PPI y/y and m/m remained steady.
PPI -0.2% m/m, with a -0.1% input prices and producer prices for consumption goods remained at +0.1%.
Month-on-Month Analysis:
Prices in the domestic oil and natural gas extraction industry rose by 3.0% due to international influences, while the prices for non-ferrous metal smelting and rolling industries dropped by 0.4%. Copper smelting prices decreased by 1.6%, and aluminum smelting prices fell by 0.2%.
Coal prices remained stable, with th...

The services sector extended the period of expansion that commenced in January 2023, albeit at a pace that remained below the year-to-date average.
Incoming new business increased at a solid pace in July, supported by sustained improvements in underlying demand conditions and an expansion of service offerings.
Export business also expanded, attributed to rising interest from overseas clients and growth of tourism activity, the rate of export business expan...

China's 1-year Loan Prime Rate (LPR) was set at 3.35% in July, with the 5-year LPR set at 3.85%, both lowered by 10 basis points from previous levels.
The LPR adjustment, synchronized with reverse repurchase operations, reflects the gradual unveiling of the central bank's new monetary policy framework. This adjustment indicates the LPR's shift towards referencing short-term policy rates more heavily, diminish...

Will let the market play a decisive role in resource allocation.
Will work on policies to build a positive environment and offer more opportunities for the non-public economy sector.
Will formulate private economy improvement law.
Strengthening antitrust operations.
Will improve the convenience for foreign capital to invest equity and venture capital in China.
Will optimize the layout of the state-owned econ...

Place reform in a more prominent position.
Reform tasks in this decision are to be completed by 2029.
Will fully build the high-level socialist market economic system by 2035.
Will improve macroeconomic governance.
Will let market mechanism play a better role, creating a more fair and vibrant market environment.
Will deepen fiscal and tax reforms, deepen financial system reform.
Will deepen the reform of the...

In Silicon Valley, DeepSeek is known as a "mysterious force from the East." This reputation stems from DeepSeek's comprehensive innovations in model architecture.
The company's new MLA (Multi-head Latent Attention) architecture reduces memory usage to just 5%-13% of the most commonly used MHA architecture. Additionally, its proprietary DeepSeekMoESparse structure minimizes computational costs, resulting in signifi...