parties signed terms covering an initial three selected products and an option on a fourth. In April 2025 the firms agreed exclusive commercialization for Henlius’ ipilimumab biosimilar HLX13 across 46 countries including the US and Europe; the new arrangement deepens their existing oncology biosimilar cooperation.

Mizuho Securities rates strategist Evelyn Gomes said in a note fiscal uncertainty in the UK remains ahead of the Oct. 28 budget. The government is expected to announce revenue-raising measures and spending plans on Oct. 28. Potentially weak UK employment and inf data this week could support gilts, but fiscal concerns persist.