China's Ministry of Finance allocated over 10.7 billion yuan for inclusive financial development in 2023. The digital yuan has been expanded to 26 regions, significantly boosting holiday consumption. Meanwhile, core inflation in Europe and the US has slowed, and most Western central banks have concluded their rate hike cycles.

China's local financial platforms are transforming, and the central bank is maintaining liquidity. The Chinese economy is expected to grow by over 4% in Q3. Meanwhile, US Treasury Secretary Janet Yellen remains optimistic about the US economy despite ongoing risks, and Russia has implemented capital controls to stabilize the ruble.

China's State Taxation Administration reported tax cuts and rebates exceeding 1.15 trillion yuan in the first eight months. The automotive industry saw robust growth, with auto exports surpassing 400,000 units for two consecutive months and new energy vehicle exports reaching 825,000 units from January to September.

China's SME development index recovered in Q3, with several sub-indexes significantly rising. The Ministry of Commerce aims to deepen digital trade cooperation with Belt and Road countries, focusing on e-commerce and digital payments. Additionally, negotiations for the upgraded China-ASEAN Free Trade Zone are accelerating, and logistics companies will benefit from reduced urban land use taxes.

The US Department of Commerce added 42 Chinese companies to its export control list, citing support for Russia’s defense industry. Meanwhile, Anhui Province launched 1089 major projects with a total investment of 707.46 billion yuan, including significant investments in semiconductor and energy storage projects.

During the 2023 Mid-Autumn and National Day holidays, China saw 826 million domestic tourist trips, generating 753.43 billion yuan in revenue. The cultural and tourism industry showed strong recovery, and the production of electronic information in China continued to rebound from January to August.

In the first 8 months of 2023, Shanghai Port's container throughput reached 32.14 million TEU, up 3.6% year-on-year. The country's spending on social assistance, including living allowances and emergency funds, reached 126.5 billion yuan from January to June.

The offshore yuan has recovered to the 7.30 mark against the US dollar, increasing by over 600 points in a day. The People's Bank of China (PBOC) stated it has the capability and confidence to maintain the yuan's exchange rate stability. Additionally, the PBOC emphasized ending market speculation and other actions disrupting the foreign exchange market order.

China's foreign exchange reserves fell to $3,160.1 billion in August 2023, down 1.38% from July. Guangzhou became the first tier-one city to break the LPR limit for first-home mortgages, setting new interest rates and down payment requirements.

China's foreign exchange reserves fell to $3.1601 trillion in August, down 1.38% from July. The State Taxation Administration reported that tax cuts, refunds, and payment deferrals have covered 1.05 trillion yuan nationwide from January to July this year.

The global manufacturing PMI slightly recovered in August, indicating weak economic growth. Meanwhile, German factory orders fell by 11.7% in Q3, highlighting the country's economic struggles. The central bank of the Philippines is prepared to tighten monetary policy if needed to maintain stable inflation expectations.

Jiangsu province has implemented policies to reduce the initial down payment ratio for first-time homebuyers and recognize housing but not loans for first homes. Meanwhile, inflation in the eurozone stalled in August, posing a dilemma for the European Central Bank.

The RMB has become the world's fifth largest reserve and payment currency, highlighting its growing international status. Domestic policy measures are being introduced to further enhance service trade development, while 44 companies have been officially delisted this year. Internationally, industrial growth in Hanoi is under pressure, and Russia plans to extend foreign currency operation restrictions.

In August, China's manufacturing prospects improved while services growth slowed. The Ministry of Industry and Information Technology is planning further policy measures to support industrial economic development. The National Healthcare Security Administration clarified the scope of medical consumables covered by health insurance. China made new breakthroughs in high-power artificial source electromagnetic detection technology.

In August, local bond issuance reached a new high of 1.3 trillion yuan, driven by the central government's push for stable economic growth. Meanwhile, the National Development and Reform Commission is accelerating support policies for private economy development, and the Ministry of Industry and Information Technology is strengthening financial cooperation to expand enterprise financing channels.