On October 31st, the recently published "Suggestions of the Central Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development" published a signed article by Pan Gongsheng, Governor of the People's Bank of China, entitled "Building a Scientific and Steady Monetary Policy System and a Comprehensive Macroprudential Management System". Pan Gongsheng pointed out in the article that the market-oriented interest rate formation, regulat...
On February 23rd, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Further Deepening Rural Reform and Solidly Promoting the Comprehensive Revitalization of Rural Areas" proposed to strengthen the protection and quality improvement of cultivated land. Strictly control the total amount of cultivated land and "make up for it", and bring all kinds of cultivated land occupation into the unified management of the balance of occupation and compensation to ...
President Donald Trump is set to tighten his grip on independent federal agencies, according to the Financial Times, in his latest move to tighten his grip on government entities. The White House said in a statement that late on Tuesday, President Trump signed an executive order "binding independent agencies", ordering agencies to submit draft regulations for review. Trump will also set "performance standards" for agencies, which must discuss "priorities and...
On February 7, a report released by the Bureau of Labor Statistics on Friday showed that the number of non-farm payrolls increased by 143,000 last month, and the revised increase in December was 307,000. The Bureau of Labor Statistics said that wildfires in Los Angeles, as well as severe winter weather in other parts of the United States, had "no significant impact" on employment this month. Changes in the January employment data and the latest employment data in early 2023 show that the labor m...
JP Morgan: The US tariff policy has made us bearish on base metals in the short term and strengthened our bullish view on gold.
President Trump signed an executive order strengthening U.S. leadership in digital financial technology. These include: Protect and promote the ability of individual citizens and private sector entities to access and use open public blockchain networks for legitimate purposes without persecution, including the ability to develop and deploy software, to participate in...
Gold prices edged lower in early trading after the latest US jobs data reinforced the Federal Reserve's cautious stance on interest rate cuts this year, a scenario that boosted the dollar and sent gold futures down about 0.2 per cent. Ipek Ozkardeskaya, senior analyst at Swissquote, said in a note to clients: "Following the data release, the probability of the Fed not cutting rates in May surged to 67 per cent, while the probability of a rate cut in June was close to a 50/50 probability." Howeve...
US regulators plan to strengthen customer protections for cryptocurrency accounts. The US consumer banking regulator has suggested that US cryptocurrency companies should be responsible for refunds in the event of a customer account being hacked, bringing the standards for digital wallets into line with bank accounts.
1. Biden plans to strengthen the export control of AI chips before leaving office. 2. Huang Renxun: The performance growth rate of NVIDIA AI chips far exceeds the standard set by Moore's Law. 3. State-owned Assets Supervision and Administration Commission: It is necessary to vigorously develop artificial intelligence and accelerate the establishment of institutional mechanisms to adapt to the development of artificial intelligence. 4. Cyberspace Administration of China: A total of 302 generative...
On January 9, according to foreign media reports, the Biden administration in the United States plans to impose a new round of restrictions on the export of artificial intelligence chips from companies such as NVIDIA (NVDA. O) before leaving office. According to people familiar with the matter, the United States wants to limit the sale of artificial intelligence chips used in data centers at the national and company levels, with the aim of concentrating artificial intelligence development in fri...