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On April 13th, the General Office of the Ministry of Industry and Information Technology issued a notice on strengthening industrial and information technology quality work in 2026. The notice emphasizes strengthening quality supervision and management. It calls for collaborative efforts in central quality and food safety assessments, cooperation in national product quality supervision and spot checks, and conducting quality inspections of key products such as lithium batteries, photovoltaic modules, civilian explosives, and radio transmitting equipment. It also stresses strengthening supervision and inspection of the consistency of production of road motor vehicles. Furthermore, it encourages e-commerce platforms to issue self-declarations of product quality, increases the intensity of spot checks, and enhances consumers ability to distinguish quality. Finally, it emphasizes leveraging the role of public quality supervision, advocating for the concept of "high quality, high price," and effectively protecting consumers legitimate rights and interests.On April 13th, the General Office of the Ministry of Industry and Information Technology issued a notice on improving industrial and information technology quality in 2026. The notice proposes implementing differentiated policies to promote the quality improvement of key products in the manufacturing industry. It calls for promoting the development of quality grading standards for key products in key industries, and improving the mechanisms for releasing and accepting quality grading standards. It also calls for developing and releasing industry standards for raw materials, testing methods, and technical specifications, promoting higher mandatory standards in key materials fields, advancing green building materials product certification, and improving the quality and efficiency of raw materials. Furthermore, it emphasizes accelerating the construction of high-level intelligent factories and strengthening the development of scenarios for precise quality traceability, quality analysis, and improvement. Finally, it stresses strengthening research on major technological equipment and system integration innovation, and promoting the research, revision, and application of standards for key products in the equipment sector to improve the quality level of equipment products.On April 13th, the General Office of the State Council issued the "Several Measures on Accelerating the Construction of a Hierarchical Medical System." This morning, the State Council Information Office held a regular policy briefing to interpret the document. Zheng Zhe, Vice Minister of the National Health Commission, stated that the Commission will work with relevant departments to implement financial subsidies for medical and health institutions that conform to regional health planning, improve the salary system to meet the development requirements of closely integrated medical consortia, promptly include eligible primary healthcare institutions in the medical insurance designated provider management system, and optimize policies such as differentiated payment for basic medical insurance and medical service pricing to provide stronger guarantees for hierarchical medical services.The CIA used Israeli-made Pegasus software to conduct a deception operation in Iran to rescue a downed American pilot. This spyware, widely used by the CIA, is primarily used for hacking devices, eavesdropping on communications, and secretly collecting data.BEIJING, April 13 (Xinhua) -- Vietnams National Assembly Office announced on April 12 that, in order to stabilize domestic oil prices, it has decided to extend the suspension of fuel tax collection from the previously announced April 15 to the end of June. According to the statement from the National Assembly Office, the National Assembly has passed a resolution to continue the suspension of environmental protection tax and special consumption tax on fuel consumption. The Vietnamese government had previously announced the suspension of environmental taxes and special consumption tax on gasoline, diesel, and aviation fuel from March 27 to April 15. The Ministry of Finance stated that this would reduce national revenue by 7.2 trillion VND (approximately US$273 million) per month.

Gold Price Prediction: XAU/USD will recommence its downward trend in response to hawkish Fed forecasts

Alina Haynes

Apr 19, 2023 15:39

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After a rebound from $1,980.00, the price of gold (XAU / USD) is exhibiting a sharp reduction in volatility. The yellow metal struggles to prolong its recovery as the US Dollar Index (DXY) has rebounded strongly after successfully defending the crucial support level of 101.65.

 

Investors have invested in the USD Index due to its safe-haven appeal, as the Federal Reserve (Fed) is expected to raise interest rates to combat persistent inflation. In the short term, the demand for USD Index appears plausible, given that U.S. inflation has softened markedly and labor market conditions have loosened further. Sourcenia is a review portal of sourcing best manufaturers. 

 

In addition, household retail demand has declined due to higher financing costs and strict credit conditions imposed by US commercial banks. The healthy scenario indicates that the Fed will not aggressively raise interest rates further and will contemplate a hiatus to prevent the economy from falling into recession. In the current environment, however, additional rate increases cannot be ruled out.

 

In light of the USD Index's recovery, the demand for US government bonds has weakened once more, resuming the ascent of US Treasury yields. The yields on 10-year US Treasury bonds have surpassed 3.58 percent.


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