The Week Ahead (March 2–8): China’s Two Sessions Set the Policy Agenda; Trump Meets Tech CEOs
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March 2: PBOC cuts forex risk reserve ratio
The People’s Bank of China will lower the foreign exchange risk reserve ratio for forward forex business to zero from 20%. The move eliminates the need for banks to deposit these non-interest-bearing funds, thereby reducing hedging costs for enterprises and encouraging better management of exchange rate risks.
March 2: MWC Barcelona 2026 opens
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- PBOC cuts forex risk reserve ratio to zero, reducing corporate hedging costs.
- Major events: MWC Barcelona 2026 focusing on AI, Apple unveiling new products, Milan Cortina Winter Paralympics.
- U.S. tech CEOs meet Trump to discuss data center power; Trump hosts a Latin American summit; Switzerland-EU sign new agreements; China holds key political sessions.
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Who’s Who
- Apple
- Apple, the technology giant, is launching new products over three days, from March 2 to March 4. Instead of a traditional live keynote, they will unveil these products through press releases and videos on their website.
- Amazon
- **Amazon** Executives from Amazon are scheduled to meet with President Donald Trump at the White House on March 4th. The meeting will include other major tech companies like Google, Meta, and Microsoft. They are expected to sign an agreement focusing on securing independent power supplies for their AI data centers.
- On March 4, 2025, an executive from Google met with President Donald Trump at the White House. This meeting, which also included other U.S. tech giants, focused on an agreement for independently securing power supplies for their AI data centers.
- Meta
- Meta, referred to by its Chinese name "元," is mentioned as one of the U.S. tech giants whose executives will meet with President Donald Trump at the White House on March 4th. The purpose of this meeting is expected to be a commitment to independently secure power supplies for their AI data centers.
- Microsoft
- Microsoft is one of the US tech giants whose executives are scheduled to meet with President Donald Trump at the White House on March 4th. The meeting will also include representatives from other major tech companies like Amazon, Google, Meta, xAI, Oracle, and OpenAI, and is expected to culminate in an agreement regarding independent power supplies for their AI data centers.
- xAI
- On March 4, xAI, along with other U.S. tech giants, is scheduled to meet with President Donald Trump at the White House. During this meeting, executives are expected to sign an agreement committing to independently secure power supplies for their AI data centers.
- Oracle
- On March 4th, executives from Oracle, alongside other major U.S. tech companies like Amazon and Google, are scheduled to meet with President Donald Trump at the White House. The discussions are expected to culminate in an agreement focused on independently securing power supplies for their AI data centers.
- OpenAI
- OpenAI executives met with President Donald Trump at the White House on March 4. Along with other major tech companies, OpenAI was expected to sign an agreement committing to independently secure power supplies for their AI data centers.
AI generated, for reference only
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