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Real-time News
On January 29, the American Chamber of Commerce in China held its annual appreciation dinner in Beijing. Wang Yong, Vice Chairman of the National Committee of the Chinese Peoples Political Consultative Conference (CPPCC), attended and delivered a speech. Wang Yong stated that in 2025, under the strategic guidance of the two heads of state, China and the United States will engage in constructive dialogue and interaction, injecting stability into Sino-US relations. The Fourth Plenary Session of the 20th CPC Central Committee has outlined a grand blueprint for Chinas economic and social development over the next five years. China will unswervingly deepen reform, expand opening-up, and promote innovation, continuously releasing development vitality through high-quality development and providing a broad platform for enterprises from all countries, including the United States. He expressed hope that the business communities of both countries will join hands to build consensus on stable development, deepen multilateral and bilateral pragmatic cooperation, and jointly promote the steady and long-term development of Sino-US economic and trade relations.January 29th - In 2026, the National Bureau of Statistics (NBS) will accelerate statistical reform and innovation, improve the statistical system conducive to the construction of a unified market, and continue to promote local statistics on total retail sales of consumer goods and construction output. The NBS will further strengthen statistical monitoring, focusing on building a strong domestic market, enhancing the driving force and vitality of high-quality development, promoting urban-rural integration and regional cooperation, and continuously improving peoples well-being. This year, the NBS will also complete the compilation of macroeconomic balance sheets, improve the statistical monitoring system for the service industry, refine carbon emission statistical accounting, conduct the fourth national agricultural census, and initiate the revision of the national economic accounting system.On January 29th, traders are using options to bet that European Central Bank (ECB) policymakers will unexpectedly implement a 25-basis-point interest rate cut sometime this year, a move that could yield up to 12 times the initial investment. Several large bets have already been executed this week using options strategies linked to the three-month Eurozone interbank lending rate (Euribor). If the ECB ultimately cuts rates, these positions could potentially generate a total profit of €32 million (approximately $38.3 million), 12 times the initial investment. This contrarian move is noteworthy because the market had previously widely expected the ECB to keep interest rates stable this year. Although the central bank is expected to hold rates steady at next weeks meeting, policymakers are now having to consider the surge in the euros exchange rate, which has sparked discussions about the possibility of further easing.Kremlin: Zelensky has not responded to Russia’s repeated invitations to negotiate.On January 29th, Intang Intelligent Control announced that it expects its net profit for 2025 to be between RMB 23 million and RMB 28 million, a year-on-year decrease of 53.55%-61.84%. With the development of emerging technologies such as 5G, AI, and cloud computing, the demand for memory chips continues to rise, resulting in a significant increase in the companys memory business compared to the same period last year, with overall operating revenue increasing by approximately 4.5% year-on-year. However, due to industry competition, the gross profit margin of electronic component distribution products is under pressure, and the companys gross profit margin has decreased by approximately 0.7 percentage points year-on-year. Meanwhile, during the reporting period, the company increased its R&D investment in chip design and manufacturing, with overall R&D expenses increasing by approximately 65% year-on-year, leading to a decrease in net profit attributable to shareholders of the listed company compared to the same period last year.
