AGP Executive Report
Last update: 8 hours agoGold Reserves: Central banks added 23 net tonnes of gold in July, with China buying 20 tonnes for the 21st straight month, underscoring continued demand for safe assets. Sports Governance: China plans to crack down on toxic fan culture while pushing sports consumption to lift the industry beyond $1 trillion yuan by 2030. Aviation & Logistics: China launched 57 new air cargo routes to Asia in a rational diversification push, boosting weekly round trips and targeting high-value goods and auto parts. Power Batteries: China says it has built the world’s largest power battery industrial system, but urges faster R&D on next-gen materials and recycling. Auto R&D: Audi and SAIC opened an innovation hub in Shanghai to expand China-focused EV and AI cockpit development. Trade Friction: China rejected US-led G20 “economic imbalance” narratives, calling them protectionism and a bid to pressure China. Capital Markets: Shanghai Enflame’s IPO drew extreme subscription demand, reflecting investor appetite for China’s hard-tech chip push. US Policy Spillover: US tariffs on Chinese drones up to 100% take effect, raising costs for users and supply chains. SME Policy: China issued a 2026-2030 plan to boost SME growth, innovation and “little giant” firms.
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