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On January 26, it was learned from a press conference held by the National Health Commission that in recent years, my country has actively promoted the use of traditional Chinese medicine (TCM) to improve the overall health of the population, carried out TCM health promotion actions, and provided TCM health services to key groups such as adolescents, women, and the elderly. Data from the press conference showed that my country has strengthened the construction of pediatric departments in TCM hospitals, achieving full coverage of pediatric departments in all tertiary public TCM hospitals nationwide, and conducting pilot projects for TCM intervention in myopia, obesity, and scoliosis in children and adolescents; promoted the establishment of prenatal and postnatal care clinics in secondary and above TCM hospitals; strengthened the construction of geriatric departments in TCM hospitals, and piloted 128 TCM health centers for the elderly in various provinces to improve the level of TCM health services for the elderly in different regions.On January 26, Wang Ya, head of the Department of Foreign Investment Administration of the Ministry of Commerce, stated at a press conference held by the State Council Information Office that in 2026, the regional layout of free trade zones will be steadily optimized and adjusted to provide broader space and richer platforms for pilot projects. The Ministry will further align with high-standard international trade and economic rules, conduct broader, deeper, and more robust institutional opening-up experiments, support free trade zones in carrying out integrated innovation across the entire industrial chain in key emerging industries, accelerate the comprehensive pilot demonstration work for expanding the opening-up of the service sector, implement the high-quality development work plan for national-level economic and technological development zones, and continuously release the dividends of institutional innovation.On January 26, Yang Mu, Director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, stated at a press conference held by the State Council Information Office that in 2026, efforts will be accelerated to cultivate and build international consumption center cities, promote the construction of an international consumption environment and pilot projects for new consumption formats, models, and scenarios, and create a number of new consumption scenarios with broad impact and high visibility, so that domestic and foreign consumers can enjoy a better life.On January 26, Wang Zhihua, Director-General of the Department of Foreign Trade of the Ministry of Commerce, stated at a press conference held by the State Council Information Office that China will unswervingly promote high-level opening-up this year and drive innovative and balanced development of trade. China is not only willing to be the worlds factory, but also the worlds market; its massive market will provide broader opportunities for products and services from all countries.According to RIA Novosti, the Kremlin positively assessed that constructive dialogue on the Ukraine issue has begun.

Ahead of preliminary US S&P PMI data, the XAU/USD remains sideways below $2,000, according to our Gold Price Forecast

Alina Haynes

Apr 20, 2023 13:49

 截屏2022-08-04 下午5.25.46_1024x576.png

 

In the early European session, the Gold price (XAU / USD) is exhibiting erratic movements near $1,994.00. The precious metal is in a state of indecision as investors await the release of preliminary S&P PMI data for the United States on Friday.

 

After violent swings influenced by the Federal Reserve's (Fed) Beige Book, the US Dollar Index (DXY) is showing signs of volatility contraction below 102.00. The declining trend of advances to consumer and business loans by U.S. commercial banks has intensified concerns of a recession in the U.S. economy, despite the fact that economic activity in 12 Fed districts remained virtually unchanged. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.

 

In the meantime, S&P futures have recorded sizeable losses during the Asian session, as investors are wary of firms' comments regarding revenue guidance. The market anticipates that constrained credit conditions will impact the working capital management of cash-reliant companies, thereby affecting their output.

 

The market expects preliminary US S&P PMI data to reveal a Manufacturing PMI reading of 49.0, a decrease from the previous reading of 49.9. The Services PMI is anticipated to decrease to 51.5 from 52.6 previously reported.


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