Three-minute news, Wednesday, June 28, 2023

Domestic

1) On the afternoon of June 27, Xi Jinping met with New Zealand Prime Minister Chris Hipkins and Barbados Prime Minister Mia Mottley at the Great Hall of the People in Beijing. Premier Li Qiang attended and addressed the opening ceremony of the 2023 Summer Davos Forum in Tianjin on the morning of June 27. Premier Li Qiang also attended the World Economic Forum's Global CEO Dialogue in Tianjin on the afternoon of June 27, holding talks with representatives of enterprises. He emphasized that China will strive for new breakthroughs in the new round of technological revolution and industrial transformation. Premier Li Qiang met with WTO Director-General Ngozi Okonjo-Iweala: The so-called "reducing dependence" and "de-risking" undermine the authority and effectiveness of the multilateral trading system and violate economic laws.

2) The "State Council's Report on Regional Coordinated Development" was submitted to the Standing Committee of the 14th National People's Congress for deliberation. China's regional coordinated development has presented a new situation, and the balance of development has been significantly enhanced.

3) [Rule of Law] The Cyberspace Administration of China: A special campaign to rectify the online environment for minors during the summer vacation will be launched immediately. The State Administration for Market Regulation announced typical cases of unfair competition involving infringement of trade secrets. Wei Yongqiu, former deputy director of the Guangxi Transportation Department, is under investigation. Fuzhou Maritime Police seized 80 tons of suspected smuggled frozen food. Shanghai's verdict! Involving nearly 8 million yuan, nine people were sentenced in the first case of pirated "script killing". Changchun Customs investigated six cases of smuggling drugs into the country in the first half of the year, and five people were criminally detained.

4) Minister of Housing and Urban-Rural Development: Improve housing quality and explore the establishment of a housing pension system. The Ministry of Civil Affairs released national marriage data for the first quarter: Marriage registrations increased by 40,000 year-on-year, and divorces increased by 120,000. The Ministry of Agriculture and Rural Affairs sent a working group to major early rice producing areas to guide disaster relief efforts.

5) China's first high-pressure multi-tube pure hydrogen pipeline test was successfully completed. The first Airbus aircraft assembled in China was delivered to a European customer.

7) Flash floods and debris flows in Wenchuan left seven people missing, and rescue efforts are underway. Villagers: Someone was swept away while moving a car to the riverbank, and the bodies of a couple have been found.

8) [Military] State Councilor and Minister of National Defense Li Shangfu met with Vietnamese Minister of National Defense Phan Van Giang. The two armies conducted the 34th joint patrol in Beibu Gulf.

9) [Hong Kong and Macao] John Lee: The SAR government will align with the country's requirements for patriotic education. Victoria Park in Hong Kong is being prepared for activities celebrating the 26th anniversary of the return to the motherland. Hong Kong Customs seized approximately HK$15 million worth of suspected cocaine at Hong Kong International Airport. Hong Kong students experience e-commerce entrepreneurship in Zengcheng, Guangzhou, and try live streaming sales. Foreign consular groups and business delegations in Hong Kong praised Shaolin Kung Fu and Longmen Grottoes.

10) [Taiwan] The Cross-Strait Community Exchange Festival opened, with 63 community groups to carry out 14 exchange activities. Mainland military aircraft approached Taiwan's 24 nautical miles, and Taiwan's defense chief Chiu Kuo-cheng: If any aircraft enters Taiwan's 12 nautical miles "airspace" and "territorial waters," we will shoot.

International

1) Director of the Central Foreign Affairs Office Wang Yi met with Jacob Lew, chairman of the board of directors of the National Committee on US-China Relations, in Beijing. The 2023 Lancang-Mekong Cooperation Media Summit was held in Beijing, attended by Minister of Publicity Li Shulei. China's representative clarified its firm stance on the Hong Kong National Security Law at the Human Rights Council.

2) China formally accepted the WTO's Protocol to the Agreement on Fisheries Subsidies. The sixth China International Import Expo Japan Promotion Conference was held in Tokyo, Japan, and Japanese business circles paid close attention to the role of the sixth CIIE's open platform. OPEC Secretary General: Global daily oil demand is expected to reach 110 million barrels by 2045.

3) US media: Biden's first speech after the "Wagner incident," saying that the US and the West were not involved at all. US State Department spokesperson: Hopes to extradite Wagner leader Prigozhin. Insufficient funds, US retirement benefits will be cut by 23% in ten years. Seattle poll: Drug and gun violence are the biggest public safety concerns. Airport ground crew member was involved in an aircraft engine and died on the spot, the coroner ruled it a suicide.

James Crown, a member of the JPMorgan Chase board of directors and a US billionaire, died in a car accident in the US on his 70th birthday.

4) Putin signed a presidential decree extending countermeasures against Western price caps on Russian oil to the end of the year. Putin spoke again on the "Wagner incident": Russian soldiers actually prevented a "civil war." Russia said Wagner would hand over heavy weapons to the army. The Russian Ministry of Defense: Two Russian Su-27 fighters escorted a British RC-135 reconnaissance aircraft and two Typhoon multi-role fighters that approached Russian airspace over the Black Sea. Russia announced that the criminal case against Prigozhin has been dropped. Commander-in-Chief of the Russian National Guard: The Russian government knew in advance that Wagner was preparing for a rebellion from June 22 to 25. Belarusian President Lukashenko confirmed: Prigozhin has arrived in Belarus.

5) For the first time since its founding in 2013, the Alternative for Germany (AfD) won a local executive election. Spain is hit by the first heatwave of the summer, with local temperatures reaching 44 degrees Celsius.

6) A beer factory in Japan leaked cooling water, turning a large area of seawater red.

Finance and Securities

1) Ministry of Industry and Information Technology: The first in the world to allocate the 6GHz frequency band for 5G/6G systems. The "new national standard" will come into effect on July 1, filling the gap in the standard for electric bicycle helmets.

2) The seventh generation of "Jiefang" trucks paraded through Changchun, and China's "automobile city" set a new goal.

3) The amount of funds raised through A-share private placements increased by 107.03% year-on-year, and state-owned enterprises ushered in a "big year" for private placements. China Mobile officially released two self-developed communication chips.

4) Zhou Hongyi, chairman of 360 Group, showed his Tsinghua University admission notice on the evening of June 27: Zhou Hongyi was admitted to the Department of Computer Science and Technology, School of Electronics and Information, Tsinghua University to pursue a doctoral degree (part-time, targeted employment).

Shanghai Composite Index 3189.44/+1.23%

Shenzhen Component Index 10978.08/+0.97%

ChiNext 2191.83/0.26%

Hang Seng Index 19148.13/+1.88%.

Culture, Education, Sports and Entertainment

1) The Ministry of Education issued a notice on the work related to the governance of extracurricular training during the 2023 summer vacation, stating that problems of conducting subject-based training under the guise of research studies, summer camps, etc., will be intensively rectified. The Ministry of Human Resources and Social Security conducted supervision on youth employment in multiple provinces.

2) Recently, a netizen posted that the new edition of the Xinhua Dictionary removed the term "倭寇", causing concern. On June 27, the publisher responded that they are aware of the matter and are investigating the details.

3) The 6th China Seafarers' Skills Competition was held in Zhoushan, Zhejiang Province. The total number of registered seafarers in China is approximately 1.9 million. The 8th China (Beiliu) International Ceramics Expo opened in Beiliu City, Guangxi, known as the "Ceramics City of China".

4) Remains of a Warring States period well were discovered in Yangquan City, Shanxi Province, providing evidence of well-building techniques 2400 years ago.

5) Li Shaoyue, a 90s girl from Zibo, Shandong Province, has spent 8 years mastering the skill of painting inside 3cm-diameter small glass beads, creating nearly 100 works of landscapes, figures, and flowers and birds. She loved painting since childhood and after graduation, she inherited her father's skills and became the fifth-generation inheritor of the Lupai inner painting, a national intangible cultural heritage.