As of the end of August 2023, China's foreign exchange reserves decreased by 1.38% to $3.1601 trillion. Domestically, Shanghai introduced a housing provident fund support policy for urban renewal, and the Bank of Communications reduced interest rates on existing housing loans. Internationally, the US dollar reached a six-month high, and the Eurozone's GDP growth slowed due to declining exports.

PVC Price Dynamics of the Tianjin Bohai Chemical Industry Group Co,. Ltd

PVC Price Dynamics of the Hubei Yihua Group

PVC Price Dynamics of the Inner Mongolia Sanlian Chemical Co., ltd.

The Global Manufacturing Purchasing Managers Index rebounded slightly in August, indicating a weak recovery trend. Meanwhile, German factory orders fell sharply by 11.7% in the third quarter, reflecting ongoing economic challenges in Europe. The Philippine Central Bank is prepared to tighten monetary policy if necessary, and OPEC+ production cuts may ease core inflation.

China tightens IPO pace, with a 31% decrease in August. Jiangsu reduces first home down payments and loan interest rates. ECB faces a dilemma as eurozone inflation remains unchanged, while the Bank of Japan maintains its bond purchase plan.

The RMB has become the world's fifth largest reserve and payment currency, marking significant progress in its internationalization. Meanwhile, Wuxi has implemented a new housing loan policy, recognizing housing but not loans, to optimize the housing credit system.

China's manufacturing outlook improved in August, while the service industry's growth momentum slowed down. The Ministry of Industry and Information Technology plans further policy measures to support industrial recovery. The National Healthcare Security Administration clarified the scope of medical consumables covered by medical insurance. China also achieved new breakthroughs in deep-sea high-power artificial source electromagnetic detection technology.

Local bond issuance in August reached a record high of 1.3 trillion yuan, the People's Bank of China (PBC) is studying adjustments to pre-LPR housing loan rates, and the Ministry of Industry and Information Technology (MIIT) is enhancing cooperation with financial sectors to broaden financing channels for small and medium-sized enterprises (SMEs).

Latest domestic and international news

Latest domestic and international news

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