Three-minute news breakfast on Friday, May 10, 2024

On the morning of May 9th, local time, Xi Jinping attended a welcome ceremony in Budapest jointly hosted by Hungarian President Katalin Novák and Prime Minister Viktor Orbán. Afterwards, Xi Jinping held talks with Hungarian President Katalin Novák at the Presidential Palace in Budapest.

2) The State Council issued the "Decision on Adjusting and Improving the Catalog of Industrial Product Production Licenses." The second batch of the third round of central ecological and environmental protection inspections entered seven provinces and cities, and the reporting channels were announced.

Chinese scientists have developed a photonic chip material that can be manufactured on a large scale.

4) On May 9th, Hangzhou and Xi'an completely lifted housing purchase restrictions, and purchasing houses throughout the city no longer requires a purchase qualification review. Currently, excluding the four first-tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen, only Hainan Province and Tianjin City remain in a state of partially lifting purchase restrictions.

5) The China Consumers Association (CCA) named and criticized platforms for inducing elderly people to pay for short videos.

6) A traffic accident occurred near the Xishan Cemetery on G110 National Highway in Qingtongxia City, Ningxia, resulting in 9 deaths and 2 injuries. Most of the dead and injured were from the same village and worked at the cemetery.

Zhou Zheng, former vice general manager of COFCO Group, was expelled from the party. Zhang Hongli, former vice president of the Industrial and Commercial Bank of China, was expelled from the party. The second instance of the Hongling Venture Capital illegal fundraising case upheld the original verdict, and Chairman Zhou Shiping received a life sentence. A nurse in Inner Mongolia was sentenced to three years in prison and fined 240,000 yuan for using saline to impersonate cervical cancer vaccines for more than 40 people.

8) [Military] The Chinese Navy ships Qi Jiguang and Jinggangshan will visit Cambodia and East Timor.

1) Peng Liyuan, wife of Xi Jinping, visited Buda Castle with Katalin Novák, wife of Hungarian President Katalin Novák, and had tea together. The United States sanctioned Chinese companies on the grounds of allegedly supporting the development of Russian military and energy industries. The Ministry of Commerce responded: This is a typical act of unilateral bullying and economic coercion. China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies.

2) China calls on the international community to work together to promote global artificial intelligence governance. The UK refused to sign the WHO pandemic treaty: After signing the treaty, it would have to give up one-fifth of its vaccines. World Meteorological Organization: The 2023 El Niño severely hit Latin America and the Caribbean.

3) Biden admitted that US weapons caused the deaths of Gaza civilians and threatened to stop supplying weapons to Israel. Federal Reserve officials: Interest rates may remain high for a longer period.

The Ukrainian parliament decided to extend the state of martial law and military mobilization for another 90 days, from May 14th to August 11th.

5) Israel Defense Forces: The Israeli army carried out air strikes on about 100 specific targets, killing about 30 Palestinian militants in the Rafah area. French media: The Israeli army reopened the crossing point under pressure.

6) South Korean President Yoon Suk-yeol apologized to the people for his wife's acceptance of designer bags, saying that his wife "was not wise enough in her actions." The death toll from the Noto Peninsula earthquake in Japan is expected to increase, possibly exceeding that of the Kumamoto earthquake.

7) The Turkish Navy held large-scale exercises, and newly equipped suicide drones made their debut.

8) More than 100 crew members collectively called in sick, affecting more than 90 flights in India. A passenger plane in Senegal ran off the runway, injuring 11 people.

9) The death toll from heavy rains in southern Brazil has risen to 100. The Webb telescope discovered a rocky exoplanet that may have an atmosphere.

1) General Administration of Customs: In the first four months of 2024, China's import and export of goods increased by 5.7%; turning from negative to positive! In April alone, China's import and export of goods increased by 8% year-on-year. China Small and Medium Enterprises Association: The development index of small and medium-sized enterprises in April was 89.4, up 0.1 points from March, marking a rebound for two consecutive months.

6) Yesterday's closing prices:

Shanghai Composite Index: 3154.32/+0.83%

Shenzhen Component Index: 9788.07/+1.55%

ChiNext Index: 1900.01/+1.87%

Hang Seng Index: 18537.81/+1.22%

6) Yao Ming attended the "Basketball in its Prime" friendly match and interacted with middle school students in Changsha. Lu Enchun, the first captain of the national gymnastics team, passed away at the age of 93.

5) There will be relatively strong rainfall in southern China, local strong convection in North China and Northeast China, and strong winds in Northwest China, North China, and Northeast China. From 8 pm on May 9th to 8 pm on May 10th, parts of southern Heilongjiang, central and western Jilin, western Liaoning, northeastern Hebei, western Sichuan Basin, central and eastern Guizhou, southwestern Hubei, eastern and western Hunan, southern Yunnan, northern and southern Guangxi will experience moderate to heavy rain, with local torrential rain in southeastern Chongqing and northeastern Guizhou.