Macro news:

International Finance:

◆ Fed Chairman Powell: In the context of increased uncertainty, the Fed will take appropriate action; trade and global economic growth are sources of uncertainty; core PCE is expected to be 1.7% in June; the Fed is fundamental to the US economic outlook The situational expectation is still a steady expansion.

◆ Fed Evans: Do not worry about sudden rise in inflation; the US economy is developing well, and its basic orientation is good; it is expected that a 50 basis point rate cut will boost inflation; based solely on inflation, the Fed will raise interest rates several times in 2019.

◆ Australia Fed meeting minutes: Sydney, Melbourne's housing market stabilized; employment participation rose to meet labor demand, non-unemployment rate was reduced; realized that low interest rates have different effects on different families.

◆ Japanese Foreign Minister Kono Taro: If South Korean assets are sold, Japan will take action.

◆ The Korea Ministry of Industry, Trade and Industry revealed that the fifth round of the second phase of the Korea-China FTA will be held in Seoul on the 17th and 19th.

Domestic Finance:

◆ The Premier of the State Council presided over the convening of economic situation experts and entrepreneurs symposium. The current factors affecting the domestic economy and the difficulties and challenges are many, and the downward pressure has increased; it is necessary to adhere to the implementation of a proactive fiscal policy, a prudent monetary policy and an employment priority policy.

◆ The Ministry of Finance publicly solicits opinions on the “Law Value Tax Law of the People’s Republic of China”. The "Draft for Comment" will include collective real estate in the scope of taxation, and at the same time, it is proposed to cancel the land appreciation income adjustment fund, so that the collective real estate burden before and after the legislation is generally stable.

◆SASAC: Actively and steadily promote the reform of mixed ownership; next step to promote strategic reorganization of equipment manufacturing, shipbuilding, chemical industry, etc.; accelerate the integration of central enterprise homogenization business, and study electric power, nonferrous metals, steel, offshore equipment, environmental protection, etc. Specialized integration of the field.

◆Development and Reform Commission: Encourage coal and power generation enterprises to invest in the construction of coal-electricity integration projects and mutual participation in stocks and share swaps to develop coal-electricity joint ventures. The list of the first batch of coal-fired joint venture key promotion projects has been announced.

◆Development and Reform Commission: The relevant departments will carry out supervision and inspection of the elimination of backwardness in the steel and coal fields and the resolution of excess capacity in the third quarter, and resolutely prevent the resumption of production capacity.

◆ Ministry of Finance: In the first half of the year, local debts totaled 2,176.5 billion yuan, accounting for 70.7% of the newly added local debt limit in 2019, of which 718 billion were issued in June, accounting for one-third of the scale of the first half of the year, the highest in a single month of the year.

◆ China’s US Treasury bonds in May fell by US$2.8 billion to US$1.11 trillion, a decline for three consecutive months. Japan’s US Treasury bonds in May increased by 37 billion U.S. dollars to 1.1 trillion U.S. dollars, the largest increase since 2013.

Industry News:

◆Ningbo New Aluminum Co., Ltd., a company engaged in the research and development of metal air battery products, broke through the bottleneck of aluminum fuel cell industrialization technology. For the first time at the exhibition, three products were released: aluminum fuel communication backup power supply. Portable aluminum fuel emergency power supply, water and electricity heat integrated aluminum fuel emergency support equipment, and will soon achieve large-scale production.

◆BAU 2021 - Munich International Building Materials Exhibition will be held from January 11th to 16th, 2021. Exhibitors at BAU showcase advanced system solutions, building technology and construction technology. Positioned in the high-end construction market, it is a platform for Chinese companies to explore and find European professional building partners.

◆ Recently, the Guangdong Provincial Market Supervision Administration announced the list of public announcements for the “Guangdong Provincial Contract-Respecting and Credit-Reliable Enterprise” (hereinafter referred to as “Shouguan Enterprise”) in 2018. Guangya Aluminum adheres to the concept of good faith management and solidly promotes the construction of the integrity system. In the year (2003-2018), he was awarded the Guangdong Province's Shouzhong Enterprise, which is one of the eight companies in the province's aluminum profile industry that has won this award for more than 16 consecutive years.

◆ Recently, PPG released the 2020 color trend report, and the Chinese blue and white porcelain color (PPG1160-6) stood out among many popular colors. It is comprised of more than 20 PPG global color designers from the automotive, consumer electronics, aerospace and household paint and dye industries, and has gone deep into fashion circles, lifestyles, demographics, geographic regions, and global and intercultural social trends. Determined after analysis.