April 22 Macroeconomic index:Sanctions, technological breakthroughs and energy cooperation

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Domestic News

1. China has decided to impose sanctions on members of the US Congress, officials and heads of non-governmental organizations (NGOs) for their egregious behavior on Hong Kong-related issues

2. CATL launched the second generation of Shenxing super fast charging batteries

3. Four departments including the People's Bank of China: explore the internationalization of the delivery of specific varieties on the Shanghai Gold Exchange and set up overseas delivery warehouses

4. Ministry of Commerce: A new round of expanded opening up of the service industry will be fully rolled out to 11 pilot provinces and cities at one time

5. iFLYTEK's deep inference model iFLYTEK Xinghuo X1 has been upgraded

 International News

1. Trump is dissatisfied with the dismal sales of American cars in Japan. Japanese Prime Minister: It needs to meet consumer demand

2. The Russian Ministry of Economy lowered the forecast for Brent oil prices in 2025 by nearly 17%

3. Saudi Aramco and BYD will cooperate on new energy vehicle technology

4. Azerbaijani President Ilham Aliyev is about to visit China

5. State Gas Corporation of Ukraine

Domestic News

1. China has decided to impose sanctions on members of the US Congress, officials and heads of non-governmental organizations (NGOs) for their egregious behavior on Hong Kong-related issues

At a regular press conference held by the Ministry of Foreign Affairs, a reporter asked a question about the US side's "sanctions" against six officials of the Chinese central government in Hong Kong and the Hong Kong SAR government. Foreign Ministry Spokesperson Guo Jiakun: The US has indiscriminately imposed illegal unilateral sanctions on six officials of the Chinese central government in Hong Kong and the Hong Kong SAR government, seriously interfering in Hong Kong affairs and China's internal affairs, and seriously violating the principles of international law and basic norms governing international relations. China strongly condemns such despicable acts. In accordance with the relevant provisions of the Anti-Foreign Sanctions Law of the People's Republic of China, China has decided to impose sanctions on US congressmen, officials and heads of non-governmental organizations for their egregious behavior on Hong Kong-related issues. We want to tell the US side that Hong Kong is China's Hong Kong and that Hong Kong affairs brook no interference. Any erroneous act taken by the US on Hong Kong-related issues will be met with resolute countermeasures and reciprocal countermeasures from China.

2. CATL launched the second generation of Shenxing super fast charging batteries

On April 21, CATL released the second-generation Shenxing super-rechargeable battery, which is a lithium iron phosphate battery. According to CATL, the battery has a range of 800 kilometers, a peak charging rate of nearly 12C, and a peak charging power of more than 1.3 megawatts, which can achieve "5 minutes of charging and a range of more than 520 kilometers".

3. Four departments including the People's Bank of China: explore the internationalization of the delivery of specific varieties on the Shanghai Gold Exchange and set up overseas delivery warehouses

The People's Bank of China and other four departments jointly issued the Action Plan for Further Improving the Facilitation of Cross-border Financial Services in the Shanghai International Financial Center. It is mentioned that the function of important financial platforms in allocating global resources will be enhanced. Establish a high-level international financial asset trading platform, and build an important functional platform for allocating global financial resources and facilitating international investors to deeply participate in China's financial market. Support the Shanghai Gold Exchange and other overseas exchanges to carry out product licensing cooperation, and expand the application of RMB benchmark prices in mainstream international markets. Explore the internationalization of the delivery of specific varieties on the Shanghai Gold Exchange, and set up overseas settlement warehouses.

4. Ministry of Commerce: A new round of expanded opening up of the service industry will be fully rolled out to 11 pilot provinces and cities at one time

Ling Ji, Vice Minister of Commerce and Deputy Representative of International Trade Negotiations, said at the press conference of the State Council Information Office that in order to accelerate the formation of richer and more diverse institutional innovation achievements and further improve the efficiency of the pilot, a new round of comprehensive pilot projects for the expansion and opening up of the service industry will be fully rolled out to all 11 provinces and cities in the pilot at one time, and no longer distinguish between regions and task batches.

5. iFLYTEK's deep inference model iFLYTEK Xinghuo X1 has been upgraded

iFLYTEK's deep inference model, iFLYTEK Xinghuo X1, ushered in a new upgrade. The upgraded Xinghuo X1 has significantly improved its effect on general tasks such as mathematics, code, logical reasoning, text generation, language understanding, and knowledge question answering, and the overall effect is equivalent to be comparable to OpenAI o1 and DeepSeek R1 when the model parameters are one order of magnitude smaller than similar models in the industry.

International News

1. Trump is dissatisfied with the dismal sales of American cars in Japan. Japanese Prime Minister: It needs to meet consumer demand

According to the Asahi Shimbun, in response to U.S. President Trump's dissatisfaction with Japan's insufficient imports of American cars, on the 21st, Japanese Prime Minister Shigeru Ishiba said that the sales of U.S. cars in Japan depend on whether they meet the needs of Japanese consumers. In addition, Shigeru Ishiba also said that if he buys an American car that breaks down and cannot be repaired, it may also affect Japanese consumers to buy again. During a telephone conversation with Mr. Trump on April 7, Mr. Ishiba expressed his displeasure at the fact that "not a single U.S. car is running on the roads of Japan."

2. The Russian Ministry of Economy lowered the forecast for Brent oil prices in 2025 by nearly 17%

Russia's Economy Ministry has cut its average Brent crude oil price forecast for 2025 by nearly 17% from September last year, from $81.7 per barrel to $68 per barrel, Interfax reported earlier on April 21. The Russian Ministry of Economy also predicts that the price of Urals crude oil produced in Russia will fall to $56 per barrel this year, far lower than the expected price of $69.7 per barrel as the basis of the Russian government's 2025 budget.

3. Saudi Aramco and BYD will cooperate on new energy vehicle technology

Saudi Aramco and BYD are collaborating on new energy vehicle technology and have signed a joint development agreement aimed at driving innovation, according to Saudi Aramco.

4. Azerbaijani President Ilham Aliyev is about to visit China

In recent years, with the personal care and promotion of the two heads of state, China-Arab relations have maintained a good momentum of development, political mutual trust between the two sides has been consolidated, and the Belt and Road cooperation has yielded fruitful results and fruitful international cooperation. During the visit, President Xi will hold talks with President Aliyev to draw up a new blueprint for the development of China-Arab relations. Premier Li Qiang and Chairman Zhao Leji will meet with President Aliyev respectively and have an in-depth exchange of views on cooperation in various fields. It is believed that this visit will further deepen the China-Arab strategic partnership and bring more benefits to the two peoples.

5. State Gas Corporation of Ukraine

Ukrainian State Gas Company (Naftogaz): will receive an additional 1 million cubic meters of LNG from Poland's Orlen.

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