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On September 9th, the All-China Federation of Industry and Commerce (ACFIC) released the "2026 Report on the Innovation Status of the Top 1000 Private Enterprises in R&D Investment," showing that the R&D investment and intensity of the top 1000 private enterprises in my country continued to grow in 2025. This information was obtained by reporters at the 2026 Private Economy Innovation and Development Conference and the "Well-known Private Enterprises Supporting Zhejiangs High-Quality Development" event, jointly held by the ACFIC and the Zhejiang Provincial Peoples Government in Wenzhou, Zhejiang Province. The report shows that in 2025, the R&D investment of the shortlisted enterprises showed an upward trend, reaching a total of 1.59 trillion yuan, a year-on-year increase of 10.72%, with an average R&D intensity of 3.73%. The "high-tech, high-value, and high-growth" attributes were prominent, with 640 shortlisted enterprises being classified as such. The overall scale of the shortlisted enterprises remained stable with continuous growth, total profits continued to increase, the quantity and quality of employees improved, and they actively engaged in rural revitalization and public welfare work.On September 9, the Iranian Islamic Revolutionary Guard Corps issued a statement saying that in response to the US militarys strikes on Iranian oil tankers in the Persian Gulf, the Revolutionary Guard struck two US warships and eight oil tankers, as well as ten vessels that violated regulations.On September 9th, at the JDD Global Technology Explorers Conference, JD Logistics launched five new "wolf pack" robot products and technologies. These include the "Mother Wolf," a robot for 24/7 automated operation in unmanned pharmacies; the "Smart Wolf" low-temperature version, a bin-to-person delivery robot designed for cold chain scenarios; the new "Warehouse Wolf," a new embodied picking robot; the "Lone Wolf" sixth-generation intelligent delivery vehicle Plus version with L4-level autonomous driving capabilities; the "Flying Wolf" L05, the industrys first logistics drone supporting fully unmanned operation; and the "Different Wolf," an embodied dexterous arm for large-scale application in sorting scenarios. JD Logistics is reportedly committed to building the worlds largest embodied robot application force.On September 9th, at a regular press conference held by the State Council Taiwan Affairs Office, a reporter asked: A professor at National Changhua University of Education in Taiwan published three articles on the "One Country, Two Systems Taiwan Solution" on social media, sparking heated discussions among readers on both sides of the Taiwan Strait. Some consider it a "rare ice-breaking text." What is your comment on this? How do you view this new trend of rational discussion on the issue of unification between people on both sides of the Strait? Spokesperson Chen Binhua stated that the reunification of the motherland is an unstoppable historical trend. For our compatriots in Taiwan, it is not an optional question, but a mandatory one. We are pleased to see more and more compatriots in Taiwan facing up to unification, beginning to understand and discuss the specific content of the "One Country, Two Systems Taiwan Solution," and offering suggestions for the "One Country, Two Systems Taiwan Solution" through various means.Iranian Revolutionary Guard: In addition, 10 vessels that violated regulations by attempting to cross the no-navigation zone and danger zone of the Strait of Hormuz, instigated and supported by the US military, were also targeted.

GBP/USD seeks to regain 1.2300 as higher UK CPI strengthens the case for a rate hike by the Bank of England and the USD retreats

Alina Haynes

Mar 23, 2023 15:00

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During the Asian session, the GBP/USD pair attempts to reclaim the resistance level at 1.2300. Following a vertical correction, the Cable has recovered to near 1.2260 as the market anticipates that the absence of hawkish interest rate guidance from Federal Reserve (Fed) chair Jerome Powell while addressing the economy at the monetary policy meeting indicates that the Fed is close to ending its policy-tightening spell.

 

S&P500 futures have generated some gains in the Asian session following a decline on Wednesday as a result of Fed Powell's confirmation that the fight against intractable U.S. inflation will continue. Chairman of the Federal Reserve Jerome Powell has ruled out rate cuts in 2023, citing the difficulty of controlling inflation. In addition, US Treasury Secretary Janet Yellen's statement that the government "does not plan to insure all uninsured bank deposits" heightened fears of a banking sector collapse.

 

Following a recovery move, the US Dollar Index (DXY) has retreated on expectations that additional credit tightening to protect banking institutions will reduce overall demand, economic activity, and inflation. In the interim, the demand for US government bonds has increased as a result of expectations that US Janet Yellen will end further policy restrictions and reduce support for all bank deposits.

 

On the front of the United Kingdom, the Pound Sterling is likely to maintain its strength as the Bank of England (BoE) is scheduled to raise rates for the eleventh consecutive time. Governor Andrew Bailey of the Bank of England is expected to raise interest rates by 25 basis points (bp) in response to rising food and non-alcoholic beverage prices, as well as rising energy costs, which have contributed to inflation in the United Kingdom.

 

In the midst of global banking turmoil, the Bank of England's (BoE) interest rate decision will be difficult, as policymakers were divided over whether to raise rates further or maintain them at their present level.


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