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2024.07.16

【View domestically】

According to the Ministry of Commerce website, the Ministry of Commerce spokesperson said that in order to safeguard the rights and interests of the development of China's new energy vehicle industry, on March 26, China brought the US "Inflation Reduction Act" related to new energy vehicle subsidies and other measures to the WTO dispute settlement mechanism. Since the US failed to reach a solution with China through consultations, on July 15, China requested the WTO to establish an expert group. The US "Inflation Reduction Act" uses the use of products from specific regions such as the United States as a subsidy premise, excludes products from WTO members such as China, artificially sets up trade barriers, and pushes up the cost of green energy transformation. No matter how it is packaged and beautified, it cannot change the nature of the discrimination, protectionism and violation of WTO rules of the subsidies involved. China is determined to advance the litigation process, which is a practical action to safeguard the authority and effectiveness of the multilateral trading system with the WTO at its core, and to safeguard the joint efforts of the international community to address climate change.

The National Development and Reform Commission and the National Energy Administration have formulated the "Action Plan for Low-carbon Transformation of Coal-fired Power (2024-2027)". It proposes to strengthen policy support and guarantee. For projects included in the national list of low-carbon transformation and construction projects for coal-fired power, on the basis of coordinating comprehensive operating costs, actual carbon reduction effects and various market benefits, explore the establishment of a sharing mechanism shared by the government, enterprises and users, and provide phased support policies.

The National Immigration Administration issued an announcement on July 15, starting from today, the 144-hour transit visa exemption policy will be implemented at the Zhengzhou air port in Henan Province, and the stay scope will be the administrative area of ​​Henan Province; the stay scope of the 144-hour transit visa exemption policy in Yunnan Province will be expanded from Kunming City to Kunming, Lijiang, Yuxi, Pu'er, Chuxiong, Dali, Xishuangbanna, Honghe, Wenshan and other 9 cities (prefectures) administrative regions. Three new ports, including Zhengzhou Xinzheng International Airport, Lijiang Sanyi International Airport and Mohan Railway Port, are added as ports applicable to the 144-hour transit visa exemption policy. It is understood that as of now, the National Immigration Administration has implemented the 144-hour transit visa exemption policy at 37 ports in Beijing, Tianjin and other places.

On July 15, China Business News reporter learned from China Railway Shanghai Bureau Group Co., Ltd. that on that day, the Yangtze River Delta G8388/9/8 "Super Loop" high-speed train ushered in the "full month" node. A total of about 110,000 passengers were sent, with an average passenger load factor of nearly 90%.

The General Office of the Shanghai Municipal Government recently issued the "Shanghai Action Plan for Promoting the Innovation and Development of Elderly Care Technology (2024-2027)", proposing that by 2027, a highland for elderly care technology innovation and industrial development will be initially built. One elderly care technology industrial park will be created, 1-2 high-quality incubators, 3-5 enterprise technology innovation centers, 1-2 R&D and testing public service platforms will be built, 5-10 leading enterprises will be introduced and cultivated, 5-10 elderly care technology product display and experience bases will be built, and a comprehensive platform for basic elderly care services in Shanghai will be initially built, serving more than 5 million elderly people annually.

【Overseas】

FBI officials said on the 14th that the current investigation believes that the gunman who attacked former President and Republican Trump acted alone and his motive is still unclear.

The Republican Party of the United States officially nominated Trump as the party's presidential candidate

According to CCTV News, on July 15, local time, at the Republican National Convention in Milwaukee, Wisconsin, a Republican representative announced that Trump would participate in this year's US presidential election as the Republican presidential candidate. Subsequently, at the Republican National Convention, former US President Trump obtained enough votes from Republican delegates and was officially nominated as the party's presidential candidate for the 2024 election.

The Republican Party officially nominates Vance as its vice presidential candidate

On the 15th local time, the Republican National Convention officially approved James David Vance as the Republican vice presidential candidate. Earlier that day, former US President Trump announced at the Republican National Convention in Milwaukee, Wisconsin that Ohio Senator James David Vance (J.D. Vance) would run in the 2024 presidential election as his vice presidential candidate.

Image source: CCTV News

Fed Chairman: Fed wants to be confident inflation is falling

According to CCTV News, on July 15, local time, U.S. Federal Reserve Chairman Powell was interviewed at the Washington Economic Club event and expressed his views on current inflation data and economic conditions. Powell said that recent data has strengthened people's confidence in falling inflation. If the Fed waits until the inflation rate reaches 2% before cutting interest rates, it will wait too long, but the Fed is waiting for more good data to confirm that inflation is falling.

Russia's central bank suspends publication of OTC foreign exchange market data

According to CCTV News, the Russian Central Bank issued an announcement on the 15th that in order to reduce the impact of sanctions, the Russian Central Bank will suspend the publication of daily over-the-counter trading volume information of the US dollar, euro and RMB against the ruble settled on T+1. The announcement also emphasized that the procedures for calculating and publishing the official exchange rates of foreign currencies against the ruble remain unchanged.

The European Council issued a statement saying that it has decided to extend sanctions against Iran until July 27, 2025. The statement said that in view of Iran's support for Russia in the Russian-Ukrainian conflict and its military support for armed groups and entities in the Middle East and the Red Sea region, the European Council decided to extend sanctions against it. It is said that the current sanctions will continue to be reviewed once a year. Currently, the sanctions target 12 individuals and 9 entities in Iran.

On the 15th local time, Syria held a parliamentary election, with 1,516 candidates from different political parties and independent candidates competing for 250 parliamentary seats. The election was held in the area controlled by the Syrian government forces. At present, parts of Idlib, Raqqa, Hasakah, Deir ez-Zor, Aleppo and other provinces in northern Syria are still controlled by Syrian opposition forces or extremist organizations.

【big company】

Xiaomi will launch SU8? Wang Hua refutes the rumor: Fake

There are market rumors that Xiaomi will unveil SU8 on July 16, and the renderings of Xiaomi SUV have been released. In response, Wang Hua, general manager of Xiaomi's public relations department, refuted the rumor through Weibo, saying: "There is no SU8, it's fake!"

Bawang Tea apologizes for the incident of "public notices posted after partners resigned": the store manager and regional management manager involved are suspended for investigation

@霸王茶姬CHAGEE released a message on the evening of July 15th, saying that the company is highly concerned about the incident of "partners being posted after leaving" at the Yifeng Plaza store in Fugou, Zhoukou, Henan. The store's handling method was extremely inappropriate, and it had no right to publicize partner information, and the content was not in line with the company's values. The company has asked the store to "revoke the public notice" immediately and contact the partner together with the company to apologize and express condolences. The company has suspended the person in charge of the store and the person in charge of regional management for investigation, and set up a special team to go to the local area to verify information and circumstances, conduct an in-depth investigation and understanding of the matter, and announce the relevant situation to internal partners and the outside world after clarifying the facts.

【Gold Nuggets】

The three major U.S. stock indexes closed higher

U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average up 210.82 points, or 0.53%, to 40,211.72; the Nasdaq up 74.12 points, or 0.40%, to 18,472.57; and the S&P 500 up 15.87 points, or 0.28%, to 5,631.22.

On July 15, northbound funds sold a net of 2.94 billion yuan throughout the day, of which the Shanghai Stock Connect bought a net of 924 million yuan and the Shenzhen Stock Connect sold a net of 3.864 billion yuan. Among the top ten stocks with the largest trading volume, the top three in terms of net buying were Zijin Mining, China Molybdenum, and Montage Technology. The top three in terms of net selling were BOE A, Zhongji Innolight, and Midea Group.

On July 15, there were 31 stocks with institutional presence in the Dragon and Tiger List, 14 stocks showed institutional net buying, and 17 stocks showed institutional net selling. The top three stocks with institutional net buying on that day were Deye Shares, Jinyi Technology, and Beilong Precision. The top three stocks with institutional net selling on that day were Haiou Shares, Amway Shares, and Wencan Shares.

【Yicai Selection】

At present, the mortgage interest rates across the country have formed multiple gradients. The first mortgage interest rate in cities including Beijing, Shanghai, and Shenzhen is around 3.5%; the first mortgage interest rate in cities such as Hangzhou and Suzhou is around 3.25%; the first mortgage interest rate in Guangzhou is around 3.2%, and the first mortgage interest rate of some foreign banks is as low as 3%; the first mortgage interest rate in cities such as Nanjing is around 3.15%.

Experts say the future is still uncertain. Even taking this unexpected event into account, it is unlikely that there will be a change "across the political spectrum" in this year's US election, leading to an overwhelming increase in Trump's support rate.

WeChat Editor| 73

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