1. The Standing Committee of the National People's Congress deliberated and approved the "Action Plan for Improving the Power Battery Recycling and Utilization System of New Energy Vehicles". 2. Shanghai: Promote the large-scale application of AI in vertical fields, focusing on the formation of application scenarios in areas such as autonomous driving. 3. SAIC and Huawei signed an in-depth cooperation agreement in Shanghai. 4. Musk participated in the debut of flying car Alef: road driving + ver...
In a more hawkish tone yesterday, Bank of Japan board member Sakura Takada supported continued gradual rate rises. Barclays expects the BoJ to raise interest rates at a rate of about once every six months, although it also warns that the timing could be front-loaded depending on how the Trump administration views the depreciation of the yen.
Li Qiang chaired an executive meeting of the State Council to consider and approve the 2025 Action Plan for Stabilizing Foreign Investment.
The Bank of Japan must raise interest rates to at least about 1 percent in the second half of fiscal year 2025, said Bank of Japan deliberator Naoki Tamura.
Market news: South Korea's energy ministry held a meeting to consider economic and trade affairs.
According to CCTV, Li Qiang presided over an executive meeting of the State Council, which deliberated and adopted the "Several Policies and Measures for Promoting the Stable Growth of Foreign Trade".
The Politburo of the CPC Central Committee held a meeting on October 28 to review the "Comprehensive Report on the Third Round of Inspection of the 20th Central Committee". General Secretary Xi Jinping of the CPC Central Committee chaired the meeting.
Seiji Anda, a board member of the Bank of Japan, said that there is no specific monthly consideration for when the Bank of Japan will raise interest rates again. At the same time, our rate hikes so far have had the desired effect, but we must avoid pushing Japan back into deflation by raising rates too early. (Jin Ten)
The Russian State Duma held its second and third deliberations on July 30, approving the use of bitcoin for cross-border transactions as part of an experimental legal system (EPDR) from September 1, 2024. According to foreign media, Russian President Vladimir Putin's government has allowed the use of ether (ETH) and USDT stablecoins, not just central bank digital currencies (CBDCs), which represents a major shift in Russia's attitude towards cryptocurrencies and provides an experimental platform...
On June 25th, the 10th meeting of the Standing Committee of the 14th National People's Congress held its first plenary meeting in the Great Hall of the People in Beijing on the morning of the 25th, chaired by Chairperson Zhao Leji. The meeting heard a report by Xu Hui, vice chairperson of the Constitutional Law Commission, on the results of the review of the draft amendment to the Accounting Law; the meeting heard a report by Shen Chunyao, vice chairperson of the Constitutional Law Commission, o...