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Honda plans to collaborate with Mythic, a Texas-based technology company, to develop a system-on-a-chip for its software-defined vehicle (SDV).February 4th - At 10:00 AM today (February 4th), the State Council Information Office held a press conference to introduce the relevant situation regarding anchoring agricultural and rural modernization and solidly promoting the comprehensive revitalization of rural areas, and answered questions from reporters. The conference introduced that the Central Document No. 1 clearly outlines the major tasks and key work in the "agriculture, rural areas, and farmers" sector this year. The main content can be summarized as "four key tasks and two supporting guarantees." The "four key tasks" are: improving the comprehensive agricultural production capacity and quality efficiency; implementing regular and precise assistance; actively promoting stable income growth for farmers; and promoting the construction of livable, workable, and beautiful villages according to local conditions. The "two supporting guarantees" are: strengthening institutional and mechanism innovation and strengthening the Partys comprehensive leadership over "agriculture, rural areas, and farmers" work.February 4th - At 10:00 AM today (February 4th), the State Council Information Office held a press conference to introduce the relevant situation regarding anchoring agricultural and rural modernization and solidly promoting the comprehensive revitalization of rural areas, and answered questions from reporters. The conference stated that in the past year, farmers living standards have significantly improved. Farmers incomes have continued to grow, with the per capita disposable income of farmers reaching 24,456 yuan in 2025, a real increase of 6% over the previous year. The income gap between urban and rural residents has narrowed from 2.56:1 in 2020 to 2.31:1, and farmers living conditions, including clothing, food, housing, and transportation, have continuously improved.According to Axios, nuclear talks between the United States and Iran are expected to begin in Oman on Friday. The Trump administration has agreed to Irans request to move the talks from Türkiye.February 4th - In 2025, courts across China vigorously promoted the clearing of overdue payments owed by government agencies and public institutions to small and medium-sized enterprises (SMEs), concluding 9,166 cases and recovering 31.142 billion yuan. Courts strictly implemented the judicial interpretation on "back-to-back" clauses (the "Reply on the Validity of Clauses Between Large Enterprises and SMEs Where Payment is Predicated on Third-Party Payment") to prevent large enterprises from abusing their dominant position to "bully" smaller enterprises. Courts nationwide directly applied this judicial interpretation to conclude 709 cases, helping SMEs recover 1.9 billion yuan in overdue payments.

Asian Shares Close Mostly Lower Amid Rising Uncertainties in China

Alice Wang

Oct 19, 2022 16:25

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Contrary to the overnight pattern established by Wall Street, the main stock markets in Asia-Pacific are trading primarily down on Wednesday. A strong dollar and a minor increase in U.S. Treasury rates are weighing on the markets, even if corporate profits in the United States allayed some growth concerns. Investors are nonetheless concerned about the possibility of a worldwide recession.


Anxious Chinese investors in the midst of the upcoming Party Congress and higher-than-expected UK inflation numbers are two more factors driving the selling pressure.


The Nikkei 225 Index of Japan finished the day at 27257.38, up 101.24 or +0.37%. South Korea's KOSPI Index concluded at 2237.44, down 12.51 or -0.56%, while Hong Kong's Hang Seng Index is now trading at 16588.25, down 326.33 or -1.93%.


The benchmark Shanghai Index is now trading at 2237.4, down 12.51 or -0.56%, while the S&P/ASX 200 Index in Australia closed at 6800.10, up 20.90 or +0.31%.

China, Hong Kong Shares Decline Due to Concern Ahead of Party Congress

Even though a number of state-backed and significant asset managers announced moves to calm the market, China equities dipped on Wednesday as investors remained cautious amid concerns surrounding the Communist Party conference, according to Reuters.


In an effort to restore trust in China's stock market, at least 21 major onshore asset managers, including E Fund Management Co., Invesco Great Wall Fund Management, and Bank of Communications Schroder Fund Management, indicated this week they were spending their own money to acquire assets.

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