yearsmonthdayWeekII. II. II, lunar calendarThe seventh day of NovemberGood morning!
Macro frontiers
Prime Minister Li Qiang:Presided over the executive meeting, listened to the report on the progress of accelerating the construction of a unified national market, discussed and adopted the "Guiding Opinions on Promoting the High-quality Development of Disease Prevention and Control", and reviewed and passed the "Coal Mine Safety Production Regulations (Draft)" and other laws and regulations. The meeting also looked at other matters. (Xinhua News Agency).
On the 18th, he said that for some time, it is the Philippines that has broken the consensus reached between China and the Philippines and exacerbated tensions in the South China Sea, it is the Philippines that has tried to change the status quo of Ren'ai Jiao and create a fait accompli, and it is also the Philippines that has tried to attract foreign forces to put pressure on China. It is hoped that the Philippine side will realize that it is futile to pin its hopes on a few major countries and force China to compromise and make concessions on issues involving its core interests. (People**).
Country***The National Development and Reform Work Conference was held in Beijing. The meeting sorted out and summarized the development and reform work in 2023, and arranged and deployed the key tasks of development and reform in 2024. The meeting mentioned that it is necessary to do a good job in economic analysis and policy research, do a solid job in monthly, quarterly and annual economic situation analysis and judgment, put forward policy suggestions in a timely manner according to the economic situation, continue to optimize a number of phased policies, study and introduce a number of targeted new measures, actively plan a number of reserve policies, do a good job in the consistency assessment of macro policy orientation, and actively carry out economic situation publicity, policy interpretation and expected guidance. Country***
National Development and Reform Commission:In order to accelerate the construction of a law-based business environment, the Department of Laws and Regulations recently organized a symposium on law-based business environment enterprises. The Department of Laws and Regulations of the National Development and Reform Commission, together with the Office of Governing the State According to Law, organized and held a symposium on the law-based business environment for private enterprises and foreign-funded enterprises to listen to the opinions and suggestions of relevant parties on the construction of a law-based business environment. The meeting was presided over by the responsible comrade of the Department of Laws and Regulations, and representatives of 11 private enterprises and 14 foreign-funded enterprises in the fields of manufacturing, service, strategic emerging industries, high-tech industries, infrastructure and other fields attended the symposium. Country***
Press Office:The Ministry of Commerce, the General Administration of Customs and other departments introduced that the country will launch 18 measures in five aspects to accelerate the integrated development of domestic and foreign trade. Including promoting the convergence and integration of domestic and foreign trade rules and systems, and promoting the same line, same standard and same quality of domestic and foreign trade products. Combined with the cultivation of new consumption growth points such as the 2024 "Consumption Promotion Year", we will support foreign trade enterprises to expand the domestic market;Support domestic trade enterprises to use cross-border e-commerce, market procurement, etc. to open up the international market. The state will also promote the sharing and application of enterprise credit information, improve the convenience of logistics, cultivate a number of domestic and foreign trade integration enterprises and domestic and foreign trade integration development industrial clusters, and carry out in-depth "brand docking", "channel docking" and "production and marketing docking" of domestic and foreign trade enterprises. At the same time, we will increase financial support and strengthen the service capacity of domestic and foreign trade enterprises. (China News Network).
General Directorate of Financial Regulation:The Measures for the Administration of Consumer Financial Companies (Draft for Solicitation of Comments) have been revised and formed, and are now open to the public for comments. According to the Consultation Paper, a consumer finance company with good operating conditions and qualified conditions may apply to the State Administration of Financial Supervision and Administration to operate some or all of the following RMB businesses: (1) asset-based business;(2) Fixed income ** investment business;(3) Consulting services related to consumer finance;(4) Other businesses approved by the State Administration of Financial Supervision and Administration. The Consultation Paper clarifies that when a consumer finance company grants a consumer loan to a borrower, it shall ensure that the borrower has genuine and reasonable consumer needs and sufficient repayment ability. The maximum credit line of the borrower's loan shall not exceed RMB 200,000. (China** Network).
State Administration for Market Regulation:Deploy and carry out the quality supervision of important livelihood commodities during the New Year's Day and Spring Festival in 2024, do a good job of online and offline ** monitoring around rice noodles and rape, Chinese New Year's Eve rice, coal, electricity, oil and gas, medicines and other goods and services, and strictly investigate and deal with illegal acts such as coaxing ** and fraud. (SAMR**).
**CAC:Recently, the "Several Opinions on the Prevention and Control of "Formalism on the Fingertips" was issued, which made it clear that it is necessary to restrict the compulsory function, prevent "empty shells" and "zombies", prevent excessive traces, prevent abuse of rankings, and prevent multiple fillers. (China Network Information Network).
Ministry of Education, Political Work Department of the Military Commission, etc.:Recently, the "Measures for the Recruitment of Ordinary High School Graduates in Military Academies and Universities" have been issued to scientifically standardize political assessments, interviews, physical examinations, file admissions, and re-examinations. (CCTV News).
[Social Observation].
Ministry of Public Security:Since 2018, public security organs across the country have cracked a total of 46 cases of various economic crimes70,000 cases, recovered more than 280 billion yuan of direct economic losses, successively arrested more than 5,000 fugitive overseas economic crime suspects from more than 100 countries and regions, and cooperated with the ** Commission for Discipline Inspection and the State Supervision Commission to arrest 14 "100 red notice personnel". (WeChat of the Economic Investigation Bureau of the Ministry of Public Security***.)
Sino-Singapore Jingwei:In November, the interest rate adjustment of state-owned banks was relatively small, the four major banks of China Agriculture, Industry and Construction basically did not adjust, and the three-year deposit interest rate of the Postal Savings Bank was raised. Overall, the average interest rate of deposits of 1 year or more was month-on-month**. The 3-month and 6-month deposit interest rates of urban commercial banks are the highest, the 1 3-year deposit interest rates of joint-stock banks are the highest, and the 5-year deposit interest rates of rural commercial banks are the highest. At the end of the year, some small and medium-sized banks began to collect deposits in advance due to the year-end assessment requirements, and most of the floating interest rates were concentrated in 5 to 15 basis points.
[International News].
Hungary and Turkey signed a priority strategic partnership agreement. On December 18, local time, Turkey's ** Erdogan visited Hungary and participated in the meeting of the Hungarian-Turkish High-level Strategic Cooperation Committee. Hungarian Prime Minister Viktor Orban and Erdogan signed a document in Budapest on priority strategic cooperation between Hungary and Turkey. Szijjártó, Hungary's Minister of Foreign Affairs and Foreign Economy, said that Hungary and Turkey are carrying out more extensive energy cooperation than ever before, and there will be close cooperation in the leasing and storage of natural gas, infrastructure development, and the use of renewable energy and hydrogen. (CCTV news client).
The latest polls show that Biden's approval rating in the United States has slipped to 34%. According to the "Capitol Hill" on December 18, local time, the latest poll released by Monmouth University in the United States on the same day showed that Biden's approval rating in the United States fell to 34%. Sixty-one percent of respondents said they disapprove of Biden's job performance. (CCTV news client).
Putin has extended the deadline for a series of decrees on Russia's economic and financial policies. On December 18, local time, Putin signed an order in Russia to postpone and revise a series of orders related to Russia's economic and financial policies. These include the extension of the Order "On Additional Temporary Economic Measures to Ensure Financial Stability in Russia in the Field of Monetary Regulation" until December 31, 2024, the extension of the Order "On the Repatriation of Foreign Currency and Russian Currency by Russian Residents Participating in Foreign Economic Activity" until July 1, 2024, the extension of the Order "On the Implementation of Special Economic Measures in the Financial, Fuel and Energy Spheres" until December 31, 2025, and the "Establishment of a Temporary Decision-Making Procedure at Certain Russian Enterprises." The order was extended until December 31, 2024. (CCTV news client).
Saudi Foreign Minister Faisal and U.S. Secretary of State Antony Blinken**. On December 18, local time, Saudi Foreign Minister Faisal was invited to have a communication with U.S. Secretary of State Antony Blinken**. During the call, the two sides discussed regional and international issues of mutual interest, in particular developments in and around the Gaza Strip, as well as how to respond to the dire humanitarian situation. (CCTV news client).
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