The General Office of the Central Committee and the State Council: Prioritize the implementation of total quota control for industries with relatively stable carbon emissions by 2027. PDD's Q2 revenue growth slowed to 7%, with net profit decline narrowing to 4%, better than expected, and marketing expenses grew only by 4.5%. Larry Kudlow, Director of the National Economic Council at the White House: A Federal Reserve interest rate cut would be appropriate. European Central Bank President Christine Lagarde: The Eurozone economy shows resilience and inflation is in line with target levels. According to Bloomberg, Japan Post has suspended mail services to the U.S. citing changes in U.S. customs and regulations. Hong Kong Monetary Authority: The optimization arrangement for offshore RMB bond repurchase business has officially launched. According to CCTV, Zelensky announced that Ukraine and the U.S. will hold talks to discuss the possibility of Russia-Ukraine negotiations. According to Bloomberg, Turkey will lift the ban on investors short-selling stocks. The U.S. government has halted wind power projects, causing shares of wind power giant Ørsted to plummet by about 17%. Powell's dovish remarks boost interest rate cut expectations, Asian stock markets rise, while U.S. stock futures and European stocks fall, and the dollar ends a three-week decline. The Nikkei 225 index rose by 0.4%, the Shanghai Composite Index rose by 1.51%, and the Hang Seng Index rose by 1.94%
