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According to the Financial Times, US businesses are urging Trump to intervene in the EUs new consumer rules.On May 8, the Taiwan Affairs Office of the CPC Central Committee, the National Development and Reform Commission, and Fujian Province, together with relevant departments of 48 central and state organs, convened an inter-ministerial and provincial working conference in Beijing on the construction of a demonstration zone for cross-strait integrated development. The conference summarized the implementation of the "Opinions of the CPC Central Committee and the State Council on Supporting Fujian in Exploring a New Path for Cross-Strait Integrated Development and Building a Demonstration Zone for Cross-Strait Integrated Development," discussed key tasks for the next stage, and supported Fujian in taking greater strides in exploring a new path for cross-strait integrated development and building a high-quality demonstration zone for cross-strait integrated development.May 8th - According to the latest statistics from Flight Manager DAST, 30 China-Japan routes cancelled all flights in April, a decrease compared to March. However, the actual number of flights to Japan operated in April was 182 fewer than in March. A total of 1,543 flights from mainland China to Japan were cancelled in April, representing a cancellation rate of 37.7%.On May 8th, it was learned from industry sources that the Securities Association of China (SAC) recently officially launched a trial evaluation of securities companies performance in fulfilling the "five major tasks" of the financial sector in 2026. Previously, the SAC revised the "Special Evaluation Method for Securities Companies Performance in Fulfilling the Five Major Tasks of the Financial Sector (Trial Implementation)" and solicited opinions from the entire industry on the revised draft in March 2026. Judging from the official indicators issued for this trial evaluation, the SAC, while maintaining the overall framework of the evaluation system, has precisely implemented a combination of "addition" and "subtraction"—expanding the indicator dimensions to adapt to new market changes while eliminating redundant and repetitive items, resulting in a clearer and more distinct evaluation orientation. Compared to the previous draft for comments, the number of indicators in this trial evaluation has increased from 13 to 14, while the total evaluation score remains unchanged.On May 8, Hong Kong Chief Executive John Lee attended the 2026 Global Mediation Summit hosted by the International Court of Mediation. Lee pointed out that the national 15th Five-Year Plan explicitly supports the International Court of Mediation in playing a better role, which will consolidate Hong Kongs key role in peacefully resolving disputes through mediation. The Hong Kong SAR Government will continue to deepen its partnership with international mediation organizations, working together to promote Hong Kongs development into a global mediation center. The Hong Kong SAR Government sincerely invites governments, businesses, and investors from all countries to make full use of the mediation services provided by the International Court of Mediation in Hong Kong.

Parts Scarcity Forces Ford and GM to Shut Down Two Michigan Factories

Aria Thomas

Apr 01, 2022 09:55

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Ford, the United States' No. 2 manufacturer, announced it will halt production at its Flat Rock Assembly Plant, where the Mustang is built, next week due to a worldwide semiconductor shortage.


GM said that it will halt production at its Lansing Grand River assembly plant next week due to a temporary component shortage. The plant produces the Cadillac CT4, Cadillac CT5, and Chevrolet Camaro. GM said that the manufacturing pause was not connected to chips but did not give any details.


The automotive sector is now battling a worldwide chip scarcity caused by the COVID-19 epidemic, which has forced firms to reduce output, while high vehicle prices have largely offset the financial effect.


Ford warned last month that the chip shortfall would result in a reduction in current-quarter car sales. Ford paused production at its Kansas City assembly plant, which produces F-150 pickup trucks, for a week last month owing to a chip shortage.


Ford Motor Company, located in Dearborn, Michigan, said that manufacturing at its other North American factories would continue as usual.


GM said last week that it will cease production at a Fort Wayne, Indiana, assembly facility that makes the Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks for two weeks starting April 4 due to a semiconductor chip shortage.