EUR/USD
1.17181
0.305%
Gold
4716.92
0.481%
Oil
93.244
-2.505%
USD/JPY
159.415
-0.194%
GBP/USD
1.35321
0.490%
GBP/JPY
215.732
0.299%
Real-time News
April 25th - Question: On April 22nd, the U.S. House Foreign Affairs Committee passed the Multilateral Cooperation on Hardware Technology Controls Act (MATCH Act) and several other export control bills. What is Chinas comment on this? A spokesperson for the Ministry of Commerce stated: China has noted the relevant situation. China consistently opposes any overgeneralization of national security or abuse of export controls. If the relevant bills are ultimately enacted, they will seriously disrupt the international economic and trade order and severely impact the stability of the global semiconductor industry chain and supply chain. China will closely monitor the relevant legislative process, carefully assess its impact on Chinas interests, and resolutely take necessary measures to firmly safeguard the legitimate rights and interests of Chinese enterprises.On April 25th, Standard & Poors (S&P) announced on the 24th that it had downgraded Belgiums credit rating from "AA" to "AA-", with a "stable" outlook. S&P stated that the main reason for the downgrade was "Belgiums long-term imbalance in public finances." In a statement, S&P said that Belgiums budget deficit is expected to widen significantly by 2025, and its fiscal consolidation plan for 2026-2029 is progressing slowly, facing serious fiscal challenges. S&P projects that Belgiums net government debt as a percentage of GDP will rise from 103% in 2025 to 109% in 2029, with a substantial increase in interest payments. S&P also stated that Belgiums reliance on fossil fuels, coupled with already tight energy supplies, makes it vulnerable to the impact of soaring international oil prices caused by the current Middle East conflict, introducing new uncertainties into public finances.On April 25th, sources within the automotive industry revealed that regulatory authorities have clarified the code of conduct for exhibitors at the 2026 Beijing Auto Show, outlining ten prohibited behaviors to guide the automotive industry back to a healthy competitive track focused on technological innovation and high-quality development. The "negative behavior list" explicitly prohibits exaggerated and false advertising, disparaging other companies products, pricing products outside a reasonable range, manipulating online trolls and fan groups to incite conflict, and hyping up events such as "leaders visiting the booth."April 25th - In the first quarter of this year, the Export-Import Bank of China issued over 300 billion yuan in new loans to the foreign trade sector, with 40% directed towards stabilizing foreign trade entities and the foreign trade industrial chain, and 35% directed towards direct import and export trade. The bank prioritized support for the export of products such as artificial intelligence and green electricity equipment, and facilitated the professional and large-scale development of new foreign trade formats and models such as cross-border e-commerce and overseas warehouses.On April 25, according to Irans Fars News Agency, a spokesperson for the Iranian Ministry of Defense stated that thanks to a "completely independent, knowledge-based, and uniquely Iranian" approach, Iran has produced over 1,000 types of weaponry, including missiles and drones. The spokesperson indicated that this production capacity is the result of over 25 years of investment and procurement in Irans defense industry. Even if some production centers are damaged, the nationwide "tangible and intangible" weapons production and supply chain can continue to operate. The spokesperson also stated that approximately 9,000 Iranian companies currently cooperate with the armed forces and the Ministry of Defense.
