Weekly News Digest (November 9th to November 15th)

1. The Beijing Stock Exchange, which has attracted much attention, ushered in the opening of the market on the 15th.

From the announcement of the establishment to the opening of the market, in just over two months, the pace of reform has been steady. It is expected that the Beijing Stock Exchange will set sail smoothly, inject more reform vitality into the capital market, bring more development opportunities to all parties, and inject more positive energy into the high-quality development of China's economy.

2. Xi Jinping will hold a video meeting with US President Biden.

Foreign Ministry Spokesperson Hua Chunying announced on November 13: As agreed by China and the US, President Xi Jinping will hold a video meeting with US President Joe Biden on the morning of November 16, Beijing time, to discuss Sino-US relations and issues of mutual concern. Exchange opinions.

3. The 26th Conference of the Parties to the United Nations Framework Convention on Climate Change concluded.

The 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26) concluded on the evening of the 13th in Glasgow, UK. The General Assembly reached a resolution document and reached a consensus on the implementation rules of the Paris Agreement. United Nations Secretary-General Guterres issued a video statement after the closing of the conference, saying that all parties involved have taken important steps, but it is not "enough" and that developed countries, financial institutions and technology holders should form alliances to jointly help emerging Economies reduce emissions and accelerate their transition to a green economy. He called on developed countries to honor their pledge to provide $100 billion a year to help developing countries meet climate challenges.

4. Global prices rose, and the China-US-European price index hit a new high.

According to a report released by the Food and Agriculture Organization of the United Nations recently, the global food price index has climbed to the highest point in 10 years. In October, China's CPI rose 1.5% year-on-year, the US CPI rose 6.2% year-on-year, and inflation hit a 31-year high. The euro zone's CPI rose 4.1% in October, hitting a 13-year high.

5. The Eurasian Economic Union simplifies the inspection procedures for goods in transit.

According to a recent report by the Kazakhstan News Agency, Kazakhstan plans to sign the "Eurasian Economic Union Agreement on the Use of Electronic Customs Seals to Track Transit Transported Goods" in 2021. The goods that have used electronic customs seals do not need to be in the Eurasian Economic Union member states. Do a duplicate check.

6. After the port, American airports were also blocked and exploded, and there was a backlog of cargo at the airport for several weeks!

Due to the continued impact of the new crown epidemic and the approach of Christmas, the US commodity supply chain is encountering unprecedented challenges, and systemic problems have caused various links in the supply chain to fall like dominoes one after another. In addition, the United States will also face an even greater challenge: a huge shortage of labor for transporting goods. It is reported that the labor contracts of about 15,000 dock workers on the US West Coast will expire on July 1, 2022, which will make the situation of ship congestion and container backlog worse.

7. The Ministry of Finance issued another 1.4 billion yuan to subsidize the purchase of fertilizers in 5 provinces.

According to the website of the Ministry of Finance, on November 8, the Ministry of Finance allocated a one-time increase of 1.4 billion yuan to carry out farmland drainage, grain drying and storage, and purchase of fuel oil in five provinces including Hebei, Shanxi, Shandong, Henan, and Shaanxi. , fertilizer, seeds (miao) and other materials and services needed for the restoration of agricultural production will be subsidized, focusing on making up for the increased cost of agricultural machinery operations due to rising diesel prices, ensuring a bumper grain harvest this year and laying the foundation for next year's spring and summer grain production.

8. Ministry of Industry and Information Technology: Make every effort to ensure the production and supply of fertilizers for spring ploughing.

On November 12, the Ministry of Industry and Information Technology held a symposium on production and operation scheduling of the fertilizer industry. Wang Jiangping, member of the party group and vice minister of the Ministry of Industry and Information Technology, attended the meeting and delivered a speech. Relevant provincial and regional industrial and information technology departments, industry associations and key fertilizer production enterprises participated in the meeting through video. The meeting emphasized that the CPC Central Committee and the State Council attach great importance to ensuring the supply and price of chemical fertilizers. All regions and units must fully understand that ensuring the supply of chemical fertilizers and the basic stability of prices are of great significance to protecting farmers’ enthusiasm for growing grain and maintaining the overall situation of national food security. , and make every effort to ensure the production and supply of chemical fertilizers for spring ploughing next year.

9. General Administration of Customs: China's total import and export value has surged year-on-year.

According to customs statistics, in the first 10 months of this year, China's total import and export value was 31.67 trillion yuan, a year-on-year increase of 22.2%. Among them, exports were 17.49 trillion yuan, a year-on-year increase of 22.5%; imports were 14.18 trillion yuan, a year-on-year increase of 21.8%; trade surplus was 3.31 trillion yuan, a year-on-year increase of 25.5%.

In October, my country's total import and export value was 3.34 trillion yuan, a year-on-year increase of 17.8%. Among them, exports were 1.94 trillion yuan, a year-on-year increase of 20.3%; imports were 1.4 trillion yuan, a year-on-year increase of 14.5%; trade surplus was 545.95 billion yuan, a year-on-year increase of 38.4%.

10. Panama announced that the Spring Festival has become a national holiday.

The Panama government announced on the 12th that from 2022, the Chinese Lunar New Year will be designated as a national holiday in Panama, and the Spring Festival celebrations will be integrated into Panama's international tourism promotion plan.