Three-minute news, Saturday, July 29, 2023

Domestic

1) The opening ceremony of the 31st World University Summer Games was grandly held in Chengdu, Sichuan Province on the evening of July 28th, with Xi Jinping announcing the opening of the Chengdu Universiade.

At noon on July 28th, Xi Jinping and his wife, Peng Liyuan, held a banquet at the Jinniu Hotel in Chengdu, Sichuan Province, to welcome international guests attending the opening ceremony of the 31st World University Summer Games in Chengdu.

2) This year's No. 5 typhoon, "Dusuri," landed on the coast of Jinjiang, Quanzhou, Fujian Province at 9:55 am on July 28th. At the time of landing, the maximum wind speed near the center was 15 levels (50 meters/second, super typhoon level). Typhoon "Dusuri" has affected more than 724,600 people in Fujian.

The State Flood Control and Drought Relief Headquarters maintained a level II emergency response for flood and typhoon prevention, and continued to hold discussions and coordinate the defense work against Typhoon "Dusuri." This year's No. 6 typhoon, "Khanun," has formed and may become a super typhoon and land in China.

3) [Rule of Law] The Supreme People's Court: People's jurors with specialized knowledge can participate in subsequent environmental restoration work. The Supreme People's Procuratorate released nine typical cases of punishing crimes that endanger national defense interests and infringe upon the legitimate rights and interests of military personnel and their families. Among them, two people were sentenced to fixed-term imprisonment for the crime of destroying military marriages. The State Administration for Market Regulation released the fourth batch of typical cases of the "Iron Fist" action to investigate and handle cases in the field of people's livelihood in 2023. Four provinces and regions, including Heilongjiang, publicly released the rectification situation of the second round of central ecological and environmental protection inspections. Li Guicai, former deputy inspector of the Liaoning Provincial Department of Land and Resources, Li Decai, former director of the Urban and Rural Construction, Environment and Resource Protection Committee of the Standing Committee of the Anhui Provincial People's Congress, and Deng Tao, former director of the Organization Department of the Shantou Municipal Committee of the Guangdong Provincial Committee, were publicly prosecuted. Li Fan, former vice chairman of the Standing Committee of the Fuzhou Municipal People's Congress in Fujian Province, was expelled from the Party and removed from public office for serious violations of discipline and law. Liu Hualong, former executive vice governor of the Qiannan Prefecture Government in Guizhou Province, was publicly prosecuted. Pan Xinxiang, president of Guangdong Ocean University, is under investigation. Jilin Forest Public Security cracked down on a gang that abused and killed wild animals, with 14 people arrested. An Anhui man in his 90s who illegally entered Myanmar to become a mercenary was sentenced to detention.

4) The State Taxation Administration: In the first half of the year, the country's newly added tax cuts, fee reductions, and tax refunds and deferred payments totaled 927.9 billion yuan. Ministry of Finance: The outstanding balance of local government debt nationwide is 3,779.99 billion yuan, which is controlled within the limit approved by the National People's Congress.

5) Ministry of Housing and Urban-Rural Development: Implement policies such as lowering the down payment ratio for first-home purchases and the "recognizing the house without recognizing the loan" policy for personal housing loans. A video and telephone conference on the deployment of actively and steadily advancing the renovation of urban villages in megacities and super-large cities was held in Beijing, attended by Vice Premier He Lifeng, who delivered a speech. The Ministry of Agriculture and Rural Affairs and nine other departments deployed the "I Build My Hometown" activity.

6) The National Development and Reform Commission released the list of national logistics hubs for 2023, with 30 national logistics hubs, including the Cangzhou port type, selected. The list of national-level cultural ecological protection areas was announced: five areas, including the Hakka Culture (Gan Nan) ecological protection area, were selected.

7) GDP data from 30 provinces released: 14 provinces' growth rates outpaced the national average, with Shanghai, Hainan, and Tibet exceeding 8%.

8) [Military] Ministry of Veterans Affairs: Promote the development and growth of individual businesses and military-created enterprises of veterans from four aspects: clarifying the bottom line, improving entrepreneurial policies, building entrepreneurial platforms, and strengthening entrepreneurial services. "Soldier secretaries" now account for 10.5% of the total number of rural party organization secretaries. The wind and rain of Typhoon "Dusuri" have already made landfall, and more than 3,000 officers and soldiers from the 73rd Army Group have been deployed to provide support.

9) [Hong Kong and Macao] The US refused to allow the Hong Kong Chief Executive to attend the APEC meeting. The Ministry of Foreign Affairs: Requests the US to fulfill its responsibilities as the APEC host and stop undermining APEC's unity and cooperation. Lam Sai-hung, Secretary for Transport and Logistics of the Hong Kong Special Administrative Region Government: Hong Kong and the mainland will leverage their respective strengths and explore new paths together.

10) [Taiwan] TSMC's global R&D center was inaugurated on July 28th. Tsai Ing-wen tested positive for COVID-19 and was still feeling unwell on the morning of the 28th, and canceled her schedule for the "TSMC Global R&D Center Inauguration Ceremony" on the advice of her medical team.

International

1) On the afternoon of July 27th, Peng Liyuan met with Indonesian President's wife Iriana.

He Lifeng will chair the ninth China-France High-Level Economic and Financial Dialogue to be held in Beijing on July 29th. Recently, there have been several incidents of Chinese citizens being arrested after mistakenly crossing into Indian territory from the Nepal and India border areas, and the Chinese embassy issued a reminder. The Ministry of Foreign Affairs reminded Chinese citizens in Niger to strengthen safety precautions. The Chinese Embassy in Canada held a reception to celebrate the 96th anniversary of the founding of the People's Liberation Army.

2) Chinese representative: The arms embargo is no longer suitable for the situation in the Central African Republic. World Meteorological Organization: July is expected to be the hottest month on record. The UN Secretary-General warned that the era of "global boiling" has arrived.

3) US Secretary of Commerce admits: The Biden administration's export restrictions on China will lead to losses in revenue for US companies. US media: The police officer who set a dog on an unarmed Black man has been fired. A US reporter revealed that the Crimean Bridge was attacked twice, with the US playing a key role. Due to insufficient reserves, the US Department of Defense decided to recover gallium from "scrap". Difficult to reconcile! The US Congress adjourned early, increasing the risk of a government shutdown in the fall. The US economy grew by 2.4% in the second quarter, exceeding market expectations.

4) Putin: Will provide 50,000 tons of grain free of charge to six African countries in the coming months. The Kremlin confirmed that only 17 African heads of state attended the Russia-Africa summit this year. Russian media released a video: The Russian army used "Lancet" drones to destroy multiple Leopard tanks. A Japanese judge from the International Criminal Court, which issued an arrest warrant for Putin, is wanted by Russia. Wagner incident first public appearance? Prigozhin was photographed in St. Petersburg. Foreign media: Ukraine extends wartime state by 90 days to November 15, 2023.

5) Airbus: China is Airbus's largest market, and nearly 10,000 aircraft may be delivered in the next 20 years.

6) On the evening of July 27th, local time, a grand military parade was held in Pyongyang, the capital of North Korea, to celebrate the 70th anniversary of the victory of the Korean Fatherland Liberation War, showcasing tanks and various new types of weapons.

Kim Jong Un invited Russian Defense Minister Shoigu to lunch.

7) The No. 1 unit of the Takahama Nuclear Power Plant in Japan was restarted. South Korea protested against Japan's "Defense White Paper" claim to Dokdo Island's sovereignty.

8) Aung San Suu Kyi, former State Counsellor of Myanmar, was released from prison and has been transferred to a high-level government building. Tomato prices in India have soared by 6 times, and dozens of tomato farmers have become millionaires. Real-life vegetable stealing is taking place across India, with some vegetable shop owners hiring bodyguards to guard their shops.

9) A passenger ship capsized in the Philippines, raising the death toll to 30. Overcrowding may be one of the causes. The death toll from Typhoon "Dusuri" in the Philippines has risen to 13.

Finance and Securities

1) National Bureau of Statistics: In 2022, the added value of China's "three new" economy accounted for 17.36% of GDP, an increase of 0.11 percentage points year-on-year. Ministry of Finance: In the first half of the year, the total profit of state-owned enterprises reached 2,377.98 billion yuan, an increase of 5% year-on-year. The mid-year promotion meeting on national consumption promotion was held: to boost consumption of automobiles, home appliances and other bulk commodities.

2) Central Bank: At the end of the second quarter of 2023, the outstanding balance of RMB real estate loans was 53.37 trillion yuan, a year-on-year increase of 0.5%, 1 percentage point lower than the growth rate at the end of last year. State Administration of Foreign Exchange: In June 2023, the total transaction volume of the Chinese foreign exchange market reached 21.89 trillion yuan.

3) The Ministry of Industry and Information Technology and two other departments issued a work plan for steady growth in light industry.

4) Liu Liehong, former chairman of China Unicom, assumed the post of the first director of the National Data Bureau, marking the beginning of a new chapter in the development of the data industry. On July 28, the establishment meeting of the National Adjustment Second Phase Synergistic Development Fund Co., Ltd. was held in Beijing, with a registered capital of 31.5 billion yuan.

5) China Securities Regulatory Commission: Major shareholders, directors, supervisors and senior executives shall not circumvent the restrictions on reduction of holdings through divorce, dissolution, liquidation, or division. The China Financial Futures Exchange launched and implemented the "Changfeng Plan" to help long-term funds enter the market. As of the end of June, the total scale of private equity fund management reached 20.77 trillion yuan.

6) Yesterday's closing prices:

Shanghai Composite Index 3275.93/+1.84%

Shenzhen Component Index 11100.40/+1.62%

ChiNext 2219.54/+1.62%

Hang Seng Index 19916.56/+1.41%

Culture, Education, Sports and Entertainment

1) On the morning of July 28, the 2023 "Celebrating the New Era, Building a New Journey" Internet celebrity Jilin tour activity arrived in Hunchun, a port city in Yanbian Korean Autonomous Prefecture, where they visited the king crab wholesale warehouse, the Northeast Asia International Commodity City, and the cross-border e-commerce industrial park. In the afternoon, they visited the China Korean Folk Park in Yanji City, Yanbian Prefecture.

2) The National Copyright Administration announced the ninth batch of key works copyright protection early warning list in 2023, strengthening copyright monitoring and supervision, and severely and quickly investigating and punishing violations according to law.

3) National Cultural Heritage Administration: The total number of museums nationwide has reached 6,565, with a free opening rate exceeding 90%. The National Cultural Heritage Administration responded to the difficulty of making reservations for some museums: it will conduct a special study on cracking down on "scalpers".

4) To commemorate the 70th anniversary of the victory of the War to Resist US Aggression and Aid Korea, the publishing industry has jointly launched the "Anti-US Aggression and Aid Korea Personal Account Series".

5) The number of athletes registered for the Hangzhou Asian Games is 12,527, the highest ever. The 40 major events, 61 sub-events, and 483 minor events of the Hangzhou Asian Games have all been determined.

6) Chengdu Universiade women's basketball preliminary round: The Chinese team defeated the Portuguese team for a winning start. The men's Nanquan event held on the morning of July 29 will produce the first gold medal of the Universiade.

7) On July 28, Qin Haiyang won the men's 200m breaststroke at the Fukuoka Swimming World Championships and broke the world record, becoming the first swimmer in the history of World Aquatics to win three gold medals in breaststroke at a single World Championships.

So what if one person is missing! The ten-player Chinese women's football team beat Haiti 1-0, with Wang Shuang scoring from a penalty.

Life Services

1) Twelve foreign-funded and foreign trade enterprises from Asia and Africa have settled in the Beijing Daxing International Airport Airside Area.

2) Zhejiang Province newly established 256,000 private enterprises in the first half of the year, a year-on-year increase of 12.2%. Hangzhou Court established a bio-economy court.

3) Chengdu Universiade venues have been open for a cumulative total of nearly 80,000 hours, driving national fitness. All designated port functions of Xi'an Xianyang International Airport have been restored.

4) Thirteen districts and counties in Chongqing were hit by heavy rain, with floods exceeding warning levels in 12 rivers.

Flash floods occurred in many parts of Dehong, Yunnan, resulting in missing persons.

5) Ruqiang police in Xinjiang: A convoy crossed the wild camel nature reserve without approval, resulting in 3 deaths and 1 missing person. Typhoon "Dusuri" will enter Jiangxi around 00:00 on July 29 and stay for about 8 hours.

6) "Dusuri" continues to move northwestward, with heavy rainfall in Fujian, Zhejiang, Beijing-Tianjin-Hebei and other places. From 8 pm on July 28 to 8 pm on July 29, parts of Fujian, eastern coastal Guangdong, Zhejiang, northeastern Jiangxi, Anhui, northwestern and southern Jiangsu, eastern and northern Hubei, most of Henan, southeastern Shanxi, central and western Shandong, eastern and southern Hebei, eastern Liaoning, eastern Gansu, central and northern Shaanxi, and southwestern Yunnan will experience heavy to torrential rain.