Three-minute news, Thursday, July 27, 2023

Domestic

1) On the afternoons of July 25 and 26, General Secretary Xi Jinping inspected the Cuiyun Corridor Ancient Shu Road and the Sanxingdui Museum in Guangyuan and Deyang, Sichuan Province respectively. He learned about the local efforts in promoting historical and cultural heritage, strengthening ecological civilization construction, and the excavation, research, protection, and restoration of historical and cultural relics.

2) The central government has allocated 10.9 billion yuan in investment for the 2023 "work-for-relief" program, leveraging 2.7 billion yuan in local funds to support 2,710 local projects. A new round of urban village renovation will begin, simultaneously promoting domestic demand expansion and benefiting people's livelihoods. In the first half of this year, 42,600 old urban residential communities were newly started for renovation nationwide. China will carry out pilot projects for complete community construction in 106 communities.

3) [Rule of Law] In June, a total of 10,111 cases of violations against the spirit of the eight central regulations were investigated and dealt with nationwide. The Ministry of Justice officially launched the new version of the National Administrative Regulations Database. The Supreme People's Court issued the "Regulations on Commissioned Appraisal Work in Pre-litigation Mediation (Trial Implementation)". Supreme People's Procuratorate: To maximize the rescue of criminal juvenile offenders. Sun Wenbiao, former chief accountant of Inner Mongolia Power (Group) Co., Ltd., was expelled from the Party for serious disciplinary violations and law-breaking. Su Chi, former Party secretary and president of the Beijing Intellectual Property Court, was expelled from the Party. Chen Yongyu, former vice chairman of the Xiamen Municipal Committee of the Chinese People's Political Consultative Conference, is under investigation. Ma Linbo, Party secretary of Guizhou Rural Credit Union, is under investigation. The police in Zhaodong, Heilongjiang Province, solved a 16-year-old murder case. The Wuhan earthquake monitoring network was attacked by hackers from abroad, and the police have launched an investigation. A 10-year-old boy in Xiji County, Ningxia, was beaten to death by his stepmother, and the suspect has been criminally detained.

4) National Development and Reform Commission: Since the beginning of summer, the daily power generation dispatch volume has reached a record high three times, and the national power operation is stable and orderly; the power price policy and market mechanism will be further improved. National Energy Administration: The power generation commissioning situation basically meets the expected requirements of power supply and demand. As of July 20, the middle route of the South-to-North Water Diversion Project has supplied 9.067 billion cubic meters of water to Beijing, with the water quality consistently remaining above Class II of the surface water environmental quality standard, directly benefiting more than 15 million people in Beijing.

5) The sixth China International Import Expo (CIIE) national comprehensive exhibition will resume offline and establish a guest country. The China Pavilion will be upgraded and expanded to 2,500 square meters, reaching the largest scale in history.

6) The Ministry of Water Resources is rolling out and deploying the defense work against the torrential rains and floods caused by Typhoon "Du Su Rui", the fifth typhoon of the year. "Du Su Rui" will land in the coastal areas of Fujian and Guangdong on July 28, with heavy rains in southwestern China and other areas. After landing, it will move inland, and there may be significant rainfall in Hebei, Henan, and Shandong.

7) On the morning of July 26, the special plane carrying "Yuanmeng," the giant panda living in France, arrived in Chengdu. It will start a new life at the Chengdu Research Base of Giant Panda Breeding.

8) [Military] Approved by the State Council and the Central Military Commission, starting from August 1, 2023, the 21-style training uniforms will be gradually issued and used for the national backbone militia and full-time armed cadres. The 2023 Air Force Aviation Open Activity Changchun Air Show opened on July 26, with 45 aircraft of 13 types from the Air Force taking to the sky. The "Red Eagle" aerobatic team made a stunning appearance at the air show: eight aircraft flew in close formation, performing "skillful" maneuvers with colored smoke.

9) [Hong Kong and Macao] The number of Hong Kong and Macao single-license vehicles traveling north has exceeded 500,000, with more than 23,000 vehicle owners registered. The flag-raising ceremony for the Hong Kong, China delegation to the Hangzhou Asian Games was held in Hong Kong on July 25. Hong Kong will send its largest-ever delegation to the 19th Hangzhou Asian Games.

10) [Taiwan] Taiwan media: Tsai Ing-wen inspected the "Han Guang Exercise" after being diagnosed with COVID-19. Overseas Taiwanese youth visited the "Water Cube" to experience Olympic culture.

Hong Xiu-chu, former chairman of the Kuomintang: Taiwanese compatriots should seize the opportunity to achieve better development.

International

1) Wang Yi put forward four proposals on strengthening cooperation with countries in the "Global South." Wang Yi held talks with Turkish Foreign Minister Hakan Fidan. On July 26, Vice President Han Zheng met with Alfred Kelly, Jr., global CEO of Visa, in Beijing. The Wuhan Earthquake Monitoring Center was attacked by a US cyberattack. The Ministry of Foreign Affairs: China will take necessary measures. China and Nicaragua announced that they have substantially completed negotiations on a free trade agreement and strive to sign and implement the agreement as soon as possible.

2) The Beijing Forum on Development Cooperation between Emerging Market Countries and Developing Countries was held in Beijing on July 25. The UN Under-Secretary-General thanked China for its support and contribution to peacekeeping operations. A state-owned bank in Bolivia launched RMB transactions.

3) Wang Yi was appointed as the Chinese Foreign Minister. US Secretary of State Antony Blinken responded: Looking forward to maintaining good cooperation with Wang Yi. Biden nominated the Pentagon's "number three" person. Biden claimed: "We have ended cancer." US media: This is not true. Biden's dog bit people 10 times in four months. White House spokesperson: The dog is also under pressure living in the White House.

The US Department of Defense announced that the US will provide another $400 million in military aid to Ukraine, which will include "Black Hornet" micro-drones for the first time. Florida Governor Ron DeSantis, a Republican presidential candidate, was involved in a car accident during his campaign but was not injured. US Department of Labor: Two McDonald's franchisees illegally employed more than 80 child workers. The US Department of Education is investigating whether Harvard University's admissions policies are racially discriminatory. A construction crane caught fire in New York, and a mechanical arm fell from a high altitude, hitting a nearby building. TikTok will launch e-commerce in the US, selling Chinese goods.

4) A former Ukrainian official made hundreds of millions of dollars by extorting money from conscription. Zelensky responded angrily: This is treason, disappointing.

5) On the occasion of the 70th anniversary of the victory of the War to Resist US Aggression and Aid Korea, Kim Jong Un visited the Martyrs' Cemetery of the Chinese People's Volunteers in Huichun County, South Pyongan Province;

On July 25, local time, a Russian military delegation headed by Russian Defense Minister Shoigu arrived in Pyongyang for a congratulatory visit to North Korea.

7) Cambodia announced preliminary election results, with the ruling People's Party winning a landslide victory. Cambodian Prime Minister Hun Sen announced his resignation, and the new government will be led by his eldest son, Hun Manet.

Thailand's former Prime Minister Thaksin's daughter: Her father will return home next month, ending 15 years of exile.

8) Turkey arrests nine foreign nationals linked to the Islamic State. The Turkish president said he would continue to strongly support the Palestinian cause. Ecuador experiences another prison riot, and the national prison system enters a state of emergency.

9) Typhoon Doksuri makes landfall in the Philippines, affecting 180,000 people. Remains of a Malaysian man missing for four days found in a crocodile's stomach: The crocodile weighed approximately 800 kilograms and was over 4 meters long. The number of dengue fever deaths in Bangladesh this year has

Finance and Securities

1) SASAC: Promoting state-owned enterprises to place technological innovation at the core; In the first half of the year, fixed asset investment of local state-owned enterprises in China increased by 6.7% year-on-year. The CSRC clarifies the focus of capital market regulation in the second half of the year.

2) In the first half of the year, China's software business revenue reached 551.7 billion yuan, a year-on-year increase of 14.2%.

3) The Ministry of Industry and Information Technology and the State Standardization Administration jointly issued the "National Construction Guide for the Standard System of the Internet of Vehicles Industry".

4) Starting at 24:00 on July 26, domestic refined oil prices will be adjusted upwards according to the mechanism, costing about 11 yuan more to fill a tank of gas.

5) DJI responds to "rejecting Indian military orders due to high risk": The relevant online rumors are seriously untrue. Volkswagen invests $700 million in XPeng Motors. Global top PE giant Sequoia Capital conducts large-scale layoffs.