美联储威廉姆斯：若通胀最终高于我的基准预测，政策将不得不作出回应。

On July 8 the Shenzhen municipal party committee reviewed 1H citywide industrial investment and ordered accelerated advancement of key projects. The committee urged prioritizing the real economy and manufacturing to stabilize industrial-investment growth and lay a foundation for the 15th Five-Year Plan and longer-term development. It called on authorities to seize the window from rapid AI and other frontier-technology iteration and faster market/demand formation by intensifying industry research, project planning and investment in core and frontier areas to forge new high-quality growth drivers. The city also directed exploration of innovative investment models, fuller use of financial tools, leveraging state capital and SOEs as resource-integration hubs, and measures to attract social/private capital into major projects to speed cultivation of new productive capacity.

Spot silver jumped more than $0.30 intraday, last $59.18/oz.