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January 21 – The State Council Taiwan Affairs Office held a regular press conference on January 21. A reporter asked: Some foreign media reported that China pressured European countries to ban Taiwanese politicians from entering the country, and Taiwans foreign affairs department attacked and slandered this. What is the spokespersons comment on this? Spokesperson Peng Qingen stated that we firmly oppose any form of official exchanges between countries that have diplomatic relations with China and Taiwan. The one-China principle is a basic norm of international relations and a universal consensus of the international community. The DPP authorities petty actions cannot shake the international communitys one-China framework.January 21st - According to Zhejiang Statistics Bureau, based on the unified accounting results for regional GDP, Zhejiangs GDP reached 9,454.5 billion yuan in 2025, a 5.5% increase year-on-year at constant prices, higher than the national average (5.0%). By industry, the added value of the primary industry was 265.7 billion yuan, a 3.9% increase; the added value of the secondary industry was 3,568.2 billion yuan, a 5.1% increase; and the added value of the tertiary industry was 5,620.6 billion yuan, a 5.8% increase.On January 21, Zhang Yunming, Vice Minister of the Ministry of Industry and Information Technology, stated that in terms of future industries, the Ministry will continue to carry out the "challenge-based" innovation task initiative, organize and implement a number of forward-looking and strategic major science and technology projects, support local governments in building a number of future industries according to local conditions, increase government investment funds, and create a favorable environment for the competitive development of future industries nationwide.On January 21st, Ping An Securities issued a research report stating that Laopu Gold (06181.HK) is continuously expanding its market momentum and actively broadening its market scope and reach. The report projects Laopu Golds total revenue for 2025, 2026, and 2027 to be RMB 26.2 billion, RMB 35.37 billion, and RMB 43.5 billion, respectively, representing year-on-year growth of 208%, 35%, and 23%. Net profit attributable to shareholders is projected to be RMB 3.82 billion, RMB 5.09 billion, and RMB 6.28 billion, respectively, representing year-on-year growth of 159.1%, 33.3%, and 23.3%. The report notes that Laopu Gold is currently experiencing rapid growth in the domestic market, and coupled with its exploration and expansion into overseas markets, the companys revenue and profit are on the rise. Ping An Securities is optimistic about the companys growing brand influence and has initiated coverage with a "Buy" rating.On January 21, the State Council Information Office held a press conference to introduce the achievements in industrial and information technology development by 2025. The conference highlighted a surge of innovative achievements with high "new content." Good ideas from laboratories are being continuously transformed into good products on production lines. Technologies such as perovskite materials, permanent magnet materials, and power batteries are at internationally advanced levels. Technologies such as new networks, high-speed communication, advanced computing, emerging software, and blockchain are rapidly iterating. Prototypes of atomic clocks and magnetometers based on new quantum technologies have been successfully developed. Superconducting quantum computers and optical quantum computers have achieved quantum supremacy, possessing the computing power to surpass any classical computer in solving specific problems. Brain-computer interface technology is rapidly expanding from the medical field to education, industry, and other fields.

WTI Price Analysis: Testing the $80 level versus the broad USD

Daniel Rogers

Apr 11, 2023 14:20

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On Monday, crude oil prices are lower as a risk-averse sentiment underpins the U.S. dollar. The price of the black gold is a few cents above its intraday low of $79.71 per barrel and is approaching the range's bottom.

 

Early in April, the Organization of the Oil Exporting Countries and Allies (OPEC+) astonished market participants by announcing a 1.16 million-barrel-per-day reduction in their oil output, which pushed West Texas Intermediate (WTI) approximately 5.5% higher on April 3 and left a $4 void. Since the announcement, WTI has been consolidating between $79 and $81.80, unable to find fresh directionality.

 

Higher energy prices have contributed to inflation's meteoric rise, and OPEC+'s decision came as a complete surprise, reigniting concerns not only about price pressure but also about economic growth.