Category: Flash News

On May 10th, the first commercial hydrogen powered locomotive in China was put into trial operation in Liuzhi Special District, Liupanshui City, Guizhou Province, filling the gap in hydrogen powered railway freight transportation in the southwest region. At the same time, 100 49 ton hydrogen powered heavy-duty trucks and 4 8.6-meter hydrogen fuel cell buses were officially put into operation.

On May 10th, a US federal judge ruled on the evening of May 9th local time that the Trump administration cannot proceed with large-scale layoffs or major restructuring plans for multiple federal agencies based on an executive order issued in February this year. (CCTV News)

On May 10th, according to the Shenzhen Stock Exchange, due to the withdrawal of the issuance and listing application by Shenzhen Haobo Window Control Technology Co., Ltd. and its sponsor, in accordance with Article 62 of the “Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (2024 Revision)”, this exchange has decided to terminate its issuance and listing review.

On May 10th, Indian Foreign Secretary Tang Yongsheng announced at a press conference that the commander-in-chief of military operations between India and Pakistan will hold another dialogue on May 12th. In addition, Pakistani Foreign Minister Darul stated in an interview with local media that military hotlines between India and Pakistan have been established. Tang Yongsheng announced on the same day that the Pakistani military operations commander called the Indian military operations commander at 15:35 on the 10th. Both sides have reached an agreement to cease all land, sea, and air exchanges and military operations starting from 17:00 Indian Standard Time.

On May 10th, Swiss Federal President Keller Zutter and Federal Vice President Pamland met with Vice Premier He Lifeng of the State Council in Geneva. He Lifeng stated that since the establishment of diplomatic relations between China and Switzerland 75 years ago, under the strategic guidance of the leaders of the two countries, the relationship between the two countries has become increasingly mature and stable, the economic complementarity has continued to strengthen, and the achievements in trade and investment have been fruitful. The current international situation is complex and severe. China and Switzerland should strengthen communication, build consensus, work together to address challenges, jointly safeguard free trade and open markets, and make substantial progress in upgrading the China Switzerland Free Trade Agreement negotiations as soon as possible, contributing to global peace, stability, and economic development and prosperity.

On May 10th, it was learned from a supply chain company that Apple has provided suppliers with a shipping target guidance of launching the first foldable screen phone in the second half of 2026, which is a “large foldable screen iPhone”. This supply chain company is a supplier of multiple components for Apple phones. The supply chain company stated that it hopes to be included in the list of key component suppliers for foldable iPhone, and the relevant components have been sent for sample testing recently; But in order to obtain incremental business orders for key components of foldable iPhone, it still needs to go through Apple’s factory audit. It is expected that Apple will enter the NPI (New Product Import) process after completing the supplier selection for the foldable screen iPhone. An industry chain insider analyzed that Apple has a large customer base for smartphones, and it is expected that there will be a high demand for Apple’s foldable screen iPhone market, but sales will depend on the final pricing. (Zhongzheng Taurus)

On May 10th, Cui Dongshu released an analysis of the price reduction in the passenger car market in April 2025, stating that the scale of new car price reductions this year is relatively moderate. The current price competition is mainly based on the direct breakthrough of the lower limit of the original price when new cars are launched, rather than the model of adding configurations without lowering prices. The discounted models did not appear in April, and it is difficult to pay much attention to the price reduction, so it is better to improve the cost-effectiveness of new cars. There are generally not many discounted car models from 2025 to April, mainly new energy vehicles, concentrated from February to April. There are more fuel vehicles in January and fewer in April, which is still normal. With the strengthening of promotional subsidies for national scrapping and renewal, the market has rebounded, and the driving effect on the car market is obvious. Therefore, the pressure of price wars has relatively eased, and the car market has entered a good state of sustained strength in the spring.

On May 10, Ding Zhijie, Director of the Financial Research Institute of the People’s Bank of China, shared his views on economic theory and the US debt issue at the seminar on the reform and development of China’s capital market and the theoretical logic of China’s capital market (10 volumes). In his speech on “How US Foreign Debt is Formed”, he emphasized that the high net foreign debt of $24 trillion by 2024 is a major hidden danger for the United States and even the world. The fault lies not in the fact that the US dollar is an international currency, but in the abuse of international currency privileges by the United States; The United States needs to adjust, that’s right, but the mistake is letting other countries foot the bill. (Shanghai Securities News)

On May 10th, according to the Russian news agency TASS, the “Cosmos-482” automatic probe launched by the Soviet Union in March 1972 has recently crashed into the Indian Ocean west of Jakarta. The probe was originally planned to fly to Venus, but due to a booster malfunction, it was unable to leave Earth’s orbit. As time goes by, the height of the detector decreases and eventually falls back into the atmosphere. The device has a diameter of about one meter and weighs less than 500 kilograms.