Japan is considering cutting gasoline subsidies as early as December, two ruling-party officials said, citing rapidly rising program costs. The emergency measure, introduced in March to blunt fuel-price inflation and keep average regular gasoline around 170 yen per liter (≈$1.09), now costs tens of billions of dollars a month and is quickly depleting a 3.1 trillion yen supplementary budget approved in June. Under a plan being discussed, weekly payments to fuel distributors would be phased down,

卡塔爾外交部：卡塔爾與法國的第四輪戰略對話： 加強兩國之間穩固的戰略伙伴關係，拓展在經濟、貿易、投資、防務、安全、教育、文化和健康等各領域的雙邊合作前景，同時協調共同努力，支持區域和國際層面的和平、穩定與發展。

Guan Tao, chief economist at Huafu Securities, said recent domestic market weakness reflects sentiment volatility after rising geopolitical tensions and widening divergence in overseas tech stocks, but key market drivers remain intact. He listed four market-positive points: China’s long-term favorable economic fundamentals are unchanged; the certainty of stronger, more effective policy support remains; innovation momentum is gradually releasing; and valuation advantages in Chinese assets remain to be exploited. Under dual forces of market demand and policy guidance, China’s growth is shifting toward higher quality and structural upgrade. Investors should treat recent volatility rationally, focus on earnings-recovery stories, and remain cautiously optimistic on medium-to-long-term market prospects. Guan added that deepening capital-market financing and investment reform is two-way: authorities must strengthen institutional support for long-term capital and investors must adopt long-term, value-driven, rational investment habits. The current episode is a litmus test for the market’s ability to move away from momentum trading toward greater maturity.