B[Foreign Exchange Administration: China’s foreign debt has increased slightly, mainly due to factors such as relatively active cross-border trade] On September 29, Li Bin, deputy director and spokesperson of the State Administration of Foreign Exchange, answered reporters’ questions about China’s foreign debt data at the end of June 2026. Li Bin said that in the second quarter of 2026, China’s foreign debt situation was generally stable. First, the scale of foreign debt increased slightly. At the end of June 2026, China's full-scale (including local and foreign currency) external debt balance was US$2,498.2 billion, an increase of US$86.1 billion, or 4%, from the end of March 2026. This was mainly due to factors such as relatively active cross-border trade, and the growth of corporate trade credit and inter-affiliated company loans. Second, the currency structure of foreign debt has been optimized and the term structure is basically stable. At the end of June 2026, local currency foreign debt accounted for 56%, an increase of 1 percentage point from the end of March 2026; medium and long-term foreign debt accounted for 41%, the same as the end of March. B[Foreign Exchange Administration: As of the end of June 2026, China’s full-scale external debt balance was 17,014.8 billion yuan] On September 29, the State Administration of Foreign Exchange announced China’s full-scale external debt data as of the end of June 2026. At the end of June 2020, China's full-scale external debt balance (including local and foreign currencies) was RMB 17,014.8 billion (equivalent to US$2,498.2 billion, excluding the external liabilities of Hong Kong SAR, China, Macau SAR and Taiwan, China). In terms of institutional sectors, the general government's external debt balance was 2,593.7 billion yuan (equivalent to US$380.8 billion), accounting for 15%; the central bank's external debt balance was 730.9 billion yuan (equivalent to US$107.3 billion), accounting for 4%; banks The balance of external debt was 6,793.1 billion yuan (equivalent to US$997.4 billion), accounting for 40%; the balance of external debt of other departments (including loans between affiliated companies) was 6,897.1 billion yuan (equivalent to US$1,012.7 billion), accounting for 41%. B[Foreign Exchange Administration: China's external financial assets at the end of June 2026 were US$12,180.4 billion and securities investment assets at US$2,157.2 billion] On September 29, the State Administration of Foreign Exchange announced China's international investment position statement at the end of June 2026. At the end of June 2026, China's external financial assets were US$12,180.4 billion, external liabilities were US$8,355.5 billion, and external net assets were US$3,824.9 billion. Among the external financial assets, direct investment assets were US$3,584.9 billion, securities investment assets were US$2,157.2 billion, financial derivative assets were US$51.5 billion, other investment assets were US$2,600.5 billion, and reserve assets were US$3,786.3 billion, accounting for 29%, 18%, and 0. 4%, 21% and 31%; among external liabilities, direct investment liabilities are US$4.170 billion, securities investment liabilities are US$2.6232 billion, financial derivative liabilities are US$21.8 billion, and other investment liabilities are US$1.5404 billion, accounting for 50%, 31%, 0.3% and 18% of external liabilities respectively. B[Jiangsu: Total retail sales of consumer goods in the province from January to August increased by 1.0% year-on-year] On September 22, the Jiangsu Provincial Bureau of Statistics released a brief summary of Jiangsu's economic performance from January to August. From January to August, the total retail sales of consumer goods in the province was 3.12994 billion yuan, a year-on-year increase of 1.0%. In August, the retail sales of communication equipment above designated size, cultural office supplies, and cosmetics increased by 44.7%, 41.8%, and 7.9% respectively year-on-year. Among them, the retail sales of computers and their ancillary products, and smartphones increased by 78.2% and 52.2% respectively. B[CDB: New policy financial instruments in 2026 have invested 460 million yuan in the first batch of projects] On September 3, according to the China Development Bank, China Development Bank has realized on September 2 that the new policy financial instruments in 2026 have invested 460 million yuan in the first three private investment and private capital participation projects, all of which will be used to supplement project capital, support the construction of major projects, and increase support for private investment projects. The new policy financial instrument is a special financial instrument established by three policy banks, the China Development Bank, the Export-Import Bank of China, and the Agricultural Development Bank of China. It raises funds through the issuance of financial bonds and other methods, and is specially used to supplement the capital gap of national strategic infrastructure projects and major projects in specific industries. The scale of new policy financial instruments will be expanded from 500 billion yuan in 2025 to 800 billion yuan in 2026, and is expected to leverage a total investment of 8 trillion yuan to 11 trillion yuan. 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. A[Anhui: The operating income of industrial enterprises above designated size in the first seven months increased by 17.6% year-on-year] August 30th, according to the Anhui Bureau of Statistics, from January to July, industrial enterprises above designated size in Anhui Province achieved operating income of 3,725.73 billion yuan, a year-on-year increase of 17.6%; operating costs incurred were 3,227.32 billion yuan, an increase of 16.2%; and total profits were 195.91 billion yuan, an increase of 63.5%. From January to July, the cost per 100 yuan of operating income of industrial enterprises above designated size was 86.62 yuan, and the expense per 100 yuan of operating income was 7.31 yuan. At the end of July, the accounts receivable of industrial enterprises above designated size were 1,635.85 billion yuan, a year-on-year increase of 25.6%; the inventory of finished products was 310.74 billion yuan, an increase of 19.6%. At the end of July, the operating income of industrial enterprises above designated size per 100 yuan of assets was 80.2 yuan, and the per capita operating income was 2.089 million yuan.
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