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Three-Minute News Breakfast, Saturday, November 9, 2024

Release time：

2024-11-09

Three-Minute News Breakfast, Saturday, November 9, 2024

1) On the afternoon of November 8, Xi Jinping held talks with Italian President Mattarella at the Great Hall of the People in Beijing, who was in China on a state visit. Xi Jinping will travel to Peru to attend the 31st APEC Leaders' Informal Meeting and pay a state visit to Peru, and then travel to Brazil to attend the 19th G20 Leaders' Summit and pay a state visit to Brazil.

2) Li Qiang presided over an executive meeting of the State Council, which reviewed and adopted "Several Policy Measures to Promote Stable Growth of Foreign Trade" and studied relevant measures to deepen the reform and development of elderly care services in the new era.

3) The 12th meeting of the Standing Committee of the 14th National People's Congress (NPC) passed a bill on November 8: China now has an Energy Law! It will come into effect on January 1, 2025; the Pre-school Education Law will come into effect on June 1, 2025; the newly revised Cultural Relics Protection Law will come into effect on March 1, 2025; the Anti-Money Laundering Law has been revised to curb money laundering crimes and safeguard financial security.

4) The Standing Committee of the National People's Congress reviewed and adopted the most forceful debt measures in recent years: increasing the debt limit for local governments by 6 trillion yuan to replace existing hidden debts. China will directly increase local debt resources by 10 trillion yuan.

5) The latest statistical yearbook has been released, showing that the number of marriages nationwide in 2023 has stopped falling for the first time in nearly ten years. The national natural population growth rate in 2023 was -1.48‰, down 0.88‰ from 2022. The birth rates in Tibet, Guizhou and Ningxia exceeded 10‰. The latest aging data shows that every 4.4 young and middle-aged people have to support one elderly person.

6) The 7th International Diving Salvage and Marine Engineering Equipment Exhibition opened at the Xiamen International Convention and Exhibition Center, with more than 50 major national projects on display.

7) [Rule of Law] The central ecological and environmental protection inspection reported that the ecological damage in the aquatic germplasm resource protection area in Tongren City, Guizhou Province, is prominent. The first trial of Zhang Xiulong, former vice chairman of the Standing Committee of the People's Congress of the Guangxi Zhuang Autonomous Region, on charges of bribery, opened. Prosecutors legally filed a public prosecution against Dai Daojin, former vice chairman of the Hunan Provincial Committee of the Chinese People's Political Consultative Conference, on suspicion of bribery and bribery by using influence. Zhang Gengsheng, former vice president of the China Construction Bank, is under investigation for suspected serious disciplinary violations and illegal activities. NetEase issued an internal report on corruption cases: 9 people have been subjected to criminal coercive measures, involving multiple business units.

8) [Military] On November 8, the Chinese Coast Guard ship 1303 fleet patrolled within the territorial waters of Diaoyu Island. Another real aircraft made its debut! The J-10CE made its debut at the China Airshow.

9) [Hong Kong and Macao] The Hong Kong Special Administrative Region government published the "2024 Stamp Duty Ordinance (Miscellaneous Amendments) Bill" in the Gazette. Netizens reflected that "mainland students studying in Hong Kong cannot buy student tickets." China Railway responded: The railway department will actively communicate with relevant national departments and further study and improve the preferential policies for cross-border railway student tickets with the Hong Kong side.

10) [Taiwan] Taiwan media reported that the Biden administration may allocate funds to TSMC before the change of administration.

1) The Foreign Affairs Committee of the National People's Congress issued a statement on the signing of the Philippines' "Ocean Areas Act" into law. The Ministry of Foreign Affairs summoned the Philippine ambassador to China to lodge a strong protest over the Philippines' enactment of the so-called "Ocean Areas Act" and "Archipelagic Sea Lanes Act". China and the EU have held five rounds of consultations in Beijing on the price commitment plan for the anti-subsidy case of electric vehicles.

2) A UN report says global climate finance progress is slow. The WHO urges the inclusion of health issues in climate action.

3) On the morning of November 7, local time, US President Biden said in a speech at the White House that "there will be a peaceful transfer of power on January 20 next year." After Trump's election, he announced his first cabinet member: appointing Wiles as White House chief of staff, the first woman to hold the position, who was instrumental in helping Trump win the presidential election.

Federal Reserve Chairman Powell responded to Trump's dismissal threat: He will not resign as chairman of the Federal Reserve, and the law does not allow the dismissal of the chairman of the Federal Reserve.

The Federal Reserve lowered the target range for the federal funds rate by 25 basis points. US media: US Secretary of Defense Austin spoke with former Israeli Defense Minister Gallant, calling him a "trusted partner".

4) Putin congratulated Trump on his election as US president: If Western leaders show initiative and are willing to resume contact with them. Putin said Russia stands by China: because we believe China has an "absolutely balanced policy." Putin: Many things revolve around Taiwan, they acknowledge that Taiwan is China's, but they provoke the deterioration of the situation, in order to create a crisis in Asia.

5) Foreign media: Zelensky said he did not know the details of Trump's plan to quickly end the Russia-Ukraine conflict, but said that a quick end means major concessions from Ukraine; Zelensky said that Ukraine needs weapons, not negotiations. Multiple locations in Ukraine were attacked, resulting in casualties in Kharkiv Oblast, Odessa Oblast, and other areas.

6) The French foreign minister protested against Israeli police entering French territory and arresting diplomats. Israeli fans were beaten up in the Netherlands, and the Israeli prime minister ordered a special plane to urgently evacuate them. Israel signed a contract to purchase 25 US F-15IA fighter jets. A 250-year-old building in Lebanon was blown to the ground.

7) A city in central Sudan is under siege, with at least 79 deaths.

8) A South Korean fishing boat sank, resulting in 2 deaths and 12 people still missing.

1) Minister of Finance Lan Fu'an: There are sufficient policy tools and resources to ensure that the national fiscal revenue and expenditure will be balanced this year; implement more powerful fiscal policies and actively utilize the available space for increased deficits; relevant tax policies to support the healthy development of the real estate market will be launched soon.

2) State Administration of Foreign Exchange: In the first three quarters, China's current account surplus was 1.713 trillion yuan.

3) Central Bank: Promote the implementation of securities, fund, and insurance company swap facilities and stock repurchase and increased lending.

4) As of September 30, 2024, there were 188 million registered business entities nationwide, with more than 55 million private enterprises.

5) China's financial consumer and investor protection coordination mechanism has been officially established.

6) Yesterday's closing prices:

Shanghai Composite Index 3452.30/-0.53%

Shenzhen Component Index 11161.70/-0.66%

ChiNext 2321.59/-1.24%

Hang Seng Index 20728.19/-1.07%

1) The Chinese Classical Civilization Research Institute was officially established.

2) The number of Chinese and foreign media reporters registered for the 7th China International Import Expo exceeded that of the previous session.

3) The Dispute Resolution Committee of the Chinese Football Association rejected the appeals of those involved in match-fixing and gambling against disciplinary sanctions.

4) WTT Frankfurt Championship: The Chinese national table tennis team advances to the quarterfinals.

1) Over 4700 cases of online transactions involving false advertising, etc., have been investigated in Beijing in 2024. The Hengshui super-large bridge of the Xiong'an-Shangqiu High-speed Railway successfully completed the continuous beam crossing the Huangshi Expressway.

2) Shanghai: The Oriental Hub International Business Cooperation Zone will be fully completed by 2030. With 36 new parks, the total number of urban parks in Shanghai has increased to 512.

3) 1.44 billion yuan! Guangzhou and Foshan launch the acquisition of existing housing.

4) Hainan: Real estate development enterprises can submit bank guarantees to replace part of the pre-sale fund supervision.

5) The Xinjiang section of the third power transmission channel for "Xinjiang power transmission" is fully completed.

6) Cold air will affect Xinjiang, Inner Mongolia, and Northeast China from west to east, and the "Ginkgo" continues to move westward. From 8 pm on November 8th to 8 pm on November 9th, light to moderate snow or sleet is expected in parts of northeastern Inner Mongolia, northwestern Heilongjiang, northern Xinjiang, and the western mountainous areas of southern Xinjiang. Heavy snow is expected in parts of northern and eastern northern Xinjiang, with local blizzard conditions.

1) The winter climate is dry, people are prone to excessive internal heat, and emotions are easily agitated. Drinking some white radish juice can clear away internal heat and prevent excessive emotional fluctuations. White radish can reduce Qi, aid digestion, remove diseases, moisten the lungs, detoxify, and produce body fluids.

2) Eating lotus root raw can clear heat, moisten the lungs, cool blood, and promote blood circulation; eating it cooked can invigorate the spleen and stomach, stop diarrhea, consolidate essence, and nourish the brain. Eating it in winter can not only clear heat and moisten dryness, but also promote the circulation of Qi, making it an excellent food for regulating Qi. Raw lotus root can be juiced and mixed with fresh pear juice, sugarcane juice, etc.; cooked lotus root can be used to make lotus root and spare ribs stew.

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