B[Chen Jining met with Chairman Chen Huaiyu, President Wang Chunying and representatives of international business institutions of the Export-Import Bank of China] September 2nd, Secretary of the Shanghai Municipal Party Committee Chen Jining met this afternoon with Chairman Chen Huaiyu, President Wang Chunying and representatives of international business institutions of the Export-Import Bank of China who came to Shanghai to attend the 4th International Ship Financing Forum.
Chen Jining welcomed the Export-Import Bank of China for holding the 4th International Ship Financing Forum in Shanghai, and introduced the latest situation of Shanghai's economic and social development, especially the construction of an international shipping center, to Chinese and foreign guests. Chen Jining said that as China's economic center city and the frontier window for reform and opening up, Shanghai is accelerating the construction of "five centers" and strives to give full play to its leading and exemplary role in promoting Chinese-style modernization. The city of Shanghai thrives because of its port and shipping. We strive to seize opportunities for green and intelligent transformation of shipping, continuously improve our global allocation capabilities of shipping resources, and vigorously promote the high-quality development of the shipping industry. The companies and organizations here have been deeply involved in China and Shanghai for many years, and are witnesses and participants in the construction of Shanghai International Shipping Center. They are welcome to make better use of their own advantages, strengthen cooperation and docking between the two parties, and put more new shipping businesses, new projects, and new institutions in Shanghai. We will continue to create a market-oriented, legal and international first-class business environment, accelerate the development of the shipping service industry, and support shipping companies and institutions to achieve better development in Shanghai.
Chen Huaiyu and Wang Chunying made exchange speeches with representatives of international business institutions, including George Procopio, Chen Bing, Angelique Francou, and Chen Shuwan, based on their respective business layouts and cooperation in Shanghai. They were full of expectations to share the cutting-edge trends of the industry and reach a series of cooperation consensuses at the 4th International Ship Financing Forum. Everyone expressed that Shanghai, as an international shipping center, is an important city for the global layout of shipping companies. They are willing to make further use of Shanghai's comprehensive advantages in shipping, finance, technology, and supply chain management, continue to increase investment and business layout in Shanghai, deepen cooperation around shipbuilding and high-end shipping services, achieve win-win development in both directions, and better assist the construction of Shanghai as an international shipping center.
Municipal leader Hua Yuan attended the meeting. (Shangguan News) B[Minister of Science and Technology Yin Hejun led a delegation to the United States to attend the 2026 G20 Innovation Ministerial Meeting] September 2, 2026. From August 31 to September 1, 2026, Minister of Science and Technology Yin Hejun led a Chinese delegation to the United States to attend the G20 Innovation Working Group Innovation Ministerial Meeting. Yin Hejun said that the development of emerging technologies represented by artificial intelligence has entered an unprecedented active period, with opportunities and challenges coexisting, and it is urgent for all countries to work together to respond. China has always placed scientific and technological innovation in a prominent position in its modernization drive and continued to expand high-level scientific and technological opening up. In the field of artificial intelligence, China emphasizes the concept of people-oriented and upward goodness, is committed to promoting global artificial intelligence capacity building, and contributes Chinese solutions to bridge the digital intelligence gap. This innovation ministerial meeting was chaired by Michael Kratzios, director of the White House Office of Science and Technology Policy. With the theme of "Leading Innovation by Artificial Intelligence and Emerging Technologies", extensive and in-depth discussions were held around topics such as "Innovation Support Policy Framework", "Technology Empowers Prosperous Development" and "Technical Talent Team Building". The meeting reached many consensuses on policy principles for artificial intelligence and emerging technology innovation, and on improving workers’ artificial intelligence skills. During the meeting, Yin Hejun held talks, meetings and exchanges with the science and technology ministers or their representatives of the United Kingdom, Argentina and other countries, and exchanged in-depth views on deepening bilateral and multilateral scientific and technological innovation cooperation. B[Beijing: Aiming to fully build a child-friendly city by 2030] On September 1, the Beijing Municipal People’s Government recently issued the “Beijing Women and Children Development Plan during the 15th Five-Year Plan Period.” It is proposed that by 2030, the system and mechanism to promote gender equality, women's comprehensive development and children's priority development will be more complete, fertility support and family support policies and measures will continue to be improved, a child-friendly city will be fully built, and the development level of women and children will remain at the leading level in the country and reach the international advanced level. By 2035, the development level of women and children will be highly consistent with Beijing taking the lead in basically realizing socialist modernization, and women and children's sense of gain, happiness, and security will be fully satisfied. B[Trump said the U.S. economy may grow at a rate of 20%. The U.S. Bureau of Economic Analysis estimates that real GDP growth in the second quarter was only 1.5% on an annualized basis.] On September 1, U.S. President Trump said on Monday that the U.S. economy could grow at a rate of as high as 20%. At the same time, he believed that even such rapid economic growth should not prompt the Federal Reserve to raise interest rates. “Our GDP growth could be 14%, 15%, 16%, even 20%,” Trump said at an event in the Oval Office of the White House aimed at unveiling an agreement to reduce prescription drug prices. "Economic growth does not mean it will cause inflation."
However, economic growth approaching the levels proposed by Trump is almost unprecedented in modern American economic history. According to data from the U.S. Bureau of Economic Analysis (BEA) dating back to 1947, there has only been one quarter in history in which U.S. real GDP has reached or exceeded 20% on an annualized basis. That was in the third quarter of 2020, when the U.S. economy quickly restarted as the COVID-19 lockdown measures were lifted, and real GDP annualized growth reached 34.9%. In the previous quarter, the U.S. economy shrank at an annual rate of 28%. The current economic growth rate in the United States is far from Trump’s goal. According to the latest estimates from the U.S. Bureau of Economic Analysis, real GDP growth will be 1.5% in the second quarter of 2026, down from 2.1% in the first quarter. B[Ministry of Commerce: Mutual benefit and win-win results in China and ASEAN's production and supply chains will be promoted from three aspects] On September 1, Wang Liping, Director of the Asia Department of the Ministry of Commerce, said that in the next step, mutual benefit and win-win results in the production and supply chains of both parties will be promoted from three aspects. In terms of strengthening cooperation in emerging fields, we support the deepening of mutual investment in the digital economy, green development, blue economy and other fields, and rely on carriers such as "two countries, two parks" and cross-border industrial parks to promote efficient linkage in R&D innovation, production and manufacturing, scenario application and other links, and create an emerging industry ecosystem with complementary advantages and deep inter-embeddedness. In terms of strengthening regional connectivity, we should vigorously develop multimodal transport models such as "rail-sea" and "river-rail-sea" to continuously improve the efficiency of port operations, break up cross-border circulation chokepoints, effectively improve the efficiency of resource allocation, and promote the free flow of key products and services between China and ASEAN. Continue to promote mutual recognition cooperation in standards and conformity assessment, reduce compliance costs for enterprises, improve trade facilitation, and provide a stable and predictable market environment for enterprises to carry out cross-border cooperation. In terms of strengthening digital intelligence empowerment, digital intelligence upgrading is the only way to promote the modernization of the China-ASEAN regional production and supply chain. Enterprises on both sides are encouraged to actively use modern digital technologies such as artificial intelligence, big data, and the Internet of Things to promote information interconnection in all aspects of production, logistics, and trade, stimulate the vitality of data elements, and create a more resilient industrial and supply chain. B[Hyundai Motor’s labor and management finally reached a salary agreement, including salary increases, performance bonuses and new employees] On September 1, Hyundai Motor’s union announced that 39,600 members of all members voted on the preliminary agreement on this year’s salary negotiations. A total of 31,200 people participated in the vote (voting rate reached 78.63%), of which 19,200 voted in favor, and the agreement was passed with a approval rate of 61.55%. The main contents of the agreement include: increasing the basic monthly salary by 100,000 won (approximately RMB 490); issuing a performance bonus equivalent to 400% of the monthly salary, and paying an additional 12.7 million won; employees will receive 15 shares of company stock, welfare points worth 500,000 won, and an increase in summer vacation subsidies by 200,000 won and other benefits. The employer also agreed to recruit 500 new production employees from the second half of 2027 to 2028. A[Beijing: Accelerate the formation of a global digital economy demonstration center, a source of global medical and health innovation, a gathering place for international modern service industries, and an open highland for two-way mutual promotion] On August 31, the Beijing Municipal Bureau of Commerce issued the "Beijing High-level Open Economic Development Plan during the "15th Five-Year Plan" Period", which proposed that by 2030, the national service industry will expand the opening-up comprehensive demonstration zone and the China (Beijing) Free Trade Pilot Zone (referred to as the "two zones"). ") and the China International Fair for Trade in Services, Zhongguancun Forum, Financial Street Forum, and Beijing Cultural Forum (referred to as the "Four Platforms") have further enhanced their role in promoting opening up, achieved greater breakthroughs in opening up key areas and reforming key links, accelerating the construction of a new higher-level open economic system, and accelerating the formation of a global digital economy demonstration leader, a global source of innovation in medicine and health, a gathering place for international modern service industries, and an open highland for two-way mutual promotion. By 2035, Beijing will be at the forefront of serving the country's new pattern of opening up, its ability to participate in the governance of international economic and trade rules will be greatly improved, and the new advantages of a higher-level open economy will be further enhanced. A[Today’s investment public opinion hot spots]
1) PCB: The price of Kingboard laminates has increased for the seventh time this year, with a unified price increase of 10% for all thickness FR-4 copper-clad laminates; the price of PP prepreg has been adjusted according to specifications, with thick cloth PP above 7628 (inclusive) increasing by 10%, and thin cloth PP below 7628 increasing by 20%.
2) AI application: "Journey to the West" has been officially finalized. As the first long-term AI drama broadcast on stars in China, it does not involve real actors and adopts an innovative model of "production, review, and broadcast".
3) Agriculture: Many institutions have pointed out that this year's El Niño phenomenon will be the strongest in modern meteorological records, which may intensify extreme weather such as drought and heavy rainfall in many places around the world, and have an impact on agricultural production.
4) Liquid cooling: CCTV Finance said that liquid cooling production lines in Shandong, Guangdong and other places are operating at full capacity, and core equipment CDU orders have been scheduled until the end of 2026, with some delivery cycles expected to 2027.
5) Real estate chain: The China Securities Regulatory Commission has formulated the "Opinions on Capital Market Support for the Construction of a New Real Estate Development Model" to support the refinancing of listed real estate companies and the comprehensive use of issuance of shares, directional convertible bonds, cash and other tools to acquire real estate-related assets. A[The 2026 National Social Science Fund Annual Project Review Working Meeting was held in Beijing] August 30th, the 2026 National Social Science Fund Annual Project Review Working Meeting was held in Beijing on August 30. The meeting emphasized that Chinese-style modernization provides a rich practical foundation and broad space for innovation for the high-quality development of philosophy and social sciences. It is necessary to focus on the primary tasks, make full use of resources and methods from various disciplines, and continue to deepen the physical and chemical research and interpretation of the party's innovative theoretical system. It is necessary to accelerate the construction of an independent knowledge system of Chinese philosophy and social sciences, actively research and solve major theoretical and practical issues in Chinese modernization, promote the creative transformation and innovative development of China's excellent traditional culture, and promote exchanges and mutual learning among civilizations. We must focus on building a scientific research management system and organizational form that is conducive to research and solving real problems, deepen the systematic reform of the National Social Science Fund, advocate excellent academic style and writing style, improve the academic evaluation system, stimulate scientific research vitality, and promote digital intelligence to empower philosophy and social science research.
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