The RMB has become the world's fifth largest reserve and payment currency, marking significant progress in its internationalization. Meanwhile, Wuxi has implemented a new housing loan policy, recognizing housing but not loans, to optimize the housing credit system.

China's manufacturing outlook improved in August, while the service industry's growth momentum slowed down. The Ministry of Industry and Information Technology plans further policy measures to support industrial recovery. The National Healthcare Security Administration clarified the scope of medical consumables covered by medical insurance. China also achieved new breakthroughs in deep-sea high-power artificial source electromagnetic detection technology.

Local bond issuance in August reached a record high of 1.3 trillion yuan, the People's Bank of China (PBC) is studying adjustments to pre-LPR housing loan rates, and the Ministry of Industry and Information Technology (MIIT) is enhancing cooperation with financial sectors to broaden financing channels for small and medium-sized enterprises (SMEs).