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Real-time News
On December 19th, the State Administration for Market Regulation issued the "Guidelines for Compliance of Pricing Behavior of Urban Water, Electricity, and Gas Supply Utilities," further regulating the pricing behavior of urban public utilities. The pricing behavior of these utilities directly affects the vital interests of the people and the order of fair market competition. Addressing issues that have drawn strong public criticism, such as failure to comply with government-set prices, passing on operating costs, and charging unreasonable fees, the "Guidelines" clarify the purpose, scope of application, and price definitions. It emphasizes that the pricing behavior of water, electricity, and gas supply utilities must comply with laws, regulations, rules, and relevant policies. The guidelines guide water, electricity, and gas supply utilities and their affiliated or entrusted engineering and installation companies to conduct pricing activities in accordance with laws and regulations, protecting the legitimate rights and interests of users and promoting the healthy and sustainable development of the water, electricity, and gas supply industries. This includes clarifying the operating principles of public utilities, strictly implementing price standards, standardizing pricing behavior for self-priced projects, establishing and improving internal systems, and strengthening risk management.On December 19th, Russian President Vladimir Putin stated that "European political elites siding with the Democratic Party" interfered in the 2024 US presidential election. At his annual press conference, Putin explained that direct European interference in the US election was "obvious, conspicuous, and open." He emphasized that the continental European elites support Kamala Harris, therefore the current state of relations between EU officials and US President Trump is "not surprising." Putin denied allegations of Russian interference in the 2016 US election, noting that "all congressional investigations have come to nothing." On the other hand, Europeans supported Harris "quite directly, even brazenly."Federal Reserves Williams: I think interest rates will eventually fall.Federal Reserves Williams: The Feds current asset purchases are not intended to influence long-term interest rates.Federal Reserves Williams: The Federal Reserve is buying bonds to meet its demand for bank reserves.
