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Real-time News
On June 11, the Ministry of Commerce held a regular press conference. Ministry of Commerce spokesperson He Yadong stated that since the beginning of this year, the Ministry of Commerce has earnestly implemented the decisions and plans of the CPC Central Committee and the State Council, and, together with relevant departments, has introduced a series of policies, including promoting the export of travel services, standardizing service trade, and accelerating the construction of national service trade innovation and development demonstration zones and national digital trade demonstration zones. At the same time, we have continued to implement the "Thousands of Sails Going Global" action plan for foreign cultural trade, helping cultural enterprises to explore international markets. Going forward, we will continue to ensure the effective implementation of relevant policies and accelerate the cultivation of new drivers for service trade.June 11th - Daniela Hathorn, Senior Market Analyst at Capital.com, stated that the market widely expects the European Central Bank (ECB) to raise interest rates at its meeting tonight. The importance of this meeting lies not only in the interest rate decision itself, but also in ECB President Lagardes articulation of future policy direction. The market will closely watch how the ECB defines the June rate adjustment – whether it will be seen as a one-off adjustment or the start of a broader tightening cycle. If the ECB does not rule out further rate hikes, the euro may find support, especially given the markets perception of a more cautious approach from the Federal Reserve. A hawkish stance from the ECB would improve the interest rate differential between the euro and currencies of central banks more cautious in tightening. However, if investors believe that tightening will exacerbate Europes already fragile economic growth prospects, the euros upside potential may be limited.June 11th - TD Securities analysts stated that the European Central Bank (ECB) appears poised to raise interest rates by 25 basis points to 2.25% due to accelerating inflation and the potential for energy-related pressures to spill over into core and service prices. The market seems to view the June rate hike as not a one-off move, but rather the beginning of a limited tightening policy, with a roughly 65% probability of another rate hike in September and the possibility of action by December already fully priced in. Given the widespread inflation concerns, we believe this view is reasonable: rising energy costs are pushing up overall inflation, and these pressures could ripple through service prices, wages, and expectations. Therefore, if upcoming data confirms that underlying inflation is not easing quickly enough, the likelihood of another rate hike in September is high.On June 11, Foreign Ministry Spokesperson Lin Jian held a regular press conference. A CCTV reporter asked, "China has just announced that Foreign Minister Wang Yi will visit Mongolia. Could you please provide further details about this visit?" Lin Jian stated that during the visit, Foreign Minister Wang Yi will meet with Mongolian leaders and hold talks with Foreign Minister Battsetseg. The two sides will communicate on bilateral relations, practical cooperation, and international and regional issues of common concern. China and Mongolia are friendly neighbors connected by mountains and rivers. Under the strategic guidance of the two heads of state, China-Mongolia relations have maintained a good momentum of development. China looks forward to further implementing the important consensus reached by the leaders of the two countries through this visit and promoting the stable development of the China-Mongolia comprehensive strategic partnership.On June 11, the Ministry of Commerce held a regular press conference. A reporter asked about the recent 34th China-New Zealand Joint Economic and Trade Committee meeting in Beijing, requesting the Ministry of Commerce to provide details and further information on deepening bilateral economic and trade relations. In response, Ministry of Commerce spokesperson He Yadong stated that the 34th China-New Zealand Joint Economic and Trade Committee meeting was held in Beijing on June 5. Both sides exchanged in-depth views on deepening bilateral economic and trade relations and strengthening cooperation in regional and multilateral fields. Both sides agreed to jointly advance negotiations on the negative list for trade in services under the China-New Zealand Free Trade Agreement, strengthen communication and cooperation within regional and multilateral frameworks such as APEC and the WTO, and continue to support a rules-based multilateral trading system. He Yadong stated that the Ministry of Commerce will continue to work with the New Zealand Ministry of Foreign Affairs and Trade to make good use of the Joint Committee mechanism to further promote bilateral economic and trade cooperation, advance regional and multilateral agendas, and make greater contributions to building a comprehensive strategic partnership between China and New Zealand.
