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Live Updates

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2025-09-20Saturday

13:13:08

[Xpeng Motors Expects to Recruit 3,000 AI Graduates from the Class of 2026, with Annual Salaries of Up to One Million Yuan] On September 19th, Xpeng Motors held its first global campus recruitment event for the Class of 2026 at South China University of Technology. He Xiaopeng, CEO of Xpeng Motors and a 1995 Computer Science graduate from South China University of Technology, appeared as the "senior recruiter" and participated deeply in the campus recruitment process. The 2026 campus recruitment event is reportedly Xpeng's largest AI recruitment effort in history, with an expected recruitment of over 3,000 fresh graduates, including AI positions offering annual salaries of up to one million yuan.

13:07:38

Mexican Government Alleges Citizens Abused at "Alcatraz" in the US: On September 19th, local time, Mexican Foreign Minister La Fuente announced that the Mexican government has confirmed allegations of abuse of Mexican citizens at the "Alcatraz" immigration detention facility in Florida, USA. To date, Mexican consular services have assisted 198 Mexican citizens. La Fuente stated that while the Mexican government cannot directly initiate legal action, lawyers hired by the consulate or advocates for the detainees are working on the matter. The "Alcatraz" facility, part of the Trump administration's massive deportation campaign, officially opened on July 1st, just two months after construction began, and remains incomplete. Reports indicate that the number of detainees held there once approached 1,000. However, controversy continues to surround the facility, with multiple lawsuits already underway.

13:07:03

[Lagarde Says ECB Has Achieved Inflation Target, But Uncertainty Remains] European Central Bank President Christine Lagarde stated that the bank has achieved its inflation control target, but that despite the trade agreement with the United States, uncertainty about the economic outlook remains. In an interview with Danish Broadcasting Corporation (DRTV) aired on Saturday, Lagarde stated, "Interest rates must target the inflation level, and that is the target we set, and we have achieved that." She noted that the future trajectory has become more predictable after the EU and US reached an agreement on increased tariffs, but the situation remains less clear than before US President Trump began imposing tariffs. Lagarde stated, "The level of uncertainty has decreased by about 50%, which is a significant improvement compared to the previous situation. However, 'uncertainty remains, and everyone must deal with it.'" After eight 25 basis point interest rate cuts in a year, the ECB held borrowing costs steady at its second consecutive monetary policy meeting last week. Policymakers expect inflation to temporarily undershoot its target next year before stabilizing around 2%, and that economic growth will gradually resume in the coming quarters.

13:06:53

Guangdong's Robot and Drone Production Maintains Double-Digit Growth in the First Eight Months: On September 19th, the Guangdong Provincial Bureau of Statistics released a brief overview of Guangdong's economic performance in August. From January to August, the province's industrial value added above designated size increased by 2.2% year-on-year, with manufacturing growing by 2.6%. Among key industries, the added value of computer, communications, and other electronic equipment manufacturing increased by 7.0%, while automobile manufacturing grew by 8.3%. Robot and drone production continued to maintain double-digit growth. By product, the robotics and drone industries showed strong growth, with production of industrial robots, service robots, and civilian drones increasing by 32.1%, 17.3%, and 54.7%, respectively. Clean energy products also saw strong growth, with production of wind turbines, solar cells (photovoltaic cells), and new energy vehicles increasing by 43.3%, 81.5%, and 21.9%, respectively.

13:05:58

ECB President Lagarde: Europe still faces uncertainty

12:18:23

Shinjiro Koizumi announces his candidacy for Liberal Democratic Party presidency, aiming to boost wage growth in Japan. Shinjiro Koizumi, a reformist and current Minister of Agriculture, Forestry, and Fisheries, announced he will immediately enact new economic measures to combat inflation and aims to raise average wages by 1 million yen (approximately $6,760) over five years. Koizumi unveiled his policy proposals on Saturday, including a gasoline tax cut and a comprehensive income tax overhaul, while also aiming to use the increased tax revenue to stimulate economic growth. In addition to the wage growth target, he also plans to increase investment in Japan by 135 trillion yen by fiscal 2030. "My top priority is to resolve the pressing issue of high prices facing the people and restore a sense of security and stability in their lives," Koizumi said at a press conference in Tokyo, formally announcing his candidacy for the presidency of the Liberal Democratic Party. Koizumi, currently Japan's agriculture minister, stated, "We will prioritize the economy, working to raise wages and expand investment to achieve national income growth that outpaces price increases." He stated that achieving the wage growth target hinges on a 2% inflation rate (consistent with the Bank of Japan's price target) and a 3% annual nominal wage growth rate. As part of a comprehensive tax reform, Koizumi announced that he would introduce a system that adjusts the tax-exempt portion of income based on price and wage growth.