Fed's Hammack said energy is not the only factor; strong demand is also driving price pressures.

The China Securities Investment Fund Association held a founding meeting for a professional committee covering venture capital, private equity and M&A funds. It said that since 2026 supportive measures from the central government, relevant ministries and local authorities, alongside a stabilizing capital market, have pushed industry assets under management to a record high above 16 trillion yuan. The association said it will work under CSRC leadership to prioritize risk prevention, strengthen supervision, promote high‑quality development and ease the fundraising–investment–management–exit cycle for equity investment funds.

Oct 12 — The inaugural Asia‑Pacific Geosciences and Remote Sensing Conference opened in Qingdao, China. Academician Guo Huadong and other experts delivered keynote and invited talks on frontier remote sensing science, Digital Earth, urban and environmental remote sensing, microwave and SAR, Earth observation systems and spatial information applications. The conference features 16 parallel sessions focused on remote‑sensing large models and AI, synthetic aperture radar and microwave remote sensing, ocean, atmospheric and hydrological remote sensing, land‑surface and ecological environment monitoring, disaster monitoring, cryosphere and polar remote sensing, urban remote sensing, remote‑sensing big data and cloud computing platforms, and applications for the UN Sustainable Development Goals.