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Content 3 · Events 15

Bloomberg Economics Warns U.S. AI Investment Slowdown Could Severely Impact China's Economic Growth

11.06 ·Reported ·Importance III ·Sources 1 ·China

A report released by Bloomberg Economics on November 6 stated that if the Democratic Party slows down AI investment and data center construction after a major victory in the U.S. midterm elections, China's growth, which relies on AI hardware exports, will be hit. Net exports contributed nearly 40% of China's economic growth in the third quarter, and chips and computer products accounted for 40% of the year-on-year increase in exports in the first nine months.

Gold price plunges intraday, 10-year real yield falls

10.30 ·Verified ·Importance III ·Sources 1 ·United States

On October 30, spot gold prices plummeted, while both the 10-year TIPS real yield and the US Dollar Index recorded declines. The divergence between macro factors and gold price trends reflects a sell-off triggered by a drying up of underlying liquidity in the money market.

Morgan Stanley Warns Offshore Chinese Stocks Could Fall Another 10%–15%

10.26 ·Reported ·Importance III ·Sources 1 ·China

On October 26, Bloomberg reported on a Morgan Stanley study saying that the Chinese stock market may not have bottomed out yet, and that offshore Chinese stocks could fall another 10%–15% before approaching historically low valuations, with weak economic consumption, pressure on e-commerce, and fears of tax-triggered selling of trusts intensifying the adjustment.

IMF Raises Taiwan's 2026 Growth Forecast to 10.7%, Lowers Mainland's to 4.5%

10.13 ·Reported ·Importance III ·Sources 1 ·China

On October 13, the IMF released its latest World Economic Outlook, raising Taiwan's 2026 growth forecast from 5.2% in April to 10.7%, while lowering the mainland's forecast by 0.1 percentage points to 4.5%; Taiwan's growth is mainly driven by demand for AI and advanced chips.

CCP Central Bank Issues Document on Policy Stance of the RMB Exchange Rate

10.12 ·Verified ·Importance III ·Sources 1 ·Beijing, China

The Chinese Communist Party's People's Bank of China issued the document "Policy Stance on the RMB Exchange Rate," reiterating that China has neither the need nor the intention to gain a trade advantage through exchange rate depreciation, and will never engage in competitive devaluation.

China's Q2 economic growth slows to 4.3%, below the full-year growth target range

10.11 ·Reported ·Importance IV ·Sources 1 ·China

According to a report by the Financial Times, China's economic growth in the second quarter fell to 4.3%, below the full-year target range of 4.5% to 5%. Retail sales and fixed-asset investment were weak, and the property market has been in a downturn for more than five years.

IMF Asia Department Head Says China's Growth Model Is Nearing Its Limit and Calls for Reform

10.11 ·Reported ·Importance III ·Sources 1 ·China

Srinivasan, head of the International Monetary Fund's Asia Department, noted that China's growth model of relying on investment, manufacturing and exports is approaching its limits, and suggested improving the social security system, adjusting local government incentives and the land-finance model, warning that otherwise the country could fall into a prolonged slowdown.

Study projects China's government debt interest payments to reach 1.4 trillion yuan in 2026

10.11 ·Reported ·Importance III ·Sources 1 ·China

Research by the Conference Board shows that interest payments on the debt of China's central and local governments are expected to reach 1.4 trillion yuan in 2026, far exceeding the roughly 348 billion yuan in 2014; central government debt service is projected to rise to 19.2% of the general public budget.

Wall Street Journal Says China’s Recent Economic Stimulus Measures Are Limited in Strength

10.08 ·Reported ·Importance IV ·Sources 1 ·China

On October 8, The Wall Street Journal reported that, facing difficulties such as the real estate downturn, insufficient domestic demand, and second-quarter GDP growth slowing to 4.3%, the stimulus measures introduced by the Chinese government — including mortgage subsidies and capital injections into banks — lean toward caution and are unlikely to fundamentally reverse the economic weakness.

Pan Gongsheng Announces Four New Monetary Policy Measures and an Adjustment to the Policy Rate Tenor

2026.10 ·Reported ·Importance IV ·Sources 1 ·Beijing

At the Financial Street Forum, Pan Gongsheng announced the adjustment of the policy rate tenor, the establishment of liquidity support tools for non-bank institutions, the push to link large corporations' loans to the overnight repo rate, and the exit from the deposit and lending benchmark rates, turning intraday firefighting facilities from temporary tools into standing tools.

Analysis Argues the Rebound in Corporate Deposits Stems from Bill Arbitrage and the Transfer of Household Interest Income

2026.10 ·Reported ·Importance IV ·Sources 1 ·China

Based on calculations using multiple economic data points and the financial reports of listed real estate developers, the analysis points out that the current rebound in corporate deposits is mainly driven by credit bill arbitrage, and that the resulting gap in banks is ultimately filled by suppressing interest payments on households’ deposits nationwide.

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