In August, local government bond issuance hit a new high of about 1.3 trillion yuan, driven by accelerated special bond issuance. The People's Bank of China, Beijing branch, is studying an LPR reform plan for existing housing loans, to be announced by September 25th.

China's commodity index increased to 103.6 in September, marking the highest level since August 2020. Meanwhile, OPEC predicts global oil demand will reach 109 million barrels per day by 2027, reflecting growing economic activity and energy consumption.