B[Wang Weiming, Chief Engineer of the Ministry of Industry and Information Technology: Special actions to improve automobile standards will be implemented Optimizing points management policy] On September 19, Wang Weiming, chief engineer of the Ministry of Industry and Information Technology, said at the 2026 China Automotive Industry Development (TEDA) International Forum that it is necessary to further optimize the management of the automobile industry, deeply promote product production consistency and quality improvement actions, guard the bottom line of product safety, implement special actions to improve automobile standards, give full play to the role of standards in leading industrial upgrading, optimize points management policies, establish a power battery digital ID system, do a good job in the implementation of optimization work, normalize network chaos, and standardize the order of industry competition with the spirit of nailing. (Securities Times) B[The State Administration for Market Regulation: Strengthen efforts to regulate improper administrative intervention and vigorously maintain healthy competitive market order] On September 15th, the Party Committee of the State Administration for Market Regulation held a special meeting on comprehensive and strict party governance and a regular meeting with the discipline inspection and supervision team stationed in the State Administration on September 11. The meeting emphasized the need to further improve the political position, firmly establish and practice the correct view of political performance, take the initiative to assume responsibilities, strengthen coordination, consciously accept supervision, and effectively enhance the sense of mission and urgency to promote the construction of a national unified market. It is necessary to further strengthen the role of responsibilities, continue to strengthen the construction of market infrastructure, intensify efforts to regulate improper administrative intervention, vigorously maintain healthy competitive market order, and further promote fair and unified supervision and law enforcement. It is necessary to further deepen reform and innovation, persist in using reform thinking and innovative methods to solve development problems, and proactively solve the institutional problems that restrict the construction of a unified national market. It is necessary to work in the same direction with the Discipline Inspection and Supervision Team of the General Administration, implement it with a nailing spirit, and respond to the concerns of the Party and the people with practical achievements in building a unified national market. B[U.S. core CPI rose more than expected to strengthen the case for tightening, and the market’s probability of raising interest rates soared to 90%] September 11th, a key indicator of U.S. consumer prices rose more than expected last month, providing more basis for the Federal Reserve’s meeting next week to raise interest rates. Data released by the U.S. Bureau of Labor Statistics on Friday showed that the consumer price index excluding food and energy rose 0.3% month-on-month in August. On a year-over-year basis, the indicator rose 2.4%. Increases in energy costs pushed overall consumer prices up 0.4% from the previous month, while the year-on-year increase was 3.4%. Futures trading shows that investors believe that next week's interest rate hike is almost certain, and the probability of a second rate increase before the end of the year is also quite high.
The report showed that pressure from the Iran war, tariffs and massive data center construction kept inflation barely moving toward the Fed's target last month. With some officials suggesting that the Fed's decision on September 15-16 may ultimately hinge on Friday's data, the Fed may be looking at indicators that are tilting toward raising interest rates for the first time in three years. Fed Chairman Kevin Warsh has been reluctant to reveal the Fed's next steps, but he said in a speech last month that if the Fed is not confident that "underlying inflation is moving clearly and rapidly enough toward our goals," we "have work to do."
At the same time, the U.S. economy is facing a rebound in energy prices as conflicts in the Middle East and the Russia-Ukraine war impact energy supplies. This week, crude oil futures topped $100 a barrel, while retail diesel prices in the country also hit new highs. Prices for services excluding energy and rent rose 0.5%, reflecting rising costs in categories such as communications, out-of-home accommodation and air tickets, the data showed. Prices of goods excluding food and energy commodities rose 0.1%, driven primarily by higher prices for new and used cars. This CPI report is the last major inflation indicator before the interest rate meeting in September. Another report released on Thursday also showed that the producer price index rose 0.4% month-on-month last month, the largest increase since May. The inflation measure the Fed looks at is the personal consumption expenditures price index, due out at the end of the month. Economists now expect headline inflation, as measured by this measure, to end the year above 3%, still well above the Fed's 2% target. B[Ministry of Industry and Information Technology: Special actions to improve automobile standards will be implemented to guide companies away from dependence on low-price routes] On September 11, the Ministry of Industry and Information Technology held a press conference to introduce the development of China's intelligent networked new energy vehicle industry. Guo Shougang, director of the Equipment Industry Department of the Ministry of Industry and Information Technology, said at the meeting that in the next step, we will further strengthen departmental coordination, continue to promote the standardization of the competition order in the automobile industry in a nail-driving spirit, and safeguard the high-quality development of the industry.
First, continue to standardize the order of industrial competition. Deeply rectify the industry's network chaos, guide and standardize new car launches and product evaluation activities. Strengthen the supervision and rectification of automobile companies that extend the payment period in disguised form, and improve the standardization and institutionalization of payment. We will intensify the supervision and enforcement of suspected illegal activities and resolutely maintain a healthy, orderly, clean and upright market environment.
The second is to play a leading role in standards. Implement special actions to improve automobile standards, improve standard requirements for key components, vehicle durability and reliability, accelerate the formulation of standards for automatic parking, safety event data exchange, etc., promote the "push to strong" of a number of new energy vehicle standards, upgrade and implement standards through standards, guide enterprises to get rid of dependence on low-price paths, and win the market with technology, quality, and service.
The third is to maintain the bottom line of quality and safety. Work with relevant departments to carry out in-depth actions to improve the production consistency and quality of road motor vehicle products, further strengthen the review and testing verification of innovative design of automobile products, increase product quality supervision and inspection, and seriously deal with automobile companies with problems in accordance with laws and regulations.
The fourth is to improve the system and mechanism. Accelerate the legislative process of the "Motor Vehicle Production Access Management Regulations" and improve the dynamic management mechanism of "in and out". Promote the group management of automobile production enterprises, improve the efficiency of resource allocation, and promote the exit of backward production capacity in accordance with laws and regulations. Give full play to the role of industry organizations, strengthen industry self-discipline, and jointly promote the construction of industrial ecology.
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