China-US Economic and Trade Consultations Begin, LPR Unchanged, Middle East Situation Update

TechFlow reports that on September 21, according to Jin10, China-U.S. economic and trade consultations formally commenced in New York. Domestically, the central bank announced that both the one-year and five-year LPRs will remain unchanged; CXMT announced the official mass production of its fifth-generation technology platform; Total national electricity consumption surpassed 1 trillion kWh in August, with peak load hitting a record high; The State Administration for Market Regulation has deployed a special action campaign to govern live-streaming e-commerce, strictly cracking down on malicious low-price competition.

Internationally, the Federal Reserve's Kashkari noted that inflation remains too high and is not solely fueled by oil prices; U.S. Treasury Secretary emphasized that Treasury buyback operations are intended to boost liquidity and manage the debt maturity profile, rather than cap the over-$30 trillion market. On the geopolitical front, Trump and Zelensky have scheduled a Tuesday meeting in New York to focus on energy infrastructure; Yemen's Houthi forces have agreed to refrain from fighting the U.S., while U.S. media confirmed the American military will not launch offensive strikes against them.