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2026-09-20 Sunday

2026-09-22

11:34:54

[my country's Comprehensive Mechanization Rate for Crop Cultivation and Harvesting to Exceed 80% by 2030] Recently, the Ministry of Agriculture and Rural Affairs and the Ministry of Industry and Information Technology jointly issued the "National Agricultural Mechanization Development '15th Five-Year Plan'" (hereinafter referred to as the "Plan"), which clarifies the overall requirements, specific goals, and key tasks and measures for high-quality development of agricultural mechanization during the "15th Five-Year Plan" period. The Plan emphasizes addressing the shortcomings and weaknesses in agricultural mechanization, continuously improving the research, development, manufacturing, and application levels of agricultural machinery and equipment, and constantly enhancing the capacity for mechanized agricultural production and disaster prevention, mitigation, and relief. The Plan proposes that by 2030, significant achievements will be made in the high-quality development of agricultural mechanization, with the comprehensive mechanization rate for crop cultivation and harvesting exceeding 80%, and striving to increase it to over 75% in hilly and mountainous areas. Mechanization of livestock and aquaculture, and primary processing of agricultural products will accelerate; new technologies and equipment such as artificial intelligence and new energy will be widely applied in the field of agricultural mechanization; the socialized service capacity for agricultural machinery operations will be significantly improved, and the capacity for disaster prevention, mitigation, and relief will be significantly enhanced. The plan outlines five key tasks and measures: First, to further implement the high-quality development action plan for agricultural machinery and equipment, and accelerate the improvement of the supply capacity of advanced and applicable products; second, to focus on removing obstacles in pilot testing and maturation, and to intensify the promotion and application of agricultural machinery and equipment; third, to expand the application scenarios of agricultural machinery and promote the formation of new industries and new business models; fourth, to improve the quality and level of agricultural mechanization production and enhance the disaster prevention, mitigation, and relief capabilities of agricultural machinery; and fifth, to strengthen policy support across the entire industry chain and improve the management level of the agricultural machinery industry. (CCTV News)

11:07:25

China's total electricity consumption in August (year-on-year rate - monthly)

Previous : 1.70 Forecast : -

Published Value 1.70

Previous

11:07:24

China's total electricity consumption in August - monthly (billion kilowatt-hours)

Previous : 10400 Forecast : -

Published Value 10332

Previous

10:56:58

[Trump Administration Spends $7 Billion to Keep Employees "Off Work," DOGE Under Further Review] (1) A new government report shows that the Trump administration spent $7 billion to pay the salaries of employees who did not work during the buyout program, triggering a new round of review of the "DOGE era." The GAO estimates that after the DOGE, led by Musk, launched the buyout program, the government spent $6.7 billion on administrative leave; those who accepted the buyout received their salaries until the end of the fiscal year, and some people continued to receive salaries even though they did not perform their duties for several months during the deferred resignation period. (2) The report found that the use of paid leave in 2025 surged by 435% compared to 2023, and related personnel costs increased sixfold; the total number of paid administrative leave working days rose from about 4 million days to 21.6 million days; and the number of people taking more than three months of paid leave soared from 600 to nearly 100,000. The GAO estimates that 144,312 federal employees used the deferred resignation program. (3) Lawmakers’ criticism: Don Byr said it was stupid to pay employees to stay home for months doing nothing while depriving the public of their rightful services. He said the DOGE used the stupidest way to reduce staff. Subramaniam also said it was not surprising and that people who could eliminate waste, fraud and abuse should be kept in office. (4) Government’s defense: The Director of the Office of Personnel Management, Cooper, said that 270,000 federal employees have left since Trump took office. Paid leave cost a total of $9.5 billion, of which $6.7 billion was due to buyouts. He said this was a one-time expense, and that the annual cost of 270,000 employees was over $40 billion, so the government saved over $40 billion annually, a return of over 400%, and recouped its investment in less than six months. The White House did not respond to requests for comment. (5) Critics believe that other factors were not taken into account. The Public Service Partnership estimated that 132,000 people accepted buyouts. With layoffs and retirements, a total of 319,000 employees will leave in 2025, a record high, twice the annual average. However, the government then hired 20,557 people to fill the positions, and these new employees were often less experienced. Union member Huddleston questioned how the work was done, whether it was outsourced or rehired, arguing that the costs needed to be calculated to prove the savings. Bayer and Ive also criticized the dismissal of experienced workers and the hiring of new ones, saying it would take months or even years to get it right; Ive called Musk “running around like a madman, wielding a chainsaw,” one of the worst management failures in 50 years. Subramaniam considered the report to be a “conservative estimate” and argued that project losses and loss of expertise needed to be considered. (6) DOGE also faced backlash for other cuts, with multiple reports finding that it consistently overestimated its savings. The GAO’s August report found that DOGE’s “receipt wall” attributed the savings it was already implementing to itself and did not provide enough information to verify the calculation method for its 96% savings. Huddleston said the government had not yet proven that DOGE lived up to its name, that the costs were extremely high but the benefits were unclear, and that the whole undertaking appeared to be a huge failure.

10:50:28

[State Administration for Market Regulation: Accelerating the Improvement of a Regulatory System Adapted to a Super-Large-Scale Market] The State Council Information Office held a press conference this morning (20th) on the theme of the "15th Five-Year Plan" period. A relevant official from the State Administration for Market Regulation introduced that during the "15th Five-Year Plan" period, efforts will be accelerated to improve a regulatory system adapted to a super-large-scale market. The overall goal is that by 2030, my country will have a unified, standardized, and efficient market access and exit system fully established; the quality and efficiency of fair competition review and anti-monopoly and anti-unfair competition enforcement will be effectively enhanced; the level of building a quality-strong nation will be significantly improved; breakthroughs will be achieved in key common technologies in the fields of metrology, standards, certification and accreditation, and inspection and testing; significant progress will be made in building quality-strong enterprises, strong industrial chains, and strong counties; the level of rule-of-law supervision, credit supervision, and intelligent supervision will be significantly improved; the safety supervision of food, drugs, industrial products, and special equipment will be more powerful and effective; the consumer dispute resolution mechanism will be continuously improved; and the comprehensive market supervision system will be more mature and complete. (CCTV News)

10:29:05

[Trump Administration Begins Border Wall Construction in Big Bend Despite Local Opposition] (1) Despite opposition from local leaders, the Trump administration has begun construction on a section of the U.S.-Mexico border wall that runs through the Big Bend region of southwestern Texas. (2) U.S. Customs and Border Protection (CBP) told the Associated Press on Friday that work has begun installing 30-foot-high wall panels along this southern border. Construction began earlier this week, and the agency’s website also published a photo that appears to show cranes lifting the wall panels. CBP added that it does not plan to build the border wall in “Big Bend National Park, Big Bend Ranch State Park, or Black Canyon Wildlife Management Area.” (3) Big Bend is located at a bend in the Rio Grande River and is known for its mountain, river canyon, and desert landscapes, as well as being home to the national park of the same name. There are five projects in the area, with the Hudderspes County project referred to as “Big Bend 1” on the CBP website. A federal judge has suspended Big Bend 2 and 4 projects until the end of September to “allow more public participation.” (4) Local leaders and residents in Big Bend are concerned that the border wall project will infringe on landowners' rights, damage the national park, and consequently impact the economy. Clara Benson, founder of the Coalition Against the Big Bend Border Wall, told the Associated Press that she had received reports of construction materials being brought into the area and that the organization would “continue to fight for this land, no matter what.” She said, “We will fight to the end… You talk to people in West Texas, and they will say that even if they build it, we will fight to have it torn down. So this fight is not over.” (5) Yolanda Alvarado, a local rancher and regional director of the advocacy group Against the Big Bend Border Wall, said, “Our livelihoods are currently threatened. Not just landowners, but business owners, and not just Big Bend National Park… but everyone in this area.” (6) In March of this year, bipartisan sheriffs from five counties jointly wrote to federal and state officials opposing the construction of the border wall in the area. Recently, outgoing Texas Senator John Cornyn (Republican) urged federal officials to meet with stakeholders on the matter.

09:26:35

China's five-year loan prime rate (LPR) in September

Previous : 3.50 Forecast : 3.50

Published Value 3.50

Previous

09:26:34

China's one-year loan prime rate (LPR) in September

Previous : 3 Forecast : 3

Published Value 3

Previous

08:41:37

[Greenlanders React with Mixed Reactions to Potential Deal with the US: Expectations, Confusion, and Anxiety] (1) According to The New York Times, Greenlanders have mixed reactions to the news of a potential deal with the US. (2) On Saturday, the office of Danish Prime Minister Mette Frederiksen announced that the US, Denmark, and Greenland plan to sign a treaty next week to strengthen security in the Arctic and North Atlantic. (3) The report said that when news of the agreement spread throughout Greenland on Saturday, some islanders felt relieved, but confusion, unease, and an urgent question were also evident: what exactly is the agreement? (4) Some Greenlanders are hopeful that the agreement will benefit all parties; Naj Nathanielsen, a Danish member of parliament from Greenland, said: “If the agreement is eventually reached, it will create all the necessary conditions for a more normal relationship.” (5) Meanwhile, some islanders expressed concern that the United States would have excessive control over Greenland; a teacher in Nassack, a town in southern Greenland, said in an interview: “My first reaction was worry and doubt... It feels as if Trump is gaining a monopoly over Greenland.” (6) Trump had previously announced an indefinite agreement with Denmark to control the “security” of Greenland; under the agreement, the United States would gain security control of the island free of charge, and the Pentagon would immediately begin a large-scale deployment of troops on the island.

08:17:38

[“Electronic Industry Rice” Prices Surge Tenfold, Market Fluctuates Dramatically] MLCCs (Multilayer Ceramic Capacitors) are known in the industry as the “rice of the electronic industry.” From small mobile phones and home appliances to large AI servers and new energy vehicles, almost all electronic devices rely on them. Recently, the component market has experienced extreme market divergence: AI-driven shortages and soaring prices of high-capacity models have led to some spot prices skyrocketing several times over; ordinary consumer-grade products have seen a surge followed by a decline. Behind this contrasting trend is the upheaval caused by the AI computing power wave. The market began to develop at the end of May. News of the explosive demand for AI computing power spread to the component market, with major overseas manufacturers shifting a large portion of their consumer-grade production capacity to high-end AI products. Market concerns about tightening supplies of conventional materials led to distributors stockpiling. Entering June, the spot market entered a state of frenzy, with prices changing daily or even hourly. Some popular models saw price increases of 7-8 times in just one month, with spot prices reaching 2-10 times their original price. By early July, spot prices had peaked and then quickly reversed course. Distributors who had stockpiled large quantities of goods earlier were releasing them, but weak demand from downstream consumer electronics end-users meant there was a lack of sufficient buyers, leading to a significant price correction for consumer-grade MLCCs. Merchant Chen Zhixiao cited the most common part number 0603-104 as an example: "This is the most commonly used part number among all capacitors. In the second quarter, 1,000 pieces cost around 5 yuan; at its peak at the end of June, it could sell for 30 yuan, but now it has fallen back to 10 yuan." (CCTV Finance)

08:17:18

[Trump Announces the Formation of an "AI Force" and Appoints an "AI Tsar," Calling AI Security Concerns a "Hoax"] (1) Trump announced on Saturday plans to create an "AI Force" and appoint an "AI Tsar" to oversee the development of emerging technologies. In a lengthy article on Truth Social, he called concerns about the lack of AI safeguards at the federal level a "hoax" and said he would not allow the technology to be "destroyed" because American industry leaders are competing with other countries. (2) Trump said he would not hinder or stifle the growth of the industry in any way, but would cherish, help, and oversee its growth. He also said that he would easily find "bad guys" by leveraging the existing criminal and civil justice systems. (3) He compared the proposed "AI Force" to the Space Force he established during his first term, but did not explain how the agency would operate or what responsibilities it would assume. Regarding the new "AI Tsar" position, he said "only highly intelligent people can apply," but did not elaborate on the arrangements for the position. (4) Trump previously created an AI currency Tsar, with venture capitalist David Sacks serving as a special government employee. He stepped down earlier this year. (5) At the time of the announcement, AI researchers, tech CEOs, and global leaders warned of the need for safeguards as the industry develops increasingly powerful AI systems; for example, Anthropic CEO Dario Amodei called for a global slowdown, a call echoed by OpenAI CEO Sam Altman and Elon Musk (SpaceX, SpaceXAI, and Tesla). (6) Trump has resisted new federal restrictions, arguing that slowing the industry could threaten the U.S.’s global position in the AI race; his administration has emphasized accelerating the development of emerging technologies while addressing potential problems with guidelines. He reiterated on Saturday: “We will not in any way hinder or stifle the growth of this incredible industry. Instead, we will cherish it, help it, and oversee it as it grows!”

08:14:00

[Trump's Super PAC Invests Another $5 Million in Texas: MAGA Inc. Spends Another $5 Million, Advertising War Heats Up] (1) According to the latest Federal Election Commission (FEC) filing released Saturday, President Trump's super political action committee, MAGA Inc., has added another $5 million to its Texas Senate campaign, earmarked for political media company Del Ray Media LLC to run television and digital ads targeting Democratic candidate and state assemblyman James Tallariko. (2) This is the super political action committee's latest investment in the expensive advertising war between Republican Attorney General Ken Paxton and Tallariko, who are vying for the Senate seat of Republican Senator John Cornyn; earlier this month, FEC filings showed that the agency had provided Del Ray Media with $10 million to fund two attack ads targeting Tallariko. (3) According to FEC documents, Paxton's campaign also received nearly $54 million from the Texas branch of the Senate Leadership Fund (SLF), which is allied with Republicans; however, as of the end of June, Paxton was significantly behind Talarico in fundraising—Talarico's campaign reported about $21.5 million in cash on hand, while Paxton had only about $1.76 million available. (4) With less than seven weeks until the November election, the two candidates are neck and neck in the polls: a The Hill/Emerson College poll released Thursday showed Talarico leading by one percentage point; the nonpartisan election forecasting organization Cook Political Report rated the race "unpredictable." (5) As Republicans seek to maintain control of both houses of Congress this fall, pressure has been put on the president to use his massive campaign funds for the midterm elections; Trump has pledged to spend $400 million to $500 million in the midterm elections, with the remainder of super PAC funds reserved for the 2028 presidential election cycle. (6) The president said MAGA Inc. had “nearly $1 billion” in cash on hand, but the super PAC reported $403.45 million in a filing with the FEC at the end of July.

08:12:01

[Germany and Spain clash over EU's 2028-2034 long-term budget, with budget size and debt repayment becoming the focus] (1) According to a report by the Spanish newspaper El Español on the 18th, Germany and Spain clashed publicly over the EU's 2028-2034 long-term budget. The two sides had significant differences on issues such as the budget size and debt repayment arrangements after the pandemic, adding further uncertainty to the next round of EU budget negotiations. (2) German Chancellor Merz, along with the leaders of Denmark, the Netherlands, Austria, and Finland, published an article on Politico, demanding that the European Commission's proposed budget of approximately 2 trillion euros be reduced by "hundreds of billions of euros," arguing that new spending should not be continuously increased and taxpayers should foot the bill. (3) The European Commission's proposed budget for 2028-2034 is approximately 2 trillion euros, equivalent to 1.26% of the EU's gross national income, a nominal increase of about 60% compared to the 2021-2027 budget. The leaders of the five countries believe that this increase is "unrealistic." (4) The five countries advocate that while reducing the overall size, more funds should be used for areas such as competitiveness, defense, security, and combating illegal immigration. (5) Spain advocates for expanding the next round of budget. Spanish Minister of Economy, Trade and Enterprise, Quilpo, published an article on Politico proposing to increase the budget to the equivalent of 2% of the EU's gross national income to address economic and other needs. (6) The source of budget funding has become a point of contention. Quilpo proposed adjusting the repayment arrangements for the post-pandemic "recovery fund" debt, extending the repayment period for some debts, which would release approximately 70 billion euros. (7) The German business daily Handelsblatt reported that Germany, Denmark, Austria, and three other countries explicitly opposed postponing post-pandemic debt repayments and also opposed resolving budget funding issues through joint borrowing. Merz and others stated that the joint debt incurred during the pandemic has already placed a burden of nearly 170 billion euros on the next multi-year fiscal framework, so postponing the repayment of some debts cannot fundamentally solve the budget financing problem. (8) However, Politico reported that the European Commission and an increasing number of member states, including Italy, France, Portugal, and Poland, are beginning to support Spain's idea. Since the EU's multi-year fiscal framework requires the unanimous consent of all 27 member states, the differences between net contributors like Germany and countries like Spain that want to expand the budget will become one of the important factors affecting subsequent negotiations.

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