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January 28th – At a press conference held today by the China Council for the Promotion of International Trade (CCPIT), it was announced that in 2025, the CCPIT system nationwide issued a total of 8.413 million certificates of origin and other types of certificates, representing a year-on-year increase of 18.94%. Statistics show that in 2025, the CCPIT system nationwide issued a total of 8.413 million certificates of origin and other types of certificates, a year-on-year increase of 18.94%. Among them, the number of non-preferential certificates of origin was 4.5008 million, a year-on-year increase of 5.75%; the number of preferential certificates of origin was 3.1882 million, a year-on-year increase of 41.81%. Wang Wenshuai, spokesperson for the CCPIT, stated that this reflects the effectiveness of various policies to stabilize foreign trade and promote growth, and the hard work and perseverance of foreign trade enterprises. my countrys foreign trade has maintained growth for nine consecutive years, reaching a record high and maintaining its position as the worlds largest goods trading nation.Apple (AAPL.O) CEO Tim Cook: I have spoken with Trump about the Minnesota incident.January 28th - It was learned from the National Tax Work Conference that, driven by factors such as economic growth, tax authorities collected 33.1 trillion yuan in taxes and fees in 2025, successfully achieving the budgeted target for tax and fee revenue. The implementation of major preferential policies supporting technological innovation and manufacturing development resulted in tax and fee reductions and refunds exceeding 2.8 trillion yuan. During the 14th Five-Year Plan period, tax authorities collected over 156 trillion yuan in taxes and fees, accounting for approximately 80% of total fiscal revenue; cumulative new tax and fee reductions and refunds exceeded 10 trillion yuan, providing strong support for the development and growth of business entities.On January 28, Belarusian President Alexander Lukashenko stated on the 27th that Belarus will deepen its high-level strategic relationship with China. According to a statement released on the Belarusian presidential website on the 27th, Lukashenko, while chairing a meeting on Belarus-China cooperation, said that against the backdrop of significant changes in the geopolitical landscape, China is a crucial supporting force for Belarus. He said, "China is not only our most important partner, but also a major partner for all countries committed to development." Lukashenko noted that China is Belaruss second-largest trading partner, and Belarusian exports to China have already exceeded exports to the European Union. He expressed his hope that relevant Belarusian departments will more actively explore the Chinese market and attract more investors from China.January 28th – The State Council Information Office held a press conference this morning to introduce the high-quality development of state-owned enterprises (SOEs) and answer questions from reporters. A relevant official from the State-owned Assets Supervision and Administration Commission (SASAC) stated that over 70% of the revenue of central SOEs comes from sectors related to national security, the lifeline of the national economy, and peoples livelihoods. Strategic and professional restructuring and integration have been carried out in an orderly manner, with four new central SOEs established since 2023, resulting in continuous optimization of resource allocation.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Retreat As Traders Focus On Recession Risks

Steven Zhao

Jan 19, 2023 17:42

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S&P 500 (SPX500)

S&P 500 found itself under pressure as traders reacted to the disappointing economic data.


Retail Sales declined by 1.1% month-over-month in December, compared to analyst consensus of -0.8%. Industrial Production declined by 0.7%, while Manufacturing Production decreased by 1.3%. Both reports missed analyst expectations.


The PPI report showed that Producer Prices declined by 0.5% in December. Treasury yields tested multi-month lows, as bond traders bet on a less hawkish Fed.


Lower Treasury yields did not provide any support to stocks as traders focused on recession risks. The pullback was broad, and all market segments moved lower. Consumer Defensive stocks were among the worst performers as Retail Sales data indicated that consumer activity was slowing down.

NASDAQ (NAS100)

NASDAQ  declined towards the 11,450 level amid a broad market sell-off. Leading tech stocks have found themselves under pressure, although Apple and Alphabet were almost flat in today’s trading session.


It should be noted that lower Treasury yields provided some support to the tech-heavy NASDAQ, which outperformed S&P 500 and Dow Jones.

Dow Jones (US30)

Dow Jones remained under strong pressure after yesterday’s sell-off. While Goldman Sachs made an attempt to rebound, other Dow Jones components were moving lower.


Honeywell, IBM, and Coca-Cola were among the biggest losers in the Dow Jones today. Currently, Dow Jones is trying to settle below the 33,500 level. In case this attempt is successful, Dow Jones will move towards the 50 EMA at 33,290.