This week's major news!
China's Manufacturing PMI, the US Non-Farm Payroll report, and the final vote on Trump's 'Big and Beautiful' plan, each carrying significant implications and impacts.
China's Manufacturing PMI will reveal the operational status of the domestic manufacturing sector, whether it is expanding or contracting, which will be clear at a glance. It serves as an important window for observing the micro-foundation of the Chinese economy. The US Non-Farm Payroll report relates to the prosperity and recession of the US job market; fluctuations in the data not only influence the direction of US economic policy but can also create ripples in the global financial markets. The final vote on Trump's 'Big and Beautiful' plan will determine whether his policy ideas can be implemented, potentially bringing profound changes to both the domestic industrial layout in the US and international economic and trade relations.
Let us closely monitor these important events and data, witnessing the new changes they bring to the economy and policy, and collectively feel the pulse of the advancing era.