Macroeconomics

1. [Industrial Enterprise Profits] National Bureau of Statistics: In August, profits of industrial enterprises above designated size turned from a year-on-year decline of 1.5% in the previous month to a growth of 20.4%. From January to August, total profits of industrial enterprises above designated size nationwide reached 4692.97 billion RMB, a year-on-year increase of 0.9%. From January to August, total profits of the mining industry reached 566.11 billion RMB, a year-on-year decrease of 30.6%; total profits of the manufacturing industry reached 3523.35 billion RMB, a 7.4% increase; and total profits of the electricity, heat, gas, and water production and supply industry reached 603.51 billion RMB, a 9.4% increase.

2. [Electricity] The National Energy Administration released data showing that from January to August, the country's cumulative installed power generation capacity reached 369 billion kilowatts, an increase of 18% year-on-year. Of this total, installed solar power capacity reached 112 billion kilowatts, a year-on-year increase of 48.5%; and installed wind power capacity reached 580 million kilowatts, a year-on-year increase of 22.1%.

3. [US Consumer Confidence Index] The latest data from the University of Michigan shows that the consumer confidence index fell to 55.1 in September, down 3.1 points from the previous month, a drop of about 5%, and below the market expectation of 55.4. This level is the lowest since May this year.

4. [US PCE Price Index] The US core PCE price index rose 0.2% month-on-month in August, in line with the forecast of 0.2% and the previous value of 0.3%. It also rose 2.9% year-on-year, in line with the forecast of 2.9% and the previous value of 2.9%.

Building Materials

1. [Glass] Langfang Jinbiao Glass Co., Ltd.'s first production line, with a designed capacity of 600 tons/day, originally produced Gray Tea and switched to producing European Gray on September 25th.

Hubei Three Gorges New Building Materials Co., Ltd.'s third production line, originally produced European Gray, switched to producing Ford Blue and began production on September 23rd.

2. [Wood Pulp] According to statistics, since August, six large-scale packaging paper production lines have been put into operation: Nanning Sun Paper, Yunnan Dongsheng Paper, Kunming Red Star Ronghe Paper, Hebei Henkel New Materials, and Suzhou Shanying Paper, with a total actual production capacity exceeding 2 million tons.

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