BLOG

Focus On Hongyang Plush, Understand Industry News

Three-Minute News Breakfast, Saturday, July 20, 2024

Release time：

2024-07-20

Three-Minute News Breakfast, Saturday, July 20, 2024

1) On May 20, the Central Committee of the Communist Party of China (CPC) held a symposium with non-communist personages at Zhongnanhai to solicit opinions and suggestions from leaders of the central committees of various democratic parties, the All-China Federation of Industry and Commerce, and representatives of non-party individuals on the CPC Central Committee's decision on further comprehensively deepening reforms and advancing Chinese-style modernization. Xi Jinping presided over the meeting and delivered an important speech. The CPC Central Committee sent a message of condolence to the Central Committee of the Communist Party of Vietnam (CPV) on the passing of General Secretary Nguyen Phu Trong.

2) Premier Li Qiang presided over an executive meeting of the State Council to study and implement the spirit of the Third Plenary Session of the 20th CPC Central Committee, research measures to vigorously support large-scale equipment upgrades and the trade-in of consumer goods, and review and approve the "Draft Regulations on the Resettlement of Retired Servicemen".

3) On July 19, China successfully launched the Gaofen-11 05 satellite.

4) The Ministry of Transport issued the determination standard for major accident hidden dangers in the port operation of dangerous goods. Two national standards, including the hygiene requirements for disposable sanitary products, have been revised.

5) The Ministry of Water Resources called for further strengthening the patrol and defense work of the dykes in the middle and lower reaches of the Yangtze River. Flooding exceeding warning levels occurred on 93 rivers nationwide. Shandong issued a red alert for heavy rain and geological and mountain torrent disasters. Heavy rain and flooding in Baoji, Shaanxi, resulted in 5 deaths, and rescue and disaster relief efforts are ongoing.

6) Nanjing held a memorial ceremony to see off five deceased survivors of the Nanjing Massacre.

7) [Rule of Law] Supreme People's Court: The overall growth rate of the number of cases in courts nationwide slowed in the first half of the year. The Supreme People's Procuratorate decided to arrest Peng Guofu, former vice chairman of the Hunan Provincial People's Congress Standing Committee. The Hubei Provincial Commission for Discipline Inspection and Supervision reported four typical cases of suspected job-related violations and crimes in the education sector.

8) [Military] The Ministry of National Defense responded to Japan's 2024 Defense White Paper: It is full of clichés, simply using China as an excuse to justify its military buildup and expansion, and has lodged a strong protest with Japan. The two armies of China and Laos conducted joint military exercises in the "Friendship Shield-2024" joint exercise.

9) [Hong Kong and Macau] The number of newly established companies in Hong Kong in the first half of 2024 hit a record high. A 60-year-old Hong Kong man died after saving a woman who jumped into the sea, and the Hong Kong government provided HK$6 million in aid.

10) [Taiwan] Shanghai is building a "professional" practice base for Taiwanese youth legal professionals. The trauma of the strong earthquake in Hualien, Taiwan, continues, and businesses are struggling to survive while hoping for a brighter future.

1) The Ministry of Foreign Affairs expressed strong dissatisfaction and resolute opposition to Japan's joint maritime training with Taiwan. The Philippine National Bureau of Investigation detained at least 79 Chinese citizens at a factory in Bulacan province. The Chinese Embassy in the Philippines urged the Philippine side to handle the case legally, fairly, and properly, and to make every effort to protect the legitimate rights and interests of Chinese citizens.

2) Ding Xuexiang will travel to Russia to hold the 11th meeting of the China-Russia Investment Cooperation Committee and the 21st meeting of the China-Russia Energy Cooperation Committee. On July 18, Kim Jong Un, General Secretary of the Workers' Party of Korea and Chairman of the State Affairs Commission, met with a Russian military delegation in Pyongyang.

3) Trump officially became the Republican presidential nominee. Trump said that if elected, he would end Biden's electric vehicle policy on his first day in office. Due to rising costs and limited budget, NASA canceled the VIPER lunar rover project. Former US President Obama said Biden is "finished." Former House Speaker Pelosi said Biden may soon be persuaded to drop out of the race. Trump's choice for running mate, Vance, angered Britain by saying that "a Labour-led Britain could become the first truly nuclear-armed Islamic state." British Deputy Prime Minister Rayner retorted: "Absurd." On July 19, Microsoft experienced a global outage due to a blue screen! Multiple flights were canceled, and the "culprit" was pointed to the US cybersecurity software "CrowdStrike." Microsoft said that the root cause of the "widespread global blue screen" has been fixed, but residual effects are still affecting some Microsoft 365 applications and services. Microsoft's pre-market decline narrowed to 1.6%, after falling more than 3% earlier.

4) British Trade Secretary: Currently not prepared to impose high tariffs on Chinese electric vehicles.

5) Yaël Braun-Pivet, a member of Macron's Renaissance party, was re-elected as President of the French National Assembly.

6) Israeli Prime Minister Netanyahu said that the Israeli army's military pressure on Rafah would help reach a ceasefire agreement. The Israeli army confirmed airstrikes on a school in Gaza, and Palestinian militants continued to attack Israeli forces. The Israeli army is conducting a detailed investigation into the explosion that occurred in Tel Aviv in the early hours of July 19. The Israeli parliament voted against the establishment of a Palestinian state, which was condemned by Palestine: The United States bears some responsibility. Southern Lebanon has been subjected to continuous attacks by the Israeli army, and Hezbollah claims to have destroyed an Israeli tank.

7) Suzuki Motor Corporation recalled more than 130,000 vehicles due to quality issues. Two oil tankers caught fire in Singapore's search and rescue area, and two crew members were sent to hospital for treatment.

8) An Iranian plane made a hard landing, with no reports of casualties. An Iranian police patrol was attacked, resulting in the death of one police officer. Pakistani police arrested a senior Al-Qaeda leader.

9) A 7.3-magnitude earthquake struck northern Chile, and Chilean authorities said it would not trigger a tsunami.

1) Ministry of Commerce: In the first half of the year, China's online retail sales reached 7.1 trillion yuan, an increase of 9.8%.

2) A cumulative investment of 2.6 trillion yuan has been completed in urban renewal projects nationwide.

3) National Energy Administration: In June, the total electricity consumption of the whole society increased by 5.8% year-on-year.

4) MediaTek responded to Huawei's patent lawsuit: It has entered judicial proceedings and has no significant impact on the company.

5) Yesterday's closing prices:

Shanghai Composite Index 2982.31/+0.17%

Shenzhen Component Index 8903.23/+0.27%

ChiNext 1725.49/+0.45%

Hang Seng Index 17417.68/-2.03%

1) Ministry of Human Resources and Social Security: The "Hundred Days and Ten Million Recruitment" campaign launched special recruitment events, with more than 15,000 units providing recruitment needs exceeding 505,000 person-times.

2) Chinese scientists have successfully developed a low-cost and green catalyst for propylene production.

3) On July 17, Zheng Peipei, a renowned actress who starred in films such as "Come Drink with Me," "Crouching Tiger, Hidden Dragon," and "Flirting Scholar," passed away at the age of 78. Zheng Peipei donated her brain for medical research.

4) The MXGP World Motocross Championship returns to China after a four-year absence.

1) Beijing will issue an additional 20,000 new energy vehicle quotas to eligible car-free households. Beijing launches a "trade-in" program for existing homes for new ones, initially involving more than 9,000 properties. Beijing: Primary and secondary schools should open their sports facilities to students on weekends and holidays. Beijing continues to issue a yellow high-temperature warning.

2) Shanghai: Appropriately relaxes the application conditions for auto consumer credit, lowering the down payment ratio for car loans. The police forces of Shanghai, Jiangsu, Zhejiang, and Anhui launch ten convenient and beneficial projects for the public and enterprises. Hangzhou shared bicycles are fitted with cool seat cushions, preventing 52,000 shared bicycles from getting too hot.

3) Guangdong's pilot program for personal pension has opened 8.443 million accounts. After 30 years of safe operation, Daya Bay Nuclear Power Plant has accumulated a total power generation of 433.494 billion kilowatt-hours. Water quality tests in Shenzhen revealed that 16 swimming pools failed to meet standards, primarily due to high levels of bacteria and urea.

4) Jiangxi Province launches its first railway tourism ticket package, with unused tickets automatically refunded within 30 days.

5) Heavy rainfall is expected in areas from the Sichuan Basin to the central and northern parts of the Huaihe River, while sustained high temperatures are predicted for the regions of Jiangnan and South China. From 8 PM on July 19 to 8 PM on July 20, parts of southern Shandong, northern Jiangsu and Anhui, eastern and southwestern Henan, southeastern Shaanxi, northern Hubei, western and southern Sichuan Basin, southern Sichuan-Tibet Plateau, western Yunnan, coastal South China, southern Jilin, and northern Liaoning will experience heavy to torrential rain.

1) People with Yin deficiency often experience "heatiness" after supplementation. The focus of treatment is on nourishing Yin and clearing heat. Reduce consumption of warming foods such as scallions, ginger, garlic, chili peppers, and mutton. When consuming ginger, it is not recommended to peel it. Suitable foods include lilies, white fungus, snow pears, grapes, duck meat, and lotus root, which are sweet, cool, and moisturizing.

2) People who sweat a lot should eat more calcium-rich foods such as soy products and dairy products, as well as potassium-rich foods such as potatoes and mushrooms. Pay attention to supplementing B vitamins, such as coarse grains like red beans, green beans, and oats, and eat some animal liver in moderation.

Let us help you.