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On August 25th, 2026, the Vietnamese Ministry of Industry and Trade issued Announcement No. 2084/QD-BCT, making a final determination in the third interim review of the anti-dumping duties on H-beam steel products originating from China. The decision was to adjust the anti-dumping duty on the producer/exporter, Hebei Jinxi Steel Co., Ltd., and its related trading companies, Hebei Jinxi International Trade Co., Ltd., Hebei Jinxi Steel Group Co., Ltd., Tianjin Xinyaxi International Trade Co., Ltd., and Qianxi County Kaijia Trade Co., Ltd., from 13.38% to 6.78%. The measures will take effect 15 days after the announcement and will remain in effect until September 5, 2027.On August 25th, according to the Guangxi Hydrological Center, from 8:00 AM on August 24th to 8:00 AM on August 25th, parts of Guilin, Wuzhou, Guigang, Chongzuo, Hezhou, Laibin, and Nanning experienced heavy to torrential rain, with localized areas experiencing extremely heavy rain. The highest daily rainfall was recorded in Daxijiang Town, Quanzhou County, Guilin City, at 151.5 mm. A total of 20 stations on 14 rivers in Guangxi, including the Zuojiang River and its tributaries Heishui River and Pingxiang River, the Mingjiang River and its tributaries Gongan River, Pailian River, Sizhou River, Pinger River, and Beilun River, experienced floods exceeding warning levels by 0.37 to 7.69 meters. The Yujiang River experienced its second flood of 2026. As of 8:00 AM on the 25th, 15 stations on 11 rivers in Guangxi, including the Yujiang River and its tributary Qinglong River, the Mingjiang River and its tributary Pailian River, the Zuojiang River and its tributary Kelan River, and the Pinger River, still exceeded warning levels by 0.36 to 7.68 meters.On August 25th, the draft revision of the Road Traffic Safety Law, submitted to the Standing Committee of the 14th National Peoples Congress for its first review, raised the maximum speed limit for electric bicycles in non-motorized vehicle lanes from 15 kilometers per hour to 20 kilometers per hour. It also explicitly stipulates that electric bicycle riders must not engage in activities such as riding against traffic, speeding, violating traffic signals, or making or receiving calls on a handheld phone or watching videos. Furthermore, the draft mandates that both drivers and passengers of electric bicycles wear safety helmets.On August 25, 2026, the draft revision of the Road Traffic Safety Law was submitted to the 24th session of the Standing Committee of the 14th National Peoples Congress for its first review. The current Road Traffic Safety Law came into effect in 2004, with amendments to certain clauses in 2007, 2011, and 2021. This draft revision comprises 9 chapters and 170 articles, clarifying the conditions for autonomous vehicles to operate on public roads, principles for handling traffic violations, and insurance systems; focusing on addressing prominent issues such as drunk driving, blind driving, abandoned vehicles, and vehicles exceeding emission standards, as well as the management of electric bicycles and "walking groups," it provides targeted improvements to the system and measures; while maintaining road traffic safety, it also promotes convenient measures to facilitate public travel.On August 25th, the Beijing Meteorological Observatory issued a yellow rainstorm warning signal at 09:00: Thunderstorms are expected from west to east in Beijing from the afternoon to the night of August 25th, with hourly rainfall exceeding 50 mm in most areas and cumulative rainfall exceeding 100 mm in some isolated areas. Mountainous and hilly areas may experience secondary disasters such as flash floods, mudslides, and landslides, while low-lying areas are prone to flooding. The Beijing Water Authority and the Beijing Meteorological Bureau jointly issued a yellow flash flood risk warning at 09:00: Flash floods are expected in mountainous areas of Beijing starting at 09:00 on August 25th (yellow risk). The Beijing Water Authority and the Beijing Meteorological Bureau jointly issued a blue flooding risk warning at 09:00: Flooding in the central urban area of Beijing is expected to be at a general risk starting at 09:00 on August 25th (blue risk).

US Fed Considering CBDC, But Not Decided To Pursue or Implement

Cory Russell

Apr 15, 2022 10:40

The Federal Reserve of the United States has said that it is exploring creating a central bank digital currency (CBDC). The central bank has not yet determined whether or not to pursue or deploy a digital dollar, according to the central bank.


The Fed, on the other hand, has already issued a CBDC report emphasizing the use of stablecoins like USD Coin and Tether; the statement on Thursday is the most important to date.

Fed Exploring CBDC “Benefits and Risks”

In a tweet today, the authority said that it is looking into the possible advantages and hazards of CBDCs.


It has also produced a series of CBDC FAQs, explaining why it is contemplating it now. Given technology improvements ushering in a rush of new private-sector financial goods and services, the Fed believes it is the "appropriate moment" to examine a digital dollar.


CBDCs, according to the bank, might provide a variety of advantages. A digital dollar, for example, might give consumers and businesses a simple, electronic version of central bank money, as well as a platform for entrepreneurs to develop new financial goods and services and promote quicker and cheaper payments.

Lawmakers Critical of Fed’s Progress

US legislators questioned Fed Chair Jerome Powell in January on the pace and status of the Fed's CBDC review, which was set to be released last summer.


Fed Governor Christopher Waller stated last month that he isn't sure that a CBDC is necessary for retail consumers in particular.


"Are we actually in need of it?" That is something I have yet to be persuaded of. It's not to say I couldn't be, but I've never seen that on a retail CBDC."


Tom Emmer, a Minnesota politician, sponsored a measure in January to restrict the Fed from exercising unilateral authority over the US CBDC. The lawmaker wants the central bank to be prohibited from issuing digital dollars to people directly.

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