Category: Flash News

On March 5th, at the 2025 National People’s Congress and Chinese People’s Political Consultative Conference, Zeng Yuqun, a member of the National Committee of the Chinese People’s Political Consultative Conference and chairman of CATL, submitted suggestions on improving the market-oriented application level of new energy storage. He suggested starting from three aspects: electricity pricing mechanism, cost diversion mechanism, and capacity compensation mechanism, to improve the market participation mechanism of new energy storage and promote the high-quality development of new energy in China.

On March 5th, US Secretary of State Rubio held talks with Irish Deputy Prime Minister and Minister of Foreign Affairs and Trade Harris on a series of urgent global issues, including US priorities for addressing the trade imbalance between the US and Ireland, as well as energy security.

On March 5th, at 24:00 today, domestic refined oil prices may experience a “second consecutive decline”. Longzhong Information predicts that domestic gasoline and diesel prices may experience their second decline of the year, with a reduction of about 90 yuan/ton. According to current calculations, it is expected that the drop in 92 # gasoline and 0 # diesel will be around 7 cents, and filling a 50L tank of 92 # gasoline is expected to save about 3.5 yuan.

On March 5th, during the National People’s Congress and Chinese People’s Political Consultative Conference, Wang Jiangping, a member of the National Committee of the Chinese People’s Political Consultative Conference and former deputy minister of the Ministry of Industry and Information Technology, pointed out in an interview that with the emergence of the DeepSeek big model, dedicated chips for specific model architectures will become the future development trend. By optimizing chip design, it is possible to achieve low process manufacturing using high process tools. Wang Jiangping predicts that the specialized chip field will experience explosive growth in the next year or two.

March 5, according to insiders, TikTok’s parent company, ByteDance, launched a new stock repurchase plan for American employees this week, with a per share offer of $189.90. This price has increased by 11% compared to the $171 per share in the stock repurchase plan a year ago, and is also higher than the $181 per share six months ago. Another person familiar with the matter said that in the latest stock repurchase plan, the valuation of ByteDance was about $315 billion. (Reuters)

① 09:00 Opening meeting of the Third Session of the 14th National People’s Congress; ② 09:45 China’s February Caixin Service PMI; ③ Pending the opening of a new round of price adjustment window for domestic refined oil products; ④ Australia’s fourth quarter GDP annual rate; ⑤ 10: 10 US President Trump delivers his first speech during his term in Congress; ⑥ 11: 30 countries hold a press conference to interpret the Government Work Report; ⑦ 15: 30 Swiss February CPI monthly rate; ⑧ 15: 45 France’s January industrial output monthly rate; ⑨ 16: 50 France February Service PMI Final Value; ⑩ 16: 55 Germany’s February Service PMI Final Value; ⑪ 17: The final value of the service PMI for February in the 00 euro area; ⑫ 17: The final value of the UK’s service sector PMI for February 30; ⑬ 18: 00 Eurozone January PPI monthly rate; ⑭ 21:15 ADP employment figures in February in the United States; ⑮ 22:30 Bank of England Governor and senior officials answer questions from MPs; ⑯ 22:45 US February S&P Global Services PMI Final Value; ⑰ 23:00 US February ISM Non Manufacturing PMI; ⑱ 23:00 Monthly factory order rate for January in the United States.

On March 5th, there have been clear signs of a rebound in market funds recently. As of the close on March 4th, the interest rates of various maturity funds have declined, and the phenomenon of inverted long and short-term interest rates of interbank certificates of deposit has been alleviated. In March, the funding situation is expected to gradually loosen. Several experts have stated that the main reasons include the possible end of non bank deposit outflows, reduced pressure on government bond supply, and some M0 funds flowing back; Meanwhile, the fiscal expenditure at the end of February also provided impetus for improving liquidity. (Shanghai Stock News)

On March 5, the Russian National Space Group said that the launch of the “Soyuz MS-27” spacecraft and the launch of the carrier rocket sent to the International Space Station by two Russians and an American was scheduled for April 8. The Soyuz 2.1 carrier rocket carrying the Soyuz MS-27 manned spacecraft will take off from the Baikonur Cosmodrome.

On March 5th, Polish Prime Minister Tusk announced at a press conference on March 4th that the Polish government plans to allocate 30 billion zlotys (approximately 7.6 billion US dollars) from the recovery fund allocated by the European Union to Poland, which will be used for defense construction and the military industry. In addition, Tusk stated that the government plans to pass a draft law next week to promote defense investment and simplify its approval process. (CCTV News)

On March 5th, Yahya Sareya, spokesperson for the Houthi armed military in Yemen, issued a statement on March 4th local time, stating that a US MQ-9 “Reaper” drone was shot down while on a mission over Hodeidah, Yemen. The US has not yet responded to this. The MQ-9 “Reaper” unmanned aerial vehicle belongs to the category of reconnaissance and strike integrated unmanned aerial vehicles, which can perform reconnaissance and surveillance tasks, as well as carry missiles to strike ground targets. (CCTV News)