Three-minute news, Tuesday, July 11, 2023

Domestic

1) On the afternoon of July 10, Xi Jinping met separately with Valentina Matviyenko, Chairperson of the Federation Council of the Russian Federation, and Manasseh Sogavare, Prime Minister of the Solomon Islands, who was in China for an official visit, at the Great Hall of the People in Beijing.

On July 10, Xi Jinping sent a congratulatory message to the first high-level meeting of the Global Development Initiative Forum. On July 10, Xi Jinping sent a message to Shavkat Mirziyoyev, congratulating him on his election as President of Uzbekistan.

2) National Bureau of Statistics: In June, the national consumer price index (CPI) remained flat year-on-year, turning from a 0.2% increase the previous month, and decreased by 0.2% month-on-month. In the first half of the year, the CPI averaged 0.7% higher than the same period last year. In June, the national industrial producer price index (PPI) decreased by 5.4% year-on-year, an increase of 0.8 percentage points from the previous month; and decreased by 0.8% month-on-month, a decrease of 0.1 percentage points from the previous month.

3) [Rule of Law] China Coast Guard 95110 has been operational for 4 years, effectively handling over 50,000 cases. Sun Guanghui, deputy secretary of the Party Committee of Guangzhou Maritime University, is under investigation. Chen Haiming, secretary of the Discipline Inspection Commission and commissioner of supervision of Western Mining Group Co., Ltd., is under investigation. Liu Yongwu, former secretary of the Discipline Inspection Commission of Shenhua Coal Group Co., Ltd., a subsidiary of China Energy Investment Corporation, is under investigation. He Hu, former head of the Criminal Police Detachment of the Xianyang Municipal Public Security Bureau in Shaanxi Province, is suspected of serious disciplinary violations and is currently under investigation. On July 10, a case of intentional injury occurred in Lianjiang, Guangdong, resulting in 6 deaths and 1 injury; the 25-year-old suspect has been arrested.

4) Zheng Zhajie, Director of the National Development and Reform Commission: Increase residents' income through multiple channels, stabilize consumption of large commodities such as automobiles, and promote the use of new energy vehicles in rural areas.

5) Disruptive technology! The Chinese Academy of Sciences announced new achievements in non-invasive blood glucose measurement, and the experimental results have met national standards.

6) The list of the fourth batch of national nature education bases (schools) was released in Guangzhou, with a total of 245 units nationwide. The "National Standard Implementation Guide for Grading and Evaluation of Elderly Care Institutions (2023 Edition)" was released.

7) There are 80.76 million tons of coal in stock at 363 railway direct power plants nationwide, which can last for 30.6 days.

The Ministry of Water Resources launched a level IV emergency response for flood control in Shandong and Sichuan provinces. Seven people are still missing in the Wufeng mountain landslide in Hubei Province, and rescue efforts are underway.

8) [Military] The 43rd Chinese naval escort fleet arrived in Gabon for a friendly visit.

The opening ceremony of the "Eagle Strike-2023" joint military exercise between the Chinese and Thai air forces was held on the afternoon of July 9 at Udon Air Base in Thailand.

9) [Hong Kong and Macao] The Hong Kong Special Administrative Region's "District Councils (Amendment) Ordinance 2023" was gazetted and came into effect. Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region: Focusing on economic development and improving people's livelihood is the core task of the Hong Kong Special Administrative Region government. The Greater Bay Area Nansha Liaison Office of the Hong Kong General Chamber of Commerce was inaugurated on July 9.

10) [Taiwan] The "nightclub murder case" in Taipei, involving a "star second generation", has sparked public outrage after being transferred to an open prison with amenities such as a golf course and tea room.

International

1) Cai Qi met with a delegation from the Communist Party of Vietnam. On July 10, Wang Yi met separately in Beijing with Ban Ki-moon, former UN Secretary-General and Chairman of the Board of Directors of the Boao Forum for Asia; Saleumxay Kommasith, member of the Politburo of the Lao People's Revolutionary Party, Deputy Prime Minister and Minister of Foreign Affairs; and Michael Moussa Adamo, Minister of Foreign Affairs of Gabon. Ministry of Foreign Affairs: Anatoly Snopkov, First Deputy Prime Minister of Belarus and Chairman of the Belarusian side of the Intergovernmental Cooperation Committee, will arrive in China on July 11 to co-chair the fifth meeting of the committee. Mao Ning, spokesperson for the Ministry of Foreign Affairs: In recent years, the United States has used various excuses to create obstacles and harass and check Chinese citizens entering the United States. Urge the US side to correct its wrong practices as soon as possible and stop arbitrarily detaining Chinese companies and citizens. The Consular Department of the Ministry of Foreign Affairs reminds Chinese citizens in the US and those planning to go to the US to pay attention to safety.

2) Chinese Embassy in Thailand: A bus carrying 24 Chinese tourists overturned in Thailand, with two people hospitalized, but none in life-threatening condition.

3) US President Biden claims: China wants to surpass the US, but the two countries can still cooperate for mutual benefit. Biden's confusing behavior: He suddenly stopped when getting off the plane and squatted with his arms outstretched. Is the US facing the risk of an economic recession? US Treasury Secretary Janet Yellen: This possibility cannot be ruled out. Yellen left Beijing by plane on July 9. US media criticized Yellen's three bows during her visit to China as "weak." Biden spoke with Turkish President Erdogan, and Turkey has not yet "given the green light" to Sweden's accession to NATO. A shooting incident occurred in Texas, USA, in the early morning of July 9, local time, resulting in 2 deaths and 5 injuries. Southern California will be under a heatwave from July 11, with temperatures potentially breaking records and approaching 49℃.

4) Dmitry Peskov, spokesman for the Kremlin, confirmed on July 10 that Putin met with Yevgeny Prigozhin and other Wagner top brass at the Kremlin on June 29 to hear their explanation of the events. Protests erupted in France: EU flags were torn up, and people demanded to leave the EU. Dutch Prime Minister Mark Rutte: Will retire from politics after the formation of a new government.

5) South Korea's largest opposition party met with Rafael Mariano Grossi, Director General of the International Atomic Energy Agency, expressing regret over its "bias towards Japan." A South Korean zoo is recruiting a "one-day assistant keeper" for the giant panda, Fu Bao, with tens of thousands of Koreans competing for the position.

North Korea condemned the United States for deploying a strategic nuclear submarine to the Korean Peninsula.

6) A Japanese official dancing at a banquet in Beijing was suspected of being drunk. The governor of Okinawa Prefecture said: There was no alcohol at the banquet, and the dance was to encourage Okinawans in Beijing.

Heavy rain in Kyushu, Japan, has resulted in 2 deaths.

7) A bus plunged off a cliff in Sisaket Province, northeastern Thailand, killing 4 and injuring more than 30. Heavy rain in northern India has killed at least 34 and injured many more.

8) For the 27th consecutive week, there is still no compromise! 360,000 Israelis took to the streets to protest against the judicial reform led by the Netanyahu government.

Finance and Securities

1) The People's Bank of China and the National Financial Regulatory Administration issued a notice: Extending the deadline for policies related to financial support for the stable and healthy development of the real estate market.

2) Rebounding from a decline, China's Small and Medium-sized Enterprise Development Index was 89.1 in June, with significant increases in indices for industry, construction, and other sectors. On July 10, the central parity rate of the RMB against the US dollar was 7.1926, up 128 basis points.

3) Public fund fee reform has started, and many leading companies have announced "fee reductions." The "Regulations on the Supervision and Administration of Private Investment Funds" will come into effect on September 1, and the China Securities Regulatory Commission plans to focus on three aspects of work.

4) State Administration for Market Regulation: Infant formula products shall not use ambiguous information or descriptions such as "ecological pasture" and "breast milk". Cloud storage will be permanently deleted after expiration. The China Consumers Association reminds: Measures must be taken upon receiving service expiration information. Passenger Car Association: In June, the retail sales of new energy vehicles reached 665,000 units, a year-on-year increase of 25.2%.

5) The number of registered private enterprises in China exceeded 50 million at the beginning of April, a 3.7-fold increase compared with the end of 2012.

6) Jia Duo Bao responds to the judgment to compensate Guangzhou Pharmaceutical Group 317 million yuan: It will immediately appeal. iFlytek: Net profit in the first half of the year is expected to decrease by 71%-80% year-on-year.