Weekly News Digest (October 25th to November 1st)

1. The Sixth Plenary Session of the Nineteenth Central Committee was held

The sixth plenary session of the 19th Central Committee of the Communist Party of China was held in Beijing on the morning of November 8. Xi Jinping, General Secretary of the Central Committee, delivered a work report to the plenary session on behalf of the Political Bureau of the CPC Central Committee, and explained to the plenary session the "Resolution of the Central Committee of the Communist Party of China on the Party's Centenary Achievements and Historical Experience (Discussion Draft)".

2. South Korea's vehicle urea is in shortage crisis! 97.6% of raw materials depend on China

Yonhap News Agency quoted data from the Ministry of Industry as saying that in the first nine months of this year, 97.6% of industrial urea, the main raw material for the production of urea for vehicles in South Korea, came from China. However, as China's coal supply situation was tense some time ago, the production capacity of coal chemical products including urea was limited, and urea exports have actually been suspended.

3. The Russian government plans to extend the freeze period of fertilizer prices to May 2022

The Russian ZERNO news network reported on October 27 that the Russian government plans to extend the fertilizer price freeze period at least until the end of spring sowing in 2022 to ensure the domestic fertilizer market supply. On October 20, Putin said that rising energy prices in Europe may lead to the suspension of fertilizer production and price increases, and instructed the government to formulate measures by November 1 to ensure the stability of nitrogen fertilizer, metallurgical products and food markets.

In mid-July, the Russian government reached an agreement with large fertilizer producers to freeze fertilizer prices until the end of October, which has been extended to the end of the year.

4. Over 30 trillion yuan

According to data released by the General Administration of Customs on the 7th, in the first 10 months of this year, the total value of my country's import and export of goods trade was 31.67 trillion yuan, a year-on-year increase of 22.2%, and the steady momentum continued to consolidate. Since China joined the World Trade Organization 20 years ago, trade in goods has risen from the sixth place in the world to the first.

5. At the China International Import Expo, US companies set a new record

According to Japan's "Asahi Shimbun" reported on November 6, on November 5, the fourth China International Import Expo, which showcases imported goods from various countries, was held in Shanghai. Against the background of Sino-US trade frictions, the number of US exhibitors still hit a new high. Many companies have brought the latest products and technologies to explore the Chinese market.

6. China is ready

On November 2, the ASEAN Secretariat, the custodian of the Regional Comprehensive Economic Partnership (RCEP), issued a notice announcing that the six ASEAN member states including Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam and China, Japan, New Zealand, Four non-ASEAN member states including Australia have formally submitted their approval letters to the ASEAN Secretary-General, reaching the threshold for the agreement to enter into force. According to the agreement, RCEP will enter into force for the above ten countries on January 1, 2022.

7. The National Development and Reform Commission issued five articles in one night, and many coal companies took the initiative to lower the coal price in the pit

The National Development and Reform Commission reported on November 3 that after a number of private enterprises such as Inner Mongolia Yitai Group, Mengtai Group, Huineng Group and Xinglong Group took the initiative to reduce the price of pit coal, state-owned enterprises such as National Energy Group and China Coal Group also took the initiative. Lower coal prices. At the recent meeting held by the China Coal Transportation and Marketing Association, more than 10 major coal companies across the country have followed up and took the initiative to reduce the pit-mouth price of 5,500 kcal thermal coal in the main producing area to below 1,000 yuan per ton. Judging from the market monitoring situation, since late October, the national coal prices in pits and ports have dropped sharply. With the increase in coal production in the later period, the supply and demand situation of the coal market will further improve.

8. 32 countries cancel tariff preferences for China

According to the World Wide Web report, from December 1 this year, 32 countries including EU member states, Canada, and the United Kingdom will officially cancel the "GSP" treatment for China's trade. Recently, my country's General Administration of Customs also issued an announcement stating that from December 1, China will no longer issue certificates of origin under the general preference system for goods shipped to EU member states, Canada, the United Kingdom, Turkey and other places. In other words, the cancellation of the "GSP" by the 32 countries is a sure thing.

9. China is strengthening port border control

According to a report by the Latin American news agency Beijing on November 4, as part of its strategy to control the new crown epidemic, China is strengthening port border control. The rebound of the epidemic has led to a surge in local cases, and experts believe that the epidemic situation is very complicated. China's National Immigration Administration said it will continue to guide citizens to leave the country for non-emergency and non-essential reasons, and continue to strictly enforce the foreigner entry policy. Personnel involved in the Winter Olympics will be strictly limited in the "epidemic prevention bubble", and inbound flights and charter flights will also be strictly protected. China prohibits foreign ships from docking and entering the port unless there is a legitimate reason, requiring freight trucks to pass through designated routes in border areas and to use non-contact methods for handover of goods.

10. There is good news about the special medicine for the new crown made in China

Recently, there have been sporadic cases of the new crown in China, and many places have started the "intensive injection" of the new crown vaccine. In the face of a global mortality rate of about 2% of the new crown pneumonia, the new crown treatment special drugs are expected to play an important role.

The reporter learned on November 7 that the research and development of special drugs for the treatment of new crowns by a number of Chinese pharmaceutical companies is progressing smoothly and will become a powerful weapon for curing critically ill patients.