The People's Bank of China has reaffirmed its commitment to a managed floating exchange rate based on market supply and demand as the renminbi's composite index reaches multi-year highs. The central bank says it will continue supporting currency stability while allowing the exchange rate to respond to market conditions.
China's Manufacturing PMI Returns to Growth at 50.1 in September
China's manufacturing purchasing managers' index rose to 50.1 in September, moving back into expansion territory as industrial production and domestic factory orders showed signs of stabilization. The improvement suggests a modest recovery in manufacturing activity following earlier economic pressures.
WTO Raises Global Merchandise Trade Growth Forecast to 3.9% on Technology Investment
The World Trade Organization has upgraded its forecast for global merchandise trade growth to 3.9%, citing stronger investment in technology infrastructure and resilient international supply chains. The revised outlook reflects continued demand for industrial goods and advanced computing equipment across major trading economies.
UN Trade Agency Forecasts Asia Will Contribute 59% of Global Economic Growth
The United Nations Trade and Development agency projects that Asia will account for 59% of global economic growth, with East Asia playing a leading role in semiconductor and artificial intelligence manufacturing. The outlook highlights the region's importance to advanced technology production and international trade.
Manus Parent Butterfly Effect Raises More Than $500 Million in Major AI Funding Round
Artificial intelligence startup Butterfly Effect, the company behind the Manus AI agent platform, has secured more than $500 million in financing from venture capital investors and existing technology backers. The funding marks a substantial investment in the company's development of autonomous AI technology.
China's Electric Vehicle Highway Charging Surges 51% During National Day Holiday
Electric vehicle charging at China's highway facilities reached 163 million kilowatt-hours during the National Day holiday period, an increase of more than 51% from a year earlier, according to the National Energy Administration. The surge reflects growing electric vehicle use and rising demand for charging infrastructure during peak travel periods.
China Records 682,000 Foreign Visitor Arrivals During National Day Holiday, Up 5.4%
China recorded approximately 682,000 inbound trips by foreign nationals during the October holiday, a 5.4% increase from the previous year, according to official tourism statistics. The rise points to continued recovery in international travel and growing visitor activity during one of the country's busiest holiday periods.
Chinese Stocks Resume Trading After Golden Week With Shanghai Composite Near 3,839
Chinese stock markets reopened after the National Day holiday with mixed performance, as the Shanghai Composite Index opened near 3,839 points. Investors are assessing domestic holiday spending figures alongside changing global economic conditions and financial market uncertainty.
China Advances Domestic AI Chip Standards to Strengthen Semiconductor Supply Chains
China's Ministry of Industry and Information Technology is working with domestic semiconductor companies to develop standards and support for locally designed artificial intelligence processors. The initiative aims to strengthen China's domestic computing capabilities and reduce reliance on foreign technology suppliers.
Chinese State-Owned Banks Expand Green Lending for Low-Carbon Industrial Projects
Major state-owned banks in China are increasing financing for energy-efficient manufacturing equipment and low-emission industrial parks. The expanded green credit programs aim to support industrial modernization and reduce emissions across key manufacturing regions in eastern and southern China.
Guangdong and Shenzhen Expand Drone Delivery Networks and Smart Urban Logistics
Local governments in Guangdong province and Shenzhen are accelerating the commercial rollout of automated drone deliveries