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On August 26, Yao Jun, Director of the Planning Department of the Ministry of Industry and Information Technology, stated at a press conference held by the State Council Information Office that during the 15th Five-Year Plan period, the Ministry will promote the high-quality development of the raw materials industry. First, it will promote the optimization and upgrading of the industrial structure, with the core being to promote adaptation and enhance capabilities. Promoting adaptation means deeply addressing capacity management in key industries such as steel and cement, strictly implementing capacity replacement policies, implementing dynamic early warning of capacity risks for key products, optimizing industrial layout, and directing resources towards advanced production capacity to achieve a two-way flow between supply and demand. Second, it will strengthen the security of the resource industry, with the core being to stabilize supply and increase quality. Stabilizing supply means actively promoting breakthroughs in core technologies for efficient mining, beneficiation, and smelting of scarce resources, strengthening the comprehensive utilization of low-grade, associated, and difficult-to-process ores, as well as solid waste, and improving the sustainability of resource security through "open source," "reduction," and "recycling." Third, it will lead the innovative development of the advanced materials industry, with the core being to focus on cutting-edge technologies and address pain points.U.S. Treasury Secretary Bessenter: I thank the Bahrainian Minister of Finance and Economy for his coordination in the “economic isolation” action. We will continue to work closely with President Trump to defend the integrity of the global financial system and weaken the threat posed by the Iranian regime.On August 26th, Australias second-largest superannuation fund established its largest overweight position in the yen in years, betting that the market is underestimating the likelihood of a Bank of Japan (BOJ) rate hike. Jimmy Louca, senior portfolio manager at the Australian Superannuation Trust, which manages approximately A$370 billion (US$265 billion) in retirement savings, said the fund has been increasing this position over the past six months as the yen weakened to near 160 against the US dollar. This is a rare bullish bet on the yen at a time when many investors are looking to sell it. Louca believes the markets sell-off of the yen is only partly correct—the drag from rising energy prices has already been priced in—but the likelihood of a BOJ rate hike appears to be underestimated. "A reversal of either of these factors should support the yen," he said. He believes the BOJ may raise rates next month and signal two more hikes thereafter. "If they largely deliver on those moves, I think Japanese government bond yields could rise further."On August 26th, the "Work Plan for Strengthening the Cross-Regional Quality Chain of Brain-Computer Interfaces in the Beijing-Tianjin-Hebei Region" was issued. It emphasizes strengthening research on common quality technologies. Support will be provided to leading enterprises, universities, research institutes, and medical institutions to conduct quality improvement activities, and joint efforts in quality technology research are encouraged. Common quality pain points will be identified, and landmark projects for strengthening the brain-computer interface quality chain will be promoted. Focusing on key aspects of brain-computer interfaces, such as neural signal acquisition, decoding, control, and feedback, and centering on EEG signal perception and acquisition, human-computer interaction technology, and typical application scenarios of brain-computer interfaces, breakthroughs and practical applications of common quality technologies such as novel dry electrodes, flexible electrodes, brain-computer interface signal acquisition chips, computational decoding chips, integrated whole-machine acquisition systems, and high-performance real-time decoding algorithms will be promoted.On August 26, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," introducing the relevant situation regarding the all-out efforts to implement the 15th Five-Year Plan and accelerate the promotion of new industrialization. Liu Yulin, Director of the Information and Communication Development Department of the Ministry of Industry and Information Technology, stated that efforts will be made to promote the construction of the open-source ecosystem, incubate a number of vibrant open-source projects, especially in the field of artificial intelligence, which will continue to exert its influence, allowing more entities to enjoy the benefits of open-source technology. At the same time, support will be given to high-quality projects such as open-source operating systems and open-source datasets, enabling them to be implemented in more manufacturing scenarios. Strengthening the training of open-source talent will enable more people to understand, use, and utilize open source, fostering a positive atmosphere of co-creation and sharing. A more relaxed and friendly development environment will be created for entrepreneurs and developers in terms of data resources, tools, and application scenarios.
