1. The U.S. and China met today in New York
U.S. Treasury Secretary Bessent and China’s Vice Premier He Lifeng held talks today.
What’s on the desktop is no longer just simple tariffs:
AI, rare earths, critical minerals, trade truce, investment restrictions.
Previously, big powers trade negotiations:
“Buy a little more soybean.”
Now:
“Whether your AI is given to me or not—whether my rare earths are given to you or not.”
The tech tree has already been mapped into the Ministry of Foreign Affairs.
2. China’s LPR remains unchanged today
1-year term: 3.00%
5-year term: 3.50%
For the 16th consecutive month, it has stayed the same.
The recent state of mind of global central banks:
Interest rate hike
Interest rate cut
Pause
Resuming interest rate hikes
China:
3.00.
"Ask again next month."
3. Changxin Storage announces that its 5th-generation DRAM has entered mass production
CXMT announced today that its 5th-generation memory technology platform has entered mass production, and it also unveiled a new 24Gb LPDDR5X.
Per-chip capacity increases by 50% compared with the previous generation.
In the global tech competition research, it only takes half a day now:
AI
Large model
Robot
Autonomous driving
Finally found out that:
Computers still lack memory.
4. Moscow’s oil refinery was hit by a drone today
Reuters reports that Moscow and the surrounding areas were hit by a large-scale drone attack. An oil refinery was struck, and the extent of the damage is not yet fully clear. As of the time of reporting, Ukraine had not commented on the attack.
Why would financial markets look at this?
Oil refinery → refined products supply → oil prices → inflation → interest rates → US stocks / BTC.