华盛顿推迟半导体关税，寻求中国贸易休战。美国已选择将对中国半导体进口征收新关税的时间推迟到2027年中期，这表明美国正在采取战术性措施来管理与北京的贸易紧张局势，尽管华盛顿方面仍将采取更强硬行动的选择牢牢地摆在桌面上。

Washington delays semiconductor tariffs as it seeks China trade truce.The United States has opted to delay the imposition of new tariffs on Chinese semiconductor imports until mid-2027, signalling a tactical effort to manage trade tensions with Beijing even as Washington keeps the option of tougher action firmly on the table.

美国贸易代表：将对来自中国的半导体征收关税。美国贸易代表：将对来自中国的半导体征收关税

US Trade Representative: Will levy tariffs on semiconductors from China.US Trade Representative: Will levy tariffs on semiconductors from China

石油和天然气技术分析：由于WTI仍持看跌态度，中国设定了价格下限。中国的原油储备策略在2025年锚定了油价，而WTI在技术上仍然看跌，天然气保持看涨结构。

Oil and Natural Gas Technical Analysis: China Sets the Price Floor as WTI Remains Bearish.China's crude stockpiling strategy anchored oil prices in 2025, while WTI remains technically bearish and natural gas holds a bullish structure.

中国保持贷款利率，依靠财政推动经济增长。中国连续第七个月保持基准贷款最优惠利率不变，符合预期。一年期贷款最优惠利率保持在3.0%，而作为抵押贷款定价关键参考的五年期以上LPR仍保持在3.5%。

China holds lending rates, leans on fiscal push for growth.China kept benchmark loan prime rates unchanged for a seventh consecutive month, in line with expectations. The one-year loan prime rate was held at 3.0%, while the over-five-year LPR, a key reference for mortgage pricing, remained at 3.5%.