Category: Flash News

On April 19th, according to The Guardian, the chaotic tariff policies of the US government are harming the interests of American agricultural producers, and a large number of American agricultural producers may face financial bankruptcy in the future. According to data from the American Farmers’ Association, the number of farm bankruptcies in the United States increased by 55% year-on-year in 2024, while the cash flow of many farms has been deteriorating in recent years. National Public Radio recently reported that due to high production and borrowing costs, the default rate of loans for American agricultural producers has become high, and tariff policies may cause American agricultural producers to permanently lose a part of the international market, putting American agriculture in a difficult situation. (CCTV Finance)

On April 19th, according to Beijing Customs, the import and export volume of Beijing region (including central units in Beijing) in the first quarter of this year was 719.89 billion yuan. Among them, exports amounted to 148.09 billion yuan, an increase of 2.2% compared to the same period last year. Beijing’s foreign trade has further increased in terms of “new” volume. In the first quarter, the automobile industry in Beijing exported 12.81 billion yuan, a year-on-year increase of 56%, which pulled up the export growth rate of the same period by 3.2 percentage points and had the strongest driving effect. During the same period, the pharmaceutical and health industry and the green and low-carbon industry exported 3.16 billion yuan and 1.9 billion yuan respectively, an increase of 5.8% and 119.1% year-on-year.

On April 19th, Chongqing Customs announced that in the first quarter of 2025, the total value of Chongqing’s foreign trade imports and exports was 165.14 billion yuan (RMB, the same below), a year-on-year increase of 4.1%. According to Chongqing Customs, in the first quarter of 2025, ASEAN will be Chongqing’s largest trading partner, with imports and exports of 28.14 billion yuan, a year-on-year increase of 10.5%. In addition, Chongqing has seen year-on-year growth of 30.9%, 9.2%, and 41.2% in emerging markets such as Latin America, the Middle East, and Africa, respectively, and its foreign trade “circle of friends” continues to expand.

On April 19th, it was reported that Shanghai International Group signed a strategic cooperation framework agreement with Baoshan District. Both parties will use the North Transformation Fund to upgrade and raise funds, with a focus on supporting the development of leading industries such as Baoshan’s green and low-carbon, new materials, robotics, and intelligent manufacturing. The full chain financial services will empower the upgrading of the science and technology innovation industry, and strengthen the cultivation of listing platforms. (Reporter Chen Mei)

On April 19th, according to a document released by the National Highway Traffic Safety Administration (NHTSA), Chrysler will recall a total of 48494 units of the 2023-2025 Alfa Romeo Tonale and Dodge Hornet models due to the possibility that the display module may not be able to display rearview camera images.

On April 19th, the National Health Commission organized and implemented the key promotion project of the “Million Disability Reduction” project today, and the clinical trial of China’s independently developed “Implantable Vaginal Nerve Stimulation System” was officially launched nationwide. This project is expected to become an important means of post-stroke disability prevention and control in China. Vaginal nerve electrical stimulation, as a minimally invasive surgery, can assist in the rehabilitation treatment of stroke patients. The data shows that this technology can help patients continuously rebuild their neurological function and significantly improve the motor function of the affected limb after the golden period of post-stroke rehabilitation, which is 6 months.

On April 19th, CITIC Securities pointed out that China has actively implemented policies to expand domestic demand through consumption. In the past two years, many policies have achieved certain results, such as the “two new” policy to promote equipment updates and trade in of consumer goods, and innovative consumption scenarios to drive consumption growth in cultural and tourism industries. However, since April, the Trump administration in the United States has gradually imposed high tariffs on China, with the pace and intensity of tariffs far exceeding expectations, seriously impacting China’s export trade. In this context, achieving significant growth in consumption in China this year is not only an inevitable choice to cope with external shocks, but also a key lever to stabilize the economic fundamentals. In the future, domestic consumption expansion policies are likely to continue to be intensified.

On April 19th, Liu Jun, the President of Industrial and Commercial Bank of China, met with Philip Brown, the CEO of Mingxun Bank, on April 17th. The two sides exchanged views on topics such as macroeconomic and financial situation, and deepening cooperation partnership. Industrial and Commercial Bank of China and Mingxun Bank maintain close communication and cooperation in business areas such as custody, clearing, and collateral management applications. Both sides will seize market development opportunities, continue to leverage their respective advantages, further deepen mutually beneficial and pragmatic cooperation in multiple fields, and contribute greater strength to promoting high-quality development of the financial industry.

On April 19th, several multinational companies have recently issued warnings about the potential impact of the US government’s tariff policies on their performance. French luxury brand Herm è s announced on the 17th that it will increase its sales prices in all business lines in the United States from May 1st, adding an additional price increase on top of the regular price increase of 6% -7%, in order to offset the impact of the US government’s tariffs. At the same time, the latest financial report released by the company shows that the sales volume in the first quarter of the 2025 fiscal year was slightly lower than market expectations, showing a rare weakness.

On April 19th, the first humanoid robot half marathon started running in Beijing. Multiple online videos show that the Yushu Technology G1 humanoid robot fell while running and then stood up to continue the race. Yushu Technology issued a statement stating that Yushu has not participated in any competitions recently and is mainly busy preparing for live combat broadcasts of humanoid robots. The G1 humanoid robot has been sold to a large number of customers worldwide since its shipment last year and has been in use for a long time. So for this marathon race, several independent teams also used our robots. For example, our clients participated in the competition using their own algorithms, so we can see many of our robots on site. There are several independent teams using it, and the performance of robots varies greatly depending on the operation or development situation of different people. Please do not misunderstand. Robots, like other electronic products, are closely related to their performance and users. We hope everyone can work together to promote the progress of the robotics industry