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August 29th – The 2026 China International Big Data Industry Expo is being held in Guiyang, Guizhou. Today, an official from the National Data Administration stated at the expo that the rapid application of big data models across various industries is driving a rapid increase in the volume of word token calls in my country, resulting in explosive market demand. Liu Liehong, Director of the National Data Administration, stated at a word token-themed exchange activity that the stronger the models comprehensive capabilities, the higher the efficiency of word token production, and the better the logic, accuracy, and quality of the output content. Word tokens provide an important benchmark for the measurement, pricing, transaction, and settlement of artificial intelligence services. Currently, the word token industry chain has gathered diverse entities such as computing power leasing companies, model manufacturers, data service providers, and professional technical service institutions, and different types of "word token factories" have evolved in practice.The Iranian government stated that it is committed to resolutely resisting US sanctions, and that diplomacy and defense are "complementary and inseparable."Nepals Finance Minister: Nepal needs $4 billion to $5 billion for disaster reconstruction.August 29th - Although Typhoon Saudel, the 18th typhoon of the year, has weakened into a tropical depression, its impact continues. Currently, the center of the weakened tropical depression is located in Jiangxi Province. Today, parts of northern, central, and southern Jiangxi will experience heavy rain, with some areas experiencing torrential rain. At the same time, winds will increase across the province. The Central Meteorological Observatory continued to issue a yellow alert for heavy rain at 10:00 AM on August 29th: It is expected that from 2:00 PM on August 29th to 2:00 PM on August 30th, parts of northeastern Inner Mongolia, western and northern Heilongjiang, central and northern Anhui, northern Jiangsu, eastern and southern Hunan, western and southern Jiangxi, southwestern Yunnan, northeastern Guangxi, northwestern and southern coastal Guangdong, western Hainan Island, eastern Taiwan Island, and eastern Sichuan Basin will experience heavy to torrential rain. Among these areas, parts of northern Anhui, northern Jiangsu, southern Hunan, and northeastern Guangxi will experience torrential rain, with some areas in southern Hunan experiencing extremely heavy rain (250-270 mm). The aforementioned areas will experience short-term heavy rainfall (maximum hourly rainfall of 20-50 mm, locally exceeding 70 mm), and some areas will experience severe convective weather such as thunderstorms and strong winds.On August 29th, according to "Optics Valley of China," Wuhan Xinxin Semiconductor Manufacturing Co., Ltd. (Wuhan Xinxin) released its "Chip-Optics Plan." Over the next ten years, the company will be strategically guided by "optical sensing interconnection and 3D in-memory computing," building an internationally competitive specialized process wafer manufacturing and 3D integration industrial platform. It aims to create the leading industry cluster in "3D Link-Optoelectronic Fusion-SOI," striving to quadruple its production capacity, drive the coordinated development of a trillion-yuan-level upstream and downstream industrial chain ecosystem, and attract and cultivate over 10,000 high-end semiconductor talents.

Oil Rises on Hope That China's Consumption Would Rebound

Charlie Brooks

Dec 19, 2022 12:08

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Oil prices regained ground on Monday after falling more than $2 a barrel in the previous session, as optimism regarding China's reopening and a rebound in oil consumption outweighed concerns regarding a worldwide recession.


Brent oil futures increased 72 cents, or 0.9%, to $79.76 a barrel as of 01:03 GMT, while U.S. West Texas Intermediate crude jumped 60 cents, or 0.9%, to $74.89 per barrel.


China, the world's largest crude oil importer and second-largest oil consumer, is suffering the first of three projected waves of COVID-19 cases after the relaxation of movement restrictions.


Tina Teng, an analyst at CMC Markets, stated, "Despite an increase in COVID cases, reopening optimism and accommodating policies strengthen oil's demand forecast."


Caixin reported on Friday that China intends to increase flights with the objective of restoring the country's average daily passenger travel volumes to 70% of 2019 levels by January 6.


China's diesel and gasoline exports reached their highest level in almost a year in November, as refiners rushed to exhaust their 2022 export limits and liquidate increasing inventories.


Brent and WTI prices increased by more than 3 percent last week as a pipeline from Canada to the United States remained closed and its operator, TC Energy (NYSE:TRP), focused on cleaning up an oil spill. The closure of the pipeline, which has the ability to transport 622,000 barrels per day of Canadian oil to U.S. refiners, has boosted the price of U.S. heavy crude grades.


The U.S. Energy Department's statement on Friday that it will begin repurchasing crude oil for the Strategic Petroleum Reserve further bolstered expectations for higher prices.


This will be the first purchase by the United States since this year's record release of 180 million barrels from the stockpile.


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