March 22nd Macroeconomic Index: China Recovers 181 Billion Yuan in Tax Losses, Employment Stability Factors Accumulate

Latest Global Major Index

International Crude Price Trend and Exchange Rate of RMB to USD Trend

Domestic News

1. In 2023, 135,000 taxpayers suspected of violating the law will be investigated and punished in accordance with the law, and 181 billion yuan of tax losses will be recovered

2. National Bureau of Statistics: In the next stage, favorable factors to promote employment stability will continue to accumulate

3. National Bureau of Statistics: The expected economic growth target of about 5% can be achieved through efforts

4. Beijing will release the first generation of general open humanoid robot ontology

International News

1. Putin: Russia supports peace talks on Ukraine issues

2. Morgan Stanley: raise the oil price forecast to 90 US dollars

3. The Bank of Japan conducts unplanned bond purchases

4. Apple is expected to release two fourth-generation AirPods models around September and October

Domestic News

1. In 2023, 135,000 taxpayers suspected of violating the law will be investigated and punished in accordance with the law, and 181 billion yuan of tax losses will be recovered

In 2023, the tax department investigated and punished a total of 135,000 taxpayers suspected of violating the law in accordance with the law, recovering 181 billion yuan in tax losses, cooperated with the public security department to take compulsory measures against 8,228 criminal suspects, and 539 criminal suspects surrender. In response to the crime of defrauding export tax rebates, which is the most egregious tax-related crime, in 2023, multiple departments jointly deployed a special operation to inspect 2,599 export enterprises and recover 16.6 billion yuan of export tax rebate losses. In 2023, the public security organs organized and launched 112 cluster crackdowns, and the number of cases filed for the crime of defrauding export tax rebates, the number of criminal suspects arrested, the total value of the cases involved, and the recovery of economic losses have all increased significantly year-on-year. (CCTV News）

2. National Bureau of Statistics: In the next stage, favorable factors to promote employment stability will continue to accumulate

Liu Aihua, spokesman of the National Bureau of Statistics, said that in the next stage, favorable factors to promote employment stability will continue to accumulate. On the one hand, employment capacity continues to expand. With the further recovery of economic operation, especially the service industry, the transformation of old and new drivers has accelerated, and new employment growth points in the digital economy, green economy, and silver economy have continued to emerge, providing solid support for stabilizing employment. On the other hand, policy support is also increasing. All regions and departments have given more prominence to the priority orientation of employment, strengthened the support of fiscal, tax, financial and other policies to stabilize employment, increased the intensity of special policies to promote employment, and strengthened support for enterprises in industries with large employment capacity. (China.com)

3. National Bureau of Statistics: The expected economic growth target of about 5% can be achieved through efforts

Liu Aihua, spokesman of the National Bureau of Statistics, said that the fundamentals of China's economy continue to improve, and the positive factors that promote the economic rebound are accumulatively strengthened. In addition, the sustained efforts of macroeconomic policies have shown remarkable results, and achieving the expected economic growth target of about 5% is conditional and supportive, and it can also be achieved through hard work. (Yicai)

4. Beijing will release the first generation of general open humanoid robot ontology

Recently, there has been good news from the Beijing Humanoid Robot Innovation Center, and the first generation of general open humanoid robot ontology will be released in the near future. According to the relevant person in charge of the Beijing Humanoid Robot Innovation Center, the center is mainly oriented to the shortcomings and pain points of the humanoid robot industry such as the core devices of humanoid robots, general ontology, general large models, motion control systems, tool chains and open source communities, etc., and will create a common technology platform, public service platform and standardize the relevant standards of humanoid robots for the entire industry. (Beijing Youth Daily)

International News

1. Putin: Russia supports peace talks on Ukraine issues

Russian presidential candidate and current President Vladimir Putin told reporters that Russia supports peace talks on Ukraine issues if other countries want to seriously build long-term relations between countries. Asked if Russia would be willing to cease fire in Ukraine at the request of French President Emmanuel Macron, Putin responded: "I've always been saying it, I'll repeat it again. We support peace talks, but not just because the enemy is running out of bullets. Rather, if they really, seriously and for a long time wish for peace, good-neighbourliness and friendship between the two countries, not a one-and-a-half-to-two-year moratorium for rearmament. This is a very serious question. (Sputnik)

2. Morgan Stanley: raise the oil price forecast to 90 US dollars

Morgan Stanley raised its third-quarter Brent crude oil price forecast by $10/b to $90/b due to a tighter supply-demand balance, according to a March 18 report. Oil demand is expected to rise by about 1.5 million b/d this year, slightly above historical trends, driven by jet fuel and petrochemical demand and regional demand in countries such as India, analysts including Martijn Rats said. Since the beginning of the year, time spreads have steadily recovered and refining margins have been supported, suggesting a certain degree of tightness in the market.

3. The Bank of Japan conducts unplanned bond purchases

Japan's benchmark repo rate rose to -0.061% on Friday, the highest since Feb. 9, the Bank of Japan provided 3 trillion yen of liquidity through a repo operation on Monday, offering to buy 3 trillion yen of government debt through a repo operation from March 19 to March 21.

4. Apple is expected to release two fourth-generation AirPods models around September and October                                                                                                                                                                                                                                                                                          

Mark Gurman revealed in his Power On newsletter on March 17, local time, that Apple suppliers Goertek and Luxshare Precision will start producing two new fourth-generation AirPods models in May this year. He expects the headset to be released around September-October. Apple plans to produce between 20 million and 25 million of the headphones, a record high. The new product will replace the second and third generation AirPods. The newer versions are codenamed B768(E) and B768(M), respectively, where E stands for "entry-level" and M stands for "mid-range". Both versions will feature a new design, an improved fit, and a USB-C charging case, but the mid-range version will add active noise cancellation and look-and-locate features inside the case.

Domestic Macro Economy Index