【Key Focus】
•Xi Jinping presided over a symposium on promoting the development of the western region in the new era
People's Bank of China: Long-term Treasury yields will operate within a reasonable range that matches long-term economic growth expectations
•The Cyberspace Administration of China (CAC) launched a special campaign to "Clear and Rectify 'Self-Media' without Bottomline Traffic".
【Domestic News】
•Xi Jinping, General Secretary of the CPC Central Committee, President of the People's Republic of China, and Chairman of the Central Military Commission, presided over a symposium on promoting the development of the western region in the new era in Chongqing on the afternoon of the 23rd and delivered an important speech. He stressed: The western region plays an important role in the overall situation of reform, development, and stability in the country. It is necessary to consistently grasp the implementation of the policies and measures of the CPC Central Committee to promote the large-scale development of the western region, further form a new pattern of large-scale protection, large-scale opening-up and high-quality development, enhance the overall strength and sustainable development capacity of the region, and strive to write a new chapter in the large-scale development of the western region in the Chinese-style modernization.
• The head of the relevant department of the People's Bank of China said in an article in the Financial Times that long-term government bond yields will generally operate within a reasonable range that matches long-term economic growth expectations. The mainland's real economic growth rate will remain at a reasonable level for a long time to come, and the trend of rebounding and improving in the past year has been consolidated.
•It was learned from the Cyberspace Administration of China that the Cyberspace Administration of China recently issued a notice to launch a two-month nationwide special action of "Clear and Rectify 'Self-Media' without Bottom Line to Gain Traffic", focusing on "self-media" to create hot spots without a bottom line, create "information traps" that mix fake and real, and strictly rectify "self-media" that ignore public interests, violate public order and good customs, disrupt public order, and do whatever it takes for the sake of traffic.
•Xie Zhangshu, deputy director of the Department of Regulation, Finance and Regulations of the National Health Insurance Administration, introduced at the press conference of the National Smart Medical Insurance Competition on the 23rd that at present, there are more than 1.12 billion medical insurance code users nationwide, more than 800,000 designated medical institutions have been connected, and the cumulative settlement has exceeded 6 billion.
•Zheng Xuanbo, director of the Department of Work-related Injury Insurance of the Ministry of Human Resources and Social Security, introduced on the 23rd that at present, a total of 131 pilot cities have been identified for direct settlement of work-related injury insurance for medical treatment in different places, and a total of 398 institutions have opened online work-related injury medical treatment, work-related injury rehabilitation, and assistive device configuration agreements. Employees injured at work can go to the agreement institutions in the pilot cities to directly settle the relevant expenses with their social security cards or electronic social security cards after completing the filing in accordance with the regulations.
•Shanxi Luliang Yongju Coal Industry "11.16" major fire accident investigation report was released to the public on April 23. According to the report, the Shanxi Provincial Public Security Bureau has taken criminal coercive measures against 18 enterprise personnel suspected of violating the law and committing crimes, including the actual person in charge of Yongju Coal Industry. The Shanxi Provincial Discipline Inspection and Supervision Organs strictly held accountable 42 public officials of the Party committees and governments of Luliang City, Lishi District, and Chengbei Sub-districts, as well as the departments of energy, housing and construction, fire rescue, natural resources, emergency management, and mine supervision, in accordance with regulations, discipline, and law.
【International News】
• A former senior finance ministry official said that if the yen weakens further, Japanese officials will be on the verge of intervening in the market. "The yen has depreciated rapidly against the dollar in the absence of changes in interest rates in the United States and Japan," Mitsuhiro Furuzawa, a former vice minister of finance and in charge of international affairs, said on April 23. "If this trend continues, intervention will come," Furusawa said, adding, "We are very close." He cited the market's reaction to the U.S. data as a factor that could prompt the Japanese authorities to take action.
• Russian Economy Minister Maxim Reshetnikov said gross domestic product (GDP) will grow by 2.8% this year. In contrast, the ministry forecasted GDP growth of 2.3% in 2024 during the autumn budget preparation. "The main growth factors remain domestic consumption and investment demand," Reshetnikov said. Retail sales are expected to grow by 7.7% in real terms this year, up from 6.4% in 2023.
•On the 23rd local time, the European Parliament voted to pass the reform bill of the Stability and Growth Pact. EU parliamentarians support the EU's new rules to control countries' annual deficits. According to the EU Stability and Growth Pact reform law, EU member states must have annual fiscal deficits of no more than 3% of their gross domestic product (GDP) and public debt must not exceed 60% of GDP.
• Tesla plans to lay off more than 6,000 jobs in Texas and California to advance CEO Elon Musk's plan to cut more than 10% of his global workforce. The layoffs include 2,688 workers in Austin, where the electric car maker has its headquarters, which has a major factory in Austin.
【List of domestic and overseas markets】
【Announcement of Listed Companies】
【Economic Data and Dynamics (Beijing Time)】
Editor: Wang Chunxia
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