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ECB Governing Council member Moulin said the bank will ensure it does not signal the start of a new rate‑hiking cycle.

2026-07-03

ECB Governing Council member Moulin said the bank will ensure it does not signal the start of a new rate‑hiking cycle.

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2026-07-03

MOFCOM minister Raimondo and the UK trade minister co‑chaired the 15th China‑UK Joint Economic and Trade Commission in London on July 2. China urged the UK to adjust steel quota measures that took effect July 1, saying they raise serious concerns and

MOFCOM minister Raimondo and the UK trade minister co‑chaired the 15th China‑UK Joint Economic and Trade Commission in London on July 2. China urged the UK to adjust steel quota measures that took effect July 1, saying they raise serious concerns and should be brought into compliance with WTO rules. China welcomed increased UK investment into China and asked London to provide a fair, non‑discriminatory environment for Chinese investors; the UK said it welcomes Chinese investment and will offer greater certainty and predictability. Both sides agreed to implement outcomes from the WTO’s 14th ministerial meeting and to deepen cooperation on trade, investment and multilateral issues; the UK highlighted opportunities from China’s services liberalization and proposed policy dialogue, a UK‑China services partnership and a feasibility study on a services trade agreement.
2026-07-03

CITIC Securities says Meituan completed end-to-end training on June 30, 2026 and inference of a trillion-parameter model on a 50,000-card China domestic compute cluster, marking a capability shift from inference to training. DeepSeekV4 final, due mid

CITIC Securities says Meituan completed end-to-end training on June 30, 2026 and inference of a trillion-parameter model on a 50,000-card China domestic compute cluster, marking a capability shift from inference to training. DeepSeekV4 final, due mid‑July, will introduce peak‑valley pricing with peak API call prices doubling, and domestic compute supply constraints are intensifying. CITIC says order visibility for domestic compute has materially improved; chip design firms with confirmed customer orders and priority capacity allocation should be first beneficiary. The broker remains constructive on the China domestic compute supply chain, citing scale-up opportunities from scarce advanced process capacity to diverse design companies and super‑node operators, and expectations strong growth momentum for advanced process, advanced packaging, advanced memory and supporting suppliers.
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