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July 25th - According to the official WeChat account of Chery Group, on July 25th, 2026, Chery Groups global cumulative sales officially exceeded 20 million vehicles. Chery Group stated that the Fengyun A9, which will be launched on the same day, will be the 20 millionth vehicle officially delivered to a customer.On July 25th, the State Internet Information Office released its latest "National Informatization Development Report (2025)," which shows that by 2025, the added value of my countrys core digital economy industries will account for over 10.5% of GDP, with digital industry revenue reaching 39.6 trillion yuan, a year-on-year increase of 8.8%. The scale of digital consumption by Chinese residents will reach 25.3 trillion yuan, a year-on-year increase of 8.7%. Meanwhile, my countrys network infrastructure will be upgraded. By the end of 2025, the total number of 5G base stations in my country will reach 4.838 million, with two-thirds of prefecture-level cities reaching gigabit city standards. The number of active IPv6 users will reach 869 million.On July 25th, according to Ctrips official WeChat account, the State Administration for Market Regulation (SAMR) issued an administrative penalty decision against Ctrip Group and put forward relevant rectification requirements. Ctrip fully accepts and resolutely complies with these requirements and will strictly implement all rectification measures. This penalty serves as a profound wake-up call and lesson for Ctrip. Under the guidance and supervision of the SAMR, Ctrip will earnestly fulfill its platform responsibilities, proactively respond to concerns from all parties, and has already formulated a relevant rectification plan, willingly accepting public supervision. Ctrip Group announced nineteen rectification measures in five areas: immediately ceasing exclusive cooperation practices and protecting hotel operators autonomy; ceasing unreasonable "lowest price across the entire network" demands and protecting hotel operators pricing autonomy; safeguarding the legitimate rights and interests of hotel operators, continuously listening to merchants opinions and demands, and constantly optimizing the business environment for merchants; strengthening consumer rights protection and continuously improving service guarantee levels; and strengthening compliance construction and establishing a sound long-term mechanism.On July 25th, Austrian Minister for Europe, Integration and Family Affairs, Claudia Bauer, stated in an interview that she opposes a "fast track" for Ukraines EU accession, arguing that Ukraines accession must follow normal procedures. Bauer stated that Ukraines agricultural structure differs significantly from that of existing EU member states, and its accession would have a major impact on the EU, thus requiring careful consideration. She also stated that all countries applying for EU membership should follow the same rules and meet the accession requirements through reforms and practical performance.Emergency services say the Russian attack on Komme, Ukraine, has killed three people.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

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In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.

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