Inbound tourism shows a "dual drive" of business and travel demand, the China-U.S. industrial game determines the long-term trend of the U.S. dollar and gold, and the focus of bipartisan congressional policy towards China continues to concentrate on the technology industry --- 0107 Macro Dehydration

Inbound tourism accelerated growth in Q3, driving Chinese consumption. Trump's "America First" policy boosted the US dollar index, leading to a decline in gold prices, but in the long term, the trends of the dollar and gold show divergence. The Sino-US industrial competition will affect the long-term trends of the dollar and gold. The bipartisan congressional focus on China policy centers on the technology industry, particularly in the fields of biotechnology and new energy, with a lower likelihood of extreme measures interrupting Sino-US economic ties