Three-Minute News Breakfast, Saturday, January 4, 2025

2) Li Qiang presided over an executive meeting of the State Council, studying the promotion of urban renewal work, listening to a report on the work of guaranteeing the payment of wages to migrant workers, and deliberating and adopting the "Draft Regulations on the Protection of Ancient and Famous Trees".

3) The General Office of the State Council issued the "Opinions on Comprehensively Deepening the Reform of Drug and Medical Device Supervision and Promoting the High-Quality Development of the Pharmaceutical Industry." By 2030, China's comprehensive and continuous prevention and control system for senile dementia will be basically established. The General Office of the State Council issued the "Opinions on Strictly Regulating Administrative Inspections Involving Enterprises".

4) National Development and Reform Commission: Including consumer goods such as mobile phones, tablet computers, smart watches, and bracelets in the "two new" policy support categories; in the 2024 trade-in program, over 60% of consumers chose to buy new energy vehicles.

5) The Organization Department of the CPC Central Committee allocated 384 million yuan from the party dues managed by the central government to visit and comfort impoverished party members, veteran party members, and veteran cadres during the New Year and Spring Festival period. Nine departments jointly launched the 2025 "Spring Warmth for Migrant Workers" service action. The Central Political and Legal Affairs Commission released the fourth-quarter list of heroes who acted bravely in 2024.

6) The 2025 National Online New Year's Goods Festival will be launched on January 7.

7) [Rule of Law] From January to November 2024, a total of 192,000 cases of "four winds" problems were investigated and dealt with nationwide. Since 2021, procuratorial organs have prosecuted a total of 206 people in cases of financial fraud. Cracking down on financial fraud-related crimes severely, the Supreme People’s Procuratorate released typical cases. The Ministry of Public Security announced ten typical cases of insurance fraud crimes, and the special crackdown and investigation of insurance fraud crimes involved more than 15 billion yuan. The National Financial Regulatory Administration: Do not delay claims on the grounds of suspected fraud. Suspected of bribery, the Supreme People’s Procuratorate decided to arrest Li Shisong, former member of the Standing Committee of the Yunnan Provincial Committee and former vice governor.

8) [Military] The Chinese Navy's hospital ship Peace Ark made a technical port call in Singapore.

1) Wang Yi will visit Namibia, Congo (Brazzaville), Chad, and Nigeria from January 5 to 11 at the invitation. This is also the 35th consecutive year that China's foreign minister has made his first visit to Africa at the beginning of the year. The US Department of Commerce once again raised so-called "national security" concerns and considered imposing restrictions on Chinese drones. The Ministry of Foreign Affairs responded: We will take all necessary measures to firmly safeguard our legitimate rights and interests. Ministry of Foreign Affairs: China will continue to comprehensively and high-quality implement the RCEP.

3) US President Biden decided to formally block Nippon Steel's acquisition of US Steel. Musk accused Biden of committing "100% treason," because the Biden administration sold US-Mexico border wall construction materials at a low price. The FBI confirmed a terrorist attack in the United States: A retired soldier drove into people, claiming to have joined the "Islamic State." The FBI said it found no clear connection between two car attacks in the United States on New Year's Day. The victim of a car explosion in Las Vegas was a special forces soldier, and police believe he died by suicide. On the afternoon of January 2, a small plane crashed in Southern California, killing two and injuring 18.

6) Investigators from the South Korean Public Prosecutors' Office confronted the military inside the presidential residence and suspended the execution of the arrest warrant for Yoon Suk-yeol.

South Korean Public Prosecutors' Office: More than 200 people prevented the arrest of Yoon Suk-yeol, and obstruction of official duties will be prosecuted. The South Korean prosecution indicted two high-ranking military officials. The South Korean Constitutional Court announced that the impeachment case against Yoon Suk-yeol will hold its first formal debate on January 14. The remains of 42 victims of the South Korean plane crash have been handed over to their families. A fire broke out in a commercial and residential building in Seongnam, South Korea, and more than 40 people have been rescued.

7) Yesterday's closing price:

Shanghai Composite Index 3211.43/-1.57%

Shenzhen Component Index 9897.12/-1.89%

ChiNext 2015.97/-2.16%

1) The "Measures for Certification of Personal Information Protection for Personal Information Going Abroad" is open for public comment.

4) A major breakthrough in clinical trials of brain-computer interfaces in Shanghai allows real-time synthesis of Chinese using thoughts to drive a digital person.

5) Quan Hongchan was elected the best female diver of 2024. Ranked first! Pan Zhanle was rated the world's number one by an American swimming magazine.

1) Beijing's "Twenty Measures" for science education in primary and secondary schools were released. The Tianjin LNG receiving station of the national pipeline network supplied more than 40 billion cubic meters of gas to the Beijing-Tianjin-Hebei region.

2) A building under renovation in Baoshan, Shanghai collapsed, trapping three people, two of whom have been rescued and sent to hospital for treatment.

6) Strong winds in parts of Northwest China's Sichuan-Tibet Plateau. From 8 PM on January 3rd to 8 PM on January 4th, light snow or snow mixed with rain is expected in parts of northern Xinjiang, western mountains of southern Xinjiang, western Tibet, central and eastern Qinghai, Hexi and central Gansu, southern Shaanxi, western Hubei, northeastern Sichuan Basin, northern Chongqing, and western Guizhou. Moderate to heavy snow is expected in the western mountains of southern Xinjiang.