The latest signs of strengthening high-level communication between Washington and Beijing. The National Security Adviser to the US President Sullivan will meet in Switzerland this week with Yang Jiechi, member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Foreign Affairs Commission. U.S. National Security Council spokesperson Emily Horne issued a statement saying, “We seek to manage the competition between the United States and the People’s Republic of China responsibly.” Sullivan and Yang Jiechi will “follow up the conversation between President Biden and President Xi Jinping on September 9. And issues". The National Security Council's statement did not disclose the specific date of the meeting between the two parties. The South China Morning Post reported earlier that the two will meet on Wednesday and the topics include a possible summit between Biden and Xi Jinping.

The expansion of service providers in the United States in September was faster than expected, thanks to the acceleration of business activities and the continuous growth of new orders. According to data released by the Institute of Supply Management on Tuesday, the non-manufacturing index in September rose to 61.9 from 61.7 in the previous month. Economists surveyed by Bloomberg estimated that the median value was 59.9. The report shows that, as Americans spend more on eating out and traveling, although fears of the epidemic still exist, the degree is easing. The ISM non-manufacturing business index rose to 62.3 from a six-month low.

Charles Evans, President of the Chicago Federal Reserve Bank, said, "I don't mind rising prices. As the supply bottleneck is resolved, inflationary pressures will decline in the future." In an interview with CNBC TV on Tuesday, Evans said, "I think this process may be longer than we expected. There should be no doubt about it, but it is unlikely that prices will continue to rise." "I think they may maintain At a higher level, but it will not continue to rise. So this means that inflation indicators will fall"

In a speech in Frankfurt, European Central Bank President Christina Lagarde said that the current inflationary pressures in the euro zone will be temporary. "We need to be very careful to manage the economic restart and the friction caused by it." "We expect these frictions to be largely temporary. But it is difficult to predict exactly how long the outage will last." "We should not overreact to supply shortages or energy price increases, because our monetary policy cannot directly affect these phenomena."

The International Monetary Fund (IMF) said that due to the continued divergence of vaccine supply, accelerating inflation and rising debt, the global economic recovery faces more risks, and developing countries may be left behind. IMF President Georgieva said in an online speech on Tuesday that compared with the 6% growth rate predicted in July, the IMF currently expects a slight slowdown in GDP growth rate. She believes that vaccines, inflation, and debt problems in low-income countries are getting worse, and this situation may last longer.

Bitcoin surpassed $50,000, and Bank of America strategists previously supported the view that cryptocurrency is a new asset class. The price of Bitcoin reached its highest level since El Salvador adopted Bitcoin as a legal tender in early September. In the early trading of the New York market on Tuesday, Bitcoin once rose 2.8% to $50,354. Bank of America strategists such as Alkesh Shah and Jessica Reif Ehrlich wrote that the digital asset sector is "too big to ignore." "We think there may be more opportunities than the skeptics expected.

China requires banks to guarantee financing for coal and energy companies, which is another measure it has taken to alleviate power shortages and ensure supply this winter. The China Banking and Insurance Regulatory Commission issued a statement on Tuesday, urging banks and other financial institutions to do their best to provide financial services for energy and power supply this winter and next spring to meet reasonable funding needs for energy and power supply. The China Banking and Insurance Regulatory Commission stated that in order to maintain price stability, it is strictly prohibited to misappropriate credit funds or bypass financial management, trust and other methods, illegally participate in coal, steel, non-ferrous metals and other bulk commodities speculation and make huge profits.

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