Entering ChinaNO.1 Overnight Market
U.S. stocks closed on Monday, Chinese assets rose sharply, the onshore yuan closed at 7.2790 against the dollar overnight, up 459 basis points from the previous trading day’s overnight session, and the offshore yuan briefly rose above the 7.26 mark against the dollar to as high as 7.2588, up more than 800 points, or more than 1%. The FTSE China A50 futures index rose more than 1% in consecutive overnight trading.
Major European stock indexes collectively closed higher, with Germany’s DAX 30 up 0.44% at 20,989.50, Britain’s FTSE 100 up 0.18% at 8,520.45, France’s CAC 40 up 0.31% at 7,733.50, and Euro Stoxx 50 up 0.32% at 5,164.65.
International oil prices fell across the board, with the U.S. oil March contract falling 1.32% to $76.37 per barrel; Brent oil for March delivery fell 1.18% to $79.84 a barrel.
The price of bitcoin once approached $110,000, with a high of $109588, and as of press time, it was $104,000, an increase of more than 2%.
NO.2 Li Qiang: It is necessary to implement a more active fiscal policy and a moderately loose monetary policy to cultivate more new economic growth points
Li Qiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, presided over a symposium of experts, entrepreneurs and representatives of education, science, culture, health and sports on the afternoon of January 20 to listen to the opinions and suggestions on the “Government Work Report (Draft for Comments)”. Li Qiang stressed that it is necessary to implement a more active fiscal policy and a moderately loose monetary policy to provide strong policy support for coping with challenges and promoting development. It is necessary to further deepen reform and expand opening up, and stimulate the vitality of various business entities. It is necessary to promote the transformation of old and new drivers with scientific and technological innovation and cultivate more new economic growth points. Greater efforts should be made to protect and improve people’s livelihood, promote residents’ income and reduce burdens, and improve the quality of life. (News Network)
NO.3 He Lifeng requested at the national video conference on the deployment of urban renewal work to vigorously, orderly and effectively promote the key tasks of urban renewal
The video conference on the deployment of national urban renewal work was held in Beijing on the 20th, and He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the meeting and delivered a speech. He Lifeng emphasized that further understanding of the great significance of the implementation of urban renewal for the transformation of urban development model, helping high-quality economic development, and meeting the needs of the people, adhere to goal-oriented and problem-oriented, and forcefully, orderly and effectively promote the key tasks of urban renewal. (Xinhua News Agency)
NO.4 Han Zheng met with U.S. Vice President-elect Vance
On January 19, local time, President Xi Jinping’s special representative and Vice President Han Zheng met with U.S. Vice President-elect Vance in Washington. Han Zheng pointed out that economic and trade relations are an important issue of common concern to both sides, and although there are differences and frictions between China and the United States, there is huge room for common interests and cooperation between the two countries, and the two sides can strengthen dialogue and consultation on this issue. Vance said that China is playing an increasingly important role in international affairs, and the United States is willing to develop long-term and fruitful relations with China, strengthen dialogue and cooperation on international and regional issues, and jointly promote world peace and stability. (Xinhua News Agency)
Han Zheng met with representatives of the US business community and Tesla CEO Elon Musk
On January 19, local time, President Xi Jinping’s special representative and Vice President Han Zheng met with representatives of the U.S.-China Business Council and the U.S. Chamber of Commerce in Washington. Han Zheng expressed the hope that US companies will continue to invest in China, take root in China, actively play the role of a bridge, and make greater contributions to the stable, healthy and sustainable development of China-US relations. People in the US business community said that the US business community is optimistic about China’s economic prospects and development opportunities in China, and supports the United States and China in strengthening dialogue and communication to promote the continuous development of bilateral relations and economic and trade cooperation. On the same day, Han Zheng met with Elon Musk, CEO of Tesla, and said that he welcomed American companies, including Tesla, to seize the opportunity, share the fruits of China’s development, and make new and greater contributions to promoting Sino-US economic and trade relations. Musk said that Tesla is willing to deepen investment cooperation with China and play an active role in promoting economic and trade exchanges between the United States and China. (Xinhua News Agency)
NO.5 The person in charge of the Department of Treaty and Law of the Ministry of Commerce answered reporters’ questions on the EU’s judicial decision on China’s SEP licensing lawsuit to the WTO dispute settlement mechanism
On January 20, according to the website of the Ministry of Commerce, the head of the Department of Treaty and Law of the Ministry of Commerce answered reporters’ questions on the EU’s judicial decision to bring China’s SEP licensing lawsuit to the WTO dispute settlement mechanism. A reporter asked: According to media reports, on January 20, the EU brought China’s judicial decision in the SEP licensing case to the WTO Dispute Settlement Mechanism. Do you have any comment? The Ministry of Commerce said that China had received a request for consultation from the European side on January 20. In strict accordance with WTO rules and commitments, China has continuously improved its legislation and enforcement of intellectual property rights, and its achievements are obvious to all. The channels of communication between China and the EU on IP issues have also been open. China regrets the EU’s indictment. China will handle follow-up matters in accordance with WTO rules and resolutely safeguard its legitimate rights and interests.
NO.6 How to price the authorized operation of public data resources? The two departments issued a clear document
On January 20, according to the website of the National Development and Reform Commission, the National Development and Reform Commission and the National Data Bureau issued the “Notice on Establishing a Price Formation Mechanism for the Authorized Operation of Public Data Resources” to establish a mechanism for the formation of the price of authorized operation of public data resources and promote the compliant and efficient circulation and use of public data resources. The development and reform departments, in conjunction with the data management departments, are to verify the maximum allowable income of the operating bodies; Within the scope of the maximum allowable income, the authorized entity shall formulate the upper limit of the charging standards for various products and services. The operating agency shall determine the specific charging standard within the scope of not higher than the upper limit of the charging standard.
NO.7 Trump said he hoped to visit China within 100 days of taking office, and the Ministry of Foreign Affairs responded
On January 20, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A reporter asked, according to reports, Trump said that he hopes to visit China within 100 days after taking office. Do you have any response to this? Mao Ning said that China is willing to work with the new US administration, under the strategic guidance of the two heads of state, to maintain communication, strengthen cooperation, properly manage differences, and promote greater progress in China-US relations at a new starting point based on the principles of mutual respect, peaceful coexistence and win-win cooperation. (CCTV News)
TikTok resumes service in the United States Ministry of Foreign Affairs: It is hoped that the United States will provide a non-discriminatory business environment for market entities in various countries
On January 20, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A reporter asked, TikTok has resumed operations in the United States, but Trump said he wants a deal that gives the United States 50% ownership of the company, what is China’s attitude towards a deal with Trump? Mao Ning expressed the hope that the US side can listen carefully to the voice of reason and provide an open, fair, just and non-discriminatory business environment for market players from all over the world to operate in the United States. We always believe that the operation and acquisition of enterprises should be based on the principles of the market, and the decisions should be made by the enterprises. If a Chinese enterprise is involved, it should comply with Chinese laws and regulations. (CCTV News)
NO.8 In view of the possible quality risks and other problems of some centralized procurement drugs, the National Health Insurance Administration led the investigation
The National Health Insurance Administration said on January 20 that recently, during the “Two Sessions” in Shanghai, some CPPCC members and medical experts reported that some centralized procurement drugs may have quality risks and other problems, and the National Health Insurance Bureau attaches great importance to them. In order to effectively accept democratic supervision, listen to the voices of the clinical frontline, give full play to the professional role of doctors, obtain first-hand direct evidence of the clinical effectiveness of centralized procurement of drugs, further maintain the order of centralized drug procurement, and safeguard the health rights and interests of the people, it was decided that on January 21, the responsible comrades of the National Health Insurance Bureau led a team to go to Shanghai to listen to the opinions and suggestions of relevant members and experts on the centralized drug procurement policy and the quality assurance of the selected products in Shanghai in conjunction with the health, industrial informatization and drug regulatory departments. It also focuses on collecting clues on quality and efficacy issues supported by clinical data and statistically different. (CCTV News)
NO.9 Fan Weiqiu, the murderer of Zhuhai’s car collision with citizens, was executed
On January 20, 2025, the Intermediate People’s Court of Zhuhai City, Guangdong Province, complied with the execution order issued by the Supreme People’s Court and executed Fan Weiqiu. The Zhuhai Municipal People’s Procuratorate dispatched personnel to supervise the scene in accordance with law. On December 27, 2024, the Zhuhai Intermediate People’s Court sentenced Fan Weiqiu to death and deprived him of his political rights for life for the crime of endangering public safety by dangerous means. After the verdict was announced, Fan Weiqiu accepted the sentence, and the Guangdong Provincial High People’s Court reported to the Supreme People’s Court for approval after review, and the Supreme People’s Court approved Fan Weiqiu’s death sentence in accordance with law after review. (CCTV News)
Xu Jiajin, the murderer of the knife wounding case at a college in Wuxi, was executed
On January 20, 2025, after receiving the criminal ruling and execution order of the Supreme People’s Court, the Intermediate People’s Court of Wuxi City, Jiangsu Province, carried out the death sentence of Xu Jiajin in accordance with the law. The Wuxi Municipal People’s Procuratorate dispatched personnel to supervise the scene in accordance with the law. Before his execution, Xu Jiajin met with his close relatives. At around 18:30 on November 16, 2024, a case of knife wounding occurred in Wuxi Vocational and Technical College, resulting in a total of 8 deaths and 17 injuries, and the suspect was arrested red-handed. (CCTV News)
NO.10 International News
Trump was sworn in as the 47th president of the United States
On January 20, local time, in the early morning of the 21st, Beijing time, US President-elect and Republican Trump was sworn in as the 47th president of the United States at the inauguration ceremony held in the rotunda of the Capitol in Washington. The swearing-in ceremony was presided over by Chief Justice John Roberts of the U.S. Supreme Court, and Trump completed the oath under Roberts’ leadership. U.S. Vice President-elect Vance was also officially sworn in as U.S. Vice President on the same day.
This was followed by Trump’s inaugural speech. Trump said the U.S. government faces a crisis of confidence. Over the years, radical and corrupt vested interests have wrestled power and wealth from American citizens, and American society has become “hopelessly broken.” The U.S. government is incapable of responding to even a simple domestic crisis, providing a steady stream of military aid to foreign countries while providing shelter to its own people.
Trump announced that he would sign a series of executive orders, including declaring a national emergency on the southern border and sending troops to fend off what he called a “catastrophic invasion” of illegal immigrants; Declare a national energy emergency, increase the exploitation of traditional energy, end the Biden administration’s “Green New Deal”, and revoke the preferential policy for electric vehicles to save the traditional American auto industry; the establishment of a foreign tax bureau to impose tariffs on foreign imports; announcing that the U.S. government will recognize only two genders, men and women; renamed “Gulf of Mexico” to “Gulf of America”; will expand the territory of the United States and plant the American flag on a new horizon; American astronauts will be sent to Mars. (CCTV News)
On the day of Trump’s inauguration, the United States announced that it would withdraw from the Paris Agreement
On January 20, local time, the White House said that U.S. President Trump would sign an executive order for the United States to withdraw from the Paris Agreement. (CCTV News)
The total revenues of the Russian Federation budget in 2024 will exceed 36 trillion rubles
On January 20, local time, the Russian Ministry of Finance released preliminary data on the implementation of the budget of the Russian Federation in 2024, showing that the total budget revenue of the Russian Federation in 2024 is 36.707 trillion rubles. Among them, non-oil and gas revenues amounted to 25.576 trillion rubles, and oil and gas revenues amounted to 11.131 trillion rubles 。 The total expenditure of the budget of the Russian Federation in 2024 is 40.192 trillion rubles.
Putin: Russia is ready to start a dialogue with the US government on the situation in Ukraine
Russian President Vladimir Putin said on the 20th that he is willing to start a dialogue with the US government on the situation in Ukraine. (Xinhua News Agency)
Biden “preventively” pardoned Fauci and others to prevent Trump from retaliating
Biden, who is about to step down as US president, announced on the 20th that he would “preventively” pardon Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases, Mark Milley, former chairman of the US Joint Chiefs of Staff, and members of the House Special Investigation Committee for the “Capitol Hill riot” to prevent the Trump administration from retaliating against them after taking office. (Xinhua News Agency)
