Group 1 - A currency power struggle is unfolding in the global economic landscape, triggered by significant policy changes and data anomalies [3] - The U.S. labor statistics report for July revealed only 73,000 new non-farm jobs, far below the expected 110,000, with previous months' data revised down by a total of 258,000 jobs, marking the largest adjustment since the pandemic began [3][5] - Following the disappointing employment report, the U.S. stock market experienced a sharp decline, with the Dow Jones Industrial Average dropping 542 points and the Nasdaq Composite Index falling by 2.24% [3] Group 2 - The San Francisco Fed President's dovish comments on potential interest rate cuts led to a significant market rebound, with the Nasdaq index rising nearly 2% on the same day [5] - Trump's political maneuvering, including the dismissal of the labor statistics bureau head, has raised concerns about the politicization of economic data, which could undermine global economic governance [8][10] - The offshore RMB exchange rate rose for four consecutive days, reaching a 10-month high, as traders began betting on a depreciation of the U.S. dollar following the Fed's signals [8] Group 3 - China's actual foreign investment usage grew by 11.3% year-on-year in Q1 2025, with 47% directed towards high-tech manufacturing, indicating a strategic shift in investment focus [8] - The depreciation of the RMB has reduced import costs but has also compressed profit margins for small and medium-sized export enterprises in China by 2-3 percentage points [8] - China is attempting to reduce reliance on the U.S. dollar through initiatives such as the digital RMB pilot covering 70 countries and increasing the share of local currency settlements with ASEAN countries to 32% [10]