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Three-minute news breakfast on Thursday, March 6, 2025

Release time：

2025-03-06

Three-minute news breakfast on Thursday, March 6, 2025

1) The third session of the 14th National People's Congress (NPC) opened in Beijing on the morning of March 5th, with Xi Jinping and others seated on the presidium. Li Qiang delivered the government work report, Zhao Leji presided over the meeting, and listened to explanations on the draft amendment to the Law of Representation, etc. On the afternoon of the 5th, Xi Jinping emphasized during his participation in the Jiangsu delegation's deliberations that major economic provinces should take on greater responsibilities and contribute to the overall national development.

2) The number of private enterprises in China has increased from 10.857 million in 2012 to 56.707 million at the end of January 2025. Private enterprises account for the absolute majority in the high-tech industry, becoming an important force in China's technological development and innovation.

3) [Voices from the Two Sessions] NPC deputy Zhang Yi: Suggests implementing a plan to double the basic old-age pension for urban and rural residents. NPC deputy Hu Xiaoqing: Suggests promoting and popularizing fertility preservation technology, giving young people more choices in childbearing. CPPCC member Hong Mingji: Suggests legislation to prohibit parents from buying and using smartphones for children under 15.

4) Minister of Transport Liu Wei: The total cost of transportation across society will be reduced by 280 billion yuan in 2024. In the first two months, a total of 35 new international air cargo routes were opened nationwide.

5) Domestic refined oil prices will be lowered from 24:00 on March 5th, saving 5.5 yuan per full tank of gas.

6) The cumulative spring irrigation area nationwide has reached more than 26 million mu.

7) [Rule of Law] National People's Congress: Will use high-quality legislation to guarantee and serve the high-quality development of China's economy and society.

8) [Military] China's military spending: An estimated increase of 7.2% in 2025, with the defense budget increasing by a single-digit percentage for 10 consecutive years. Spokesperson for the China Coast Guard Liu Dejun stated that on March 4th, with China's permission, the Philippines sent a civilian vessel to deliver supplies to its illegally grounded warship on the Ren'ai Reef. The Chinese Coast Guard questioned and confirmed the Philippine vessel and supervised the entire process.

9) [Hong Kong and Macau] The Hong Kong Innovation and Technology Conference focuses on the future path of artificial intelligence empowerment. CK Hutchison, owned by Li Ka-shing, plans to sell most of its ports to the BlackRock consortium, including the Panama port.

10) [Taiwan] TSMC's additional investment of US$100 billion in the United States has caused an uproar in Taiwan, with accusations against the DPP authorities of "selling out Taiwan".

1) Ministry of Foreign Affairs: Supports the efforts of Egypt and other Arab countries to restore security and stability in Gaza; if the US has ulterior motives and insists on harming China's interests, China will definitely fight back. The China exhibition area appeared at the 2025 Berlin International Tourism Exchange.

2) The European Union strongly condemned the US imposition of tariffs on Canada and Mexico. Arab countries agreed to establish an independent committee to temporarily manage the Gaza Strip. Saudi Arabia and Lebanon issued a joint statement emphasizing Arab joint action.

3) In a speech to a joint session of Congress, Trump said that Zelensky said he was ready to return to the negotiating table and sign a mineral agreement; the United States supports Greenland's future choices and will welcome Greenland's accession to the United States.

4) The Russian presidential press secretary: Russia is ready to make every effort to promote a peaceful resolution of the Iranian nuclear issue. The Belarusian president signed a law ratifying the Russia-Belarus Union State security treaty.

5) Zelensky said that Ukraine is willing to start peace talks under the leadership of the United States as soon as possible. Ukraine said it would handle the matter of the US suspending military aid with "absolute calmness".

6) Houthi armed forces in Yemen claimed to have shot down a US drone.

7) Mexican President: Will take measures to deal with US tariffs.

8) An attack on an army camp in northwestern Pakistan resulted in 12 deaths and 32 injuries. The wreckage of the missing Philippine fighter jet has been found, and the two pilots were killed.

9) Japanese Prime Minister Ishiba Shigeru: Japan will not decide on defense spending based on US requests.

10) Venezuela: The US request for Chevron to stop operations in Venezuela is self-defeating.

1) The State Council issued the "Guiding Opinions on Doing Well the Five Major Articles on Finance".

2) The Financial Regulatory General Bureau is piloting a moderately relaxed policy on loans for mergers and acquisitions of technology companies. The pilot program for equity investment by financial asset investment companies has been expanded. Li Yunze, director of the Financial Regulatory General Bureau: Make great efforts to solve the financing difficulties of private and small and micro enterprises.

3) The Financial Regulatory General Bureau and two other departments jointly issued a document to carry out pilot work on a comprehensive intellectual property rights financial ecosystem.

4) The Ministry of Industry and Information Technology and the State Administration for Market Regulation issued a document: Strengthen the management of product access and recall of intelligent connected vehicles.

5) Yesterday's closing prices:

Shanghai Composite Index 3341.96/+0.53%

Shenzhen Component Index 10709.46/+0.28%

ChiNext 2190.36/+0.01%

Hang Seng Index 23594.21/+2.84%

1) Minister of Education: China will release a white paper on artificial intelligence education this year; a national "County-level High School Revitalization" action plan will be launched this year.

2) The 2025 Annual Symposium on Ideological and Political Work in Colleges and Universities was held.

3) The national medical insurance information platform has cumulatively collected and traced 22.7 billion codes.

4) Jiangsu won the women's volleyball Super League championship.

1) Beijing issued a document supporting "5G+ humanoid robots", with factories likely to be the first application scenario. By 2025, Beijing will have 1800 beds for palliative care.

2) Langfang, Hebei and Xiong'an New Area have achieved "universal handling" of government services.

3) The cumulative volume of sea-rail intermodal trains between Yiwu and Ningbo-Zhoushan Port has reached 1 million standard containers.

4) The main bridge of the world's first single-tower cable-stayed-suspension bridge cooperation system, the Guangxi Tengzhou Xunjiang Bridge, was successfully closed.

5) At the foot of Mount Everest, the sound of reading is heard again—children in the earthquake-stricken area of Dingri, Tibet started school as scheduled on March 5th.

6) From 8 PM on March 5th to 8 PM on March 6th, light to moderate snow or sleet is expected in parts of eastern Tibet, central and eastern Qinghai, western and southern Gansu, central and northern western Sichuan Plateau, southeastern Shanxi, northeastern Inner Mongolia, northwestern and southeastern Heilongjiang, and eastern Jilin. Heavy snow is expected in parts of eastern Tibet, northern Qinghai, southern Gansu, and northern western Sichuan Plateau, with local blizzard conditions. Light to moderate rain is expected in parts of most of the Jiangnan, southwest, south China, and Taiwan regions. Heavy rain is expected in parts of southeastern coastal Guangxi, central and western Guangdong, and northern Taiwan.

1) Classic Combination: Shiitake Mushrooms + Yam + Chicken: Yam tonifies the spleen and stomach, chicken warms the middle energizer and benefits Qi, suitable for spring conditioning of spleen and stomach deficiency (Source: "中华药膳").

2) This dietary regimen, frequently consumed, improves Qi and blood. Black fungus + red dates + pig liver: replenishes blood and nourishes the liver, alleviating spring Qi and blood deficiency ("中医食疗学").

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