Macroeconomics 1. [Oil & Gas Planning] The NDRC and the National Energy Administration have issued the "15th Five-Year Plan" for Oil and Natural Gas Development. The

Last week, supply from the north increased; meanwhile, downstream users resisted high raw material prices and largely adopted a wait-and-see approach, causing negotiated market prices

Macroeconomics 1. [Monetary Policy] The central bank released the Report on Monetary Policy Implementation in China for the second quarter of 2026. The report proposes the

Macroeconomics 1. [Monetary Policy] The People's Bank of China (PBOC) has issued its "Reform and Development Plan for the 15th Five-Year Plan Period," alongside nine supporting

Macroeconomics 1. [Automotive] CPCA (China Passenger Car Association): In July, national retail sales of passenger cars totaled 1.506 million units, down 18% year-on-year and 6% month-on-month;

At the start of August, the domestic vinyl cyanide market saw prices surge to the 12,000–12,500 RMB/ton range, marking an increase of 600–700 RMB/ton from

Macroeconomics 1. [Reverse Repo] To maintain ample liquidity in the banking system, the People's Bank of China will conduct a 500-billion-RMB outright reverse repo operation on

Macroeconomics 1. [Fed Interest Rates] The Federal Reserve announced that the Federal Open Market Committee (FOMC) has agreed to maintain the target range for the federal

Macroeconomics 1. [Energy Sector Land Use Tax] The Ministry of Finance and the State Taxation Administration have adjusted the urban land use tax policy for enterprises

Macroeconomics 1. [Electricity] National Energy Administration: In June 2026, the volume of electricity traded in the national market reached 627.5 billion kWh, a year-on-year increase of

Macroeconomics 1. [MLF] The People's Bank of China will conduct a Medium-term Lending Facility (MLF) operation worth 500 billion RMB on July 24. Wind data shows

This week, localized supply reductions in East China, coupled with buyer restocking, drove major vinyl cyanide suppliers to raise their quotes—as there was no immediate

Macroeconomics 1. [Electric Power] National Energy Administration: As of the end of June, the country's cumulative installed power generation capacity stood at 4.04 billion kilowatts, a

Macroeconomics 1. [US Tariffs] On July 21 (local time), US President Trump announced via social media that all generic drugs imported into the US would continue

Macroeconomics 1. [US-Iran Conflict] Sources revealed that Iran has told Yemen's Houthi rebels to blockade the Bab el-Mandeb Strait if the US attacks Iran's power grid.

Driven by strong cost-side factors and sustained essential buying interest—and with no immediate inventory pressure—major vinyl cyanide suppliers have generally raised their quotes. As of

Macroeconomics 1. [GDP] National Bureau of Statistics: Preliminary estimates show that China's Gross Domestic Product (GDP) for the first half of the year totaled 69.5704 trillion

Macroeconomics 1. [Reverse Repo] On July 15, 2026, the People's Bank of China will conduct an outright reverse repo operation totaling 1.4 trillion RMB. The operation

Macroeconomics 1. [Boosting Consumption] The State Council has approved the "15th Five-Year Plan for Expanding Consumption." The goal is for the overall scale of the consumer