Category: Flash News

On April 13th, the US dollar index continued to decline and US bond yields rose sharply on April 11th. Analysts from Wells Fargo believe that this means investors are withdrawing from the US market. French central bank governor De Gaulle said that the actions of the US government have undermined people’s confidence in the US dollar.

On April 12th, at the 2025 Global 6G Technology and Industrial Ecology Conference held in Nanjing, Jiangsu, Zijinshan Laboratory recently unveiled for the first time the world’s first 6G intelligent sensing fusion field test network. This facility conducts technical verification tests around six major application scenarios of 6G, and has achieved the ultimate connectivity capability and high-precision target perception new capability that is more than 10 times higher than 5G internationally. (CCTV)

On April 12, Russian Foreign Minister Lavrov said that Russia had handed over to Türkiye the list of Kiev authorities’ attacks on Russian energy facilities since the suspension of the agreement. Speaking at the Antalya Diplomatic Forum, he said: “I handed over the materials we handed over to the United States, the United Nations and the OSCE to our Turkish counterpart, Türkiye’s Foreign Minister Hakan Feidan – a list of Ukraine’s attacks on Russia’s energy infrastructure in the past three weeks.” Lavrov pointed out that despite the agreement to suspend attacks on energy infrastructure, Kiev authorities attacked Russia’s energy infrastructure almost every day.

On April 12, it was learned from the Greek side that on April 12 local time, a Greek coast guard ship was shot by the other side when it tried to inspect a Turkish ship near Lesvos Island, Türkiye, in the east of the country. The Greek coast guard fired back, forcing the ship to return to Türkiye waters. The incident did not cause any casualties among Greek personnel. Türkiye has no response to this. (CCTV)

On April 12th, the Guangzhou Municipal Bureau of Commerce announced that Hong Kong, Macao, Taiwan, and foreign nationals can enjoy trade in subsidies for automobiles, home appliances, 3C digital, electric bicycles, home decoration, kitchen and bathroom products in Guangzhou with valid identification documents. The event will be held until December 31, 2025. The activity is subject to total amount control, and the subsidy eligibility will expire once it is used up. Hong Kong, Macao and Taiwan residents and foreigners can participate in the activity if they meet the following basic conditions: holding valid certificates, including Hong Kong and Macao residents’ travel permits to the mainland, Taiwan residents’ travel permits to the mainland, Hong Kong and Macao residents’ residence cards, Taiwan residents’ residence cards, foreigners’ permanent residence identity cards (i.e. permanent residence cards, five-star cards); Mobile phone number in Chinese Mainland; Domestic bank account (only required for some activities) – The applicant must hold a type of UnionPay debit card and have a valid type of card account. The subsidy funds for car scrapping updates, car replacement updates, and electric bicycle trade in will be disbursed to bank cards.

On April 12th, it was reported that the price of raw milk has been continuously declining for over 30 months. Recently, reporters from Caixin News Agency learned from multiple ranches that some social and family ranches are facing reduced milk production and forced elimination of cows. Under long-term losses, the current proportion of family ranches is less than 10%. Industry insiders and experts told reporters from Caixin that social ranches that bear the pressure of upstream overcapacity need more detailed policies and financial support, establish mechanisms to protect the interests of dairy farmers, solve the contradiction between upstream and downstream industries, and develop integrated dairy farming and processing with family farms and farmer cooperatives as the main body. In the long run, this will help reduce breeding costs. Small financial note: In the No. 1 central document in 2025, it is proposed to support the integrated development of dairy farming and processing with family farms and farmers’ cooperatives as the main body. (Caixin News Agency reporter Zhang Chenjing)

On April 12th, it was learned from the Engineering Technology Branch of CNOOC Energy Development Co., Ltd. that the world’s first offshore mobile oilfield measure platform, “Production Increase No.1”, has recently started construction in Qingdao, Shandong. This mobile oilfield measure platform is designed and constructed by CNOOC Energy Development Co., Ltd. (referred to as “CNOOC Development”). Its commencement marks the substantial construction stage of the world’s first offshore mobile oilfield measure platform, opening up new paths for large-scale and efficient development of offshore oil and gas fields, and activating the “new intelligent engine”. (China News Service)

On April 12th, local time, Hungarian Prime Minister Orban stated that the European Union and Ukraine plan to involve Hungary and Slovakia in the war by cutting off Russian natural gas transit. In this context, the “Türkiye Creek” natural gas pipeline is crucial to Hungary’s energy security. Hungary will firmly safeguard its own interests, and Türkiye is an important partner of Hungary.

On April 12th, the Israeli Defense Forces issued a statement stating that in the past day, the Israeli 36th Division had taken control of the “Morag Corridor” in the southern Gaza Strip, cutting off the connection between the Palestinian Islamic Resistance Movement (Hamas) Rafa Brigade and the Khan Younis Brigade. In the past week, the Israeli military has killed multiple Palestinian militants in the “Morag Corridor”, dismantled underground tunnels and military facilities, and completed the siege of the city of Rafa. According to reports, the Israeli 36th Division currently controls the “Morag Corridor”, while the Gaza Division is conducting operations in the “Philadelphia Corridor”. It is reported that the Israeli army will enter Rafa next to strike the remaining Hamas militants there. About two weeks ago, the Israeli military issued an evacuation warning to local civilians in Rafa.

On April 12th, Cui Dongshu, Secretary General of the China Association of Automobile Manufacturers, issued a statement stating that the trend of the national automobile market in March was divided, showing a trend of strong passengers and weak merchants. By the end of January 2025, a new round of subsidy policies will be implemented, and the retail sales of narrow passenger cars in February and March will ultimately exceed previous expectations. Before the release of the two new policies, the market heat was relatively low. In January, consumers were mostly in a wait-and-see and waiting state. In February and March, the market heat grew rapidly, and consumer passenger car products maintained a good consumption trend before the Spring Festival, while the commercial vehicle market showed structural growth characteristics. Last year, the inventory of commercial vehicle channels was relatively high. In March of this year, the trend of commercial vehicles was differentiated, with strong growth in the new energy categories of light trucks, micro cars, and large and medium-sized cars.