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Real-time News
On March 5th, Shen Danyang, head of the drafting group for the Government Work Report and director of the State Council Research Office, stated at a press briefing held by the State Council Information Office that this years Government Work Report proposed "promoting reinvestment of foreign capital in China and expanding localized production," reflecting the Chinese governments continued commitment to high-level opening-up and its firm determination and confidence in welcoming multinational corporations to invest and develop in China long-term. my country has always been a highly attractive investment destination for global capital. Shen Danyang noted that recent surveys of multinational corporations by some foreign institutions show that over 90% of respondents will continue to invest in China, and nearly 70% of senior executives are confident about their development in China over the next 3-5 years. Shen Danyang stated that, based on the current situation, foreign investment in China presents four new opportunities: a massive market, a thriving service industry, an innovative ecosystem, and a high level of openness.On March 5th, the State Council Information Office held a briefing. Shen Danyang, head of the drafting group for the Government Work Report and director of the State Council Research Office, stated that this year, support for offline brick-and-mortar retail will be further increased, focusing on subsidies and concentrating on supporting the trade-in of key consumer goods with broad coverage and strong multiplier effects, such as automobiles, refrigerators, washing machines, and televisions. New products will also be added, such as smart glasses, so that more people can receive subsidies and upgrade to these products. The positive momentum of consumer spending growth this year was already evident in the first two months, especially during the recent Spring Festival holiday, when the national consumer market was very active.Qatar Airways: Due to airspace closures, Qatar Airways flights departing from Doha remain suspended.On March 5th, Merck announced that due to declining global demand for HPV vaccines, it has decided to optimize its production capacity. The HPV vaccine production line at its Durham, North Carolina facility will be shut down, affecting approximately 150 employees. Merck stated that it continuously assesses operational conditions and business changes, making adjustments as necessary to ensure a stable and compliant supply of drugs and vaccines through its manufacturing network. Furthermore, Merck maintains a stable supply of its HPV vaccines in the Chinese market.On March 5th, former US Secretary of State Antony Blinken stated that achieving genuine change in Iran requires a sustained concentration of US military power in the Middle East, which could deplete US weapons reserves and make the US vulnerable to attacks from other adversaries. Blinken said, "Our arsenal is exhausted, and rebuilding it will take a long time, putting us at a disadvantage against countries like Russia." He added, "They (Iran) want to inflict so much pain on us that we cannot sustain the war." Ultimately, however, the USs ability to continue will depend on "markets and arms supplies." Blinken warned that if the American people do not support sustained military action, including the potential deployment of US ground troops to ensure positive change in the Tehran government, "most of [Irans] strength can eventually be rebuilt." "Theoretically, the president could declare victory tomorrow, claiming the regime has been severely damaged—missiles, nuclear program, navy—and that would be the end of it. But what would be the point?"
