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Real-time News
According to NBC News, the captain and first officer of a flight that collided with a truck at New Yorks LaGuardia Airport have died.March 23 - Japans core CPI is expected to fall below the Bank of Japans 2% target for the first time in nearly four years. Economists surveyed by data provider Quick predict that government data released on Tuesday will likely show that consumer prices, excluding fresh food, rose 1.7% year-on-year in February, compared to 2.0% in January. This slowdown will give the central bank more time to consider its next tightening measures, as uncertainty in the Middle East continues to impact the economic outlook.On March 23, Minister of Commerce Wang Wentao met with Bosch Group Chairman of the Board of Management, Hartung, on March 22. The two sides exchanged views on Sino-German and Sino-European economic and trade relations, as well as Bosch Groups development in China. Wang Wentao stated that he was pleased to see Bosch Groups emphasis on the Chinese market and its commitment to providing Chinese consumers with newer and smarter products and services. The 15th Five-Year Plan has been promulgated and implemented, representing a list of opportunities offered globally by Chinas high-quality development. The Chinese government supports enterprises in conducting fair and healthy competition, which will help promote innovative cooperation. He welcomed Bosch Groups active participation in Chinas consumer goods trade-in program and its efforts to develop and produce more high-quality products and technologies. Wang Wentao pointed out that China attaches great importance to Sino-European economic and trade relations and is willing to work with the EU to implement the important consensus reached by the leaders of both sides, jointly oppose protectionism and unilateralism, resolve economic and trade frictions through dialogue and consultation, properly address each others economic and trade concerns, and create a fair, open, and non-discriminatory policy environment for cooperation between enterprises of both sides.On March 23, Minister of Commerce Wang Wentao met with Volkswagen Group Chairman of the Board of Management, Robert Obermünster, on March 22. The two sides exchanged views on Volkswagens business development in China and Sino-German and Sino-European economic and trade relations. Wang Wentao stated that the current international economic and trade landscape is undergoing profound and complex changes, with increasing instability and uncertainty. Chinas formulation and implementation of the 15th Five-Year Plan outlines a clear commitment to promoting high-quality development with new productive forces, providing foreign-invested enterprises with stable expectations and broad development space in China. Over the past few decades, the Volkswagen Group has achieved great success in the Chinese market. He hoped that Volkswagen would seize the favorable opportunities presented by Chinas technological and industrial innovation to empower its expansion into the global market. Wang Wentao emphasized that current Sino-European economic and trade relations present both opportunities and challenges. Protectionism will lead to a lose-lose situation. Both sides should rationally view their competitive and cooperative relationship, conduct fair and orderly competition, and deepen mutually beneficial cooperation. He hoped that the European economic community, including Volkswagen, would play a positive role in encouraging the EU to work with China to properly handle economic and trade frictions through dialogue and consultation.At 3:30 p.m. local time, the South Korean won closed at 1,517.3 won per dollar in the onshore market, its weakest level since March 9, 2009.
