Daily Macro Economy News on June 19
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Domestic News
1. The two sides agreed to jointly implement the important consensus reached at the Bali meeting between the two heads of state, effectively manage differences, and promote dialogue, exchange and cooperation
2. The seventh round of China-German government consultations is the first comprehensive docking between the two countries after the formation of the new government, and China is willing to communicate with the German side in an honest and in-depth manner based on the principles of mutual respect, seeking common ground while reserving differences, and mutual benefit and win-win situation
3. Experts said that the relevant departments will increase counter-cyclical regulation adjustment efforts, accelerate the introduction and implementation of fiscal, financial, industrial and other policy tools
4. June 19th, alumina futures listed for trading, not only have far-reaching meaning for this single product market, but also have important value for the domestic aluminum industry chain
International News
1. Barclays Bank noted that the ECB's governing council may have a disagreement after the July meeting, and the debate on the interest rate resolution may continue until somewhere closer to the September meeting
2. Intel will spend $25 billion to build a new factory in Israel, which will start production in 2027 and operate until at least 2035
3. China Energy Engineering Group and Saudi Al Jumeirah Holding Group signed a strategic cooperation memorandum to jointly promote investment and construction cooperation in the fields of energy, water and infrastructure in Saudi Arabia, the Middle East and the world
4. US Entrepreneur Elon Musk Calls for Regulation of Artificial Intelligence
Domestic News
1. The two sides agreed to jointly implement the important consensus reached at the Bali meeting between the two heads of state, effectively manage differences, and promote dialogue, exchange and cooperation
On June 18, State Councilor and Foreign Minister Qin Gang held talks with US Secretary Antony Blinken in Beijing. Qin just said, at present, China-US relations are at the lowest point since the establishment of diplomatic relations, which is not in the fundamental interests of the two peoples, nor does it meet the common expectations of the international community. The two sides had a long, honest, in-depth and constructive communication on the overall relationship between China and the United States and related important issues. The two sides agreed to work together to implement the important consensus reached at the Bali meeting between the two heads of state, effectively manage differences, and promote dialogue, exchange and cooperation. US Secretary Antony Blinken invited State Councilor and Foreign Minister Qin Gang to visit the United States, and Qin Gang expressed his willingness to visit the United States at the convenience of both sides.
2. The seventh round of China-German government consultations is the first comprehensive docking between the two countries after the formation of the new government, and China is willing to communicate with the German side in an honest and in-depth manner based on the principles of mutual respect, seeking common ground while reserving differences, and mutual benefit and win-win situation
On the afternoon of June 18, Premier Li Qiang left Beijing by charter flight and was invited by German Chancellor Olaf Scholz and the French government to Germany for the seventh round of China-German government consultations and an official visit to Germany, and to France for an official visit and to attend the New Global Financing Pact Summit. Li Qiang said Germany is the first stop of my first visit after taking office as the Premier of the State Council of China. This will be a trip to inherit friendship and deepen cooperation. Li Qiang pointed out that the seventh round of China-German government consultations is the first comprehensive docking between the two countries after the formation of the new government, China is willing to respect and seek common ground while reserving differences, the principle of mutual benefit and win-win exchanges with the German side in an honest and in-depth way, deepen the potential for cooperation, properly deal with differences and discrepancies, enrich the connotation of a comprehensive strategic partnership, to maintain the stability of the international production and supply chain and world peace and prosperity to send a positive and powerful signal.
3. Experts said that the relevant departments will increase counter-cyclical regulation adjustment efforts, accelerate the introduction and implementation of fiscal, financial, industrial and other policy tools
According to China Securities Journal, in order to promote a sustained economic rebound to the good, a package of policy measures will accelerate the release of signals. Experts said that the relevant departments will increase counter-cyclical regulation adjustment efforts, accelerate the introduction and implementation of fiscal, financial, industrial and other policy tools, which to maximize the confidence and vitality of all kinds of market subjects and focus on expanding consumption and investment demand, to help the overall improvement in economic performance.
4. June 19th, alumina futures listed for trading, not only have far-reaching meaning for this single product market, but also have important value for the domestic aluminum industry chain
According to the Securities Times, June 19th, alumina futures listed for trading, not only have far-reaching meaning for this single product market, but also have important value for the domestic aluminum industry chain. In recent years, there is an oversupply of alumina in the market, the low level of profitability of enterprises, the urgent need for high-quality transformation and other issues, the industry calls for the orderly release of production capacity.
International News
1. Barclays Bank noted that the ECB's governing council may have a disagreement after the July meeting, and the debate on the interest rate resolution may continue until somewhere closer to the September meeting
Barclays Bank noted that the ECB's governing council may have a disagreement after the July meeting, with the debate on the rate resolution may continue until somewhere closer to the September meeting. With recent sluggish economic activity and further evidence that tight monetary policy is being transmitted to the real economy, the July rate hike should be the last one.
2. Intel will spend $25 billion to build a new factory in Israel, which will start production in 2027 and operate until at least 2035
Intel will spend $25 billion to build a new factory in Israel, which will start production in 2027 and operate until at least 2035. Israel's Finance Ministry said Intel will pay a 7.5 percent tax rate under the agreement, up from the current 5 percent.
3. China Energy Engineering Group and Saudi Al Jumeirah Holding Group signed a strategic cooperation memorandum to jointly promote investment and construction cooperation in the fields of energy, water and infrastructure in Saudi Arabia, the Middle East and the world
China Energy Engineering Group and Saudi Al Jumeirah Holding Group signed a strategic cooperation memorandum to jointly promote investment and construction cooperation in the fields of energy, water and infrastructure in Saudi Arabia, the Middle East and the world
4. US Entrepreneur Elon Musk Calls for Regulation of Artificial Intelligence
Elon Musk said that while AI, which he called "the most disruptive technology ever created," could have positive results, there are "definitely risks to the public" and indicated the technology should be regulated.
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