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On March 22, Finance Minister Lan Foan stated at the China Development Forum 2026 that fiscal policy will place greater emphasis on investing in people. During the 14th Five-Year Plan period, fiscal spending on peoples livelihoods will approach 100 trillion yuan, accounting for over 70% of total fiscal expenditure, promoting the construction of the worlds largest education system, social security system, and healthcare system. In the next five years, we will adhere to the principle of doing our best within our capabilities, continuing to increase efforts to guarantee and improve peoples livelihoods, reasonably increasing the proportion of public service expenditures in fiscal expenditures, and increasing the proportion of government investment in livelihood-related areas.Japanese Foreign Minister Toshimitsu Motegi: If a ceasefire agreement is reached, Japan may consider participating in mine-clearing operations in the Strait of Hormuz.On March 22nd, Suzhou officially launched its 2026 new car purchase subsidy policy. From March 21st to June 30th, individual consumers who purchase new passenger vehicles (excluding commercial vehicles and vehicles with official license plates) from participating car dealerships in Suzhou will receive subsidies according to relevant standards. For vehicles priced between 50,000 RMB (inclusive) and 100,000 RMB (exclusive), a subsidy of 1,000 RMB will be provided for gasoline vehicles and 2,000 RMB for new energy vehicles; for vehicles priced between 100,000 RMB (inclusive) and 200,000 RMB (exclusive), a subsidy of 3,000 RMB will be provided for gasoline vehicles and 4,000 RMB for new energy vehicles; for vehicles priced between 200,000 RMB (inclusive) and 400,000 RMB (exclusive), a subsidy of 5,000 RMB will be provided for gasoline vehicles and 6,000 RMB for new energy vehicles; and for vehicles priced at 400,000 RMB (inclusive) and above, a subsidy of 6,000 RMB will be provided for gasoline vehicles and 7,000 RMB for new energy vehicles. The subsidy application platform is available on the "Su Zhoudao" APP (expected to launch in late April).On March 22, Han Wenxiu, Deputy Director of the Office of the Central Financial and Economic Affairs Commission and Director of the Office of the Central Rural Work Leading Group, stated at the China Development Forum 2026 that, facing structural changes such as population decline, aging, and low birth rates, the 15th Five-Year Plan outlines, for the first time, a separate section on high-quality population development. China emphasizes safeguarding and improving peoples livelihoods through high-quality development, and expanding the space for high-quality development by meeting peoples needs. In todays era of artificial intelligence, facing ubiquitous impacts and infiltration, a comprehensive approach is needed, adhering to the principle of "technology for good," promoting high-quality and full employment, optimizing income distribution structure, improving the social security system, promoting social fairness and justice, and continuously enhancing the peoples sense of gain, happiness, and security.March 22nd - WeChat launched an official crayfish plugin on March 22nd. Tencents Zhang Jun stated: "WeChat has updated its plugin to support crayfish integration. What WeChat strived for all along was to become a tool connecting people, devices, and services. This concept remains valid. This connection allows everyone to better manage their crayfish."

S&P 500 Price Forecast – Stock Market Rallies Heading Toward CPI

Steven Zhao

Jan 12, 2023 15:42


Technical Analysis of the S&P 500

Even though the critical CPI statistic is out on Thursday, the S&P 500 has surged pretty substantially in the early hours of Wednesday. To be very honest, it seems that many traders are actively attempting to "front run the Fed," which is nothing new. However, given where we are on the chart, it could be challenging to go through this threshold. Given that the 200-Day EMA is barely above, there will undoubtedly be some attention given to this scenario. A significant downtrend line and the 4000 level are both possible tangles after a break above the air.


Keep in mind that Wall Street, which is seeking for low-cost financing, seems to be depending on the notion that the Federal Reserve would provide some kind of relief. For the last 14 years or more, that has been the whole game: making quick, easy money. Because the Federal Reserve is to blame, they will inevitably have to adopt an extremely hostile and pessimistic tone. Although it seems that everyone is ready to disregard it for the time being, it is coming near to the inflation level, which will almost certainly startle the market once again.


Having said that, we have a good chance of reaching 4200 if we manage to break above the downtrend line. The Wall Street traders are really skilled at creating stories, so as soon as they receive the shot, there will be some other tale to listen to. That is an area where I would also anticipate seeing a lot of opposition.

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