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On July 22, Fu Bingfeng, Executive Vice President and Secretary-General of the China Association of Automobile Manufacturers, stated at the 2026 China Automotive Forum that the new problems and challenges exposed during the transformation of the automotive industry have become pressing issues that the industry urgently needs to address. First, market competition is intensifying, highlighting industry problems. Currently, the growth potential of the domestic automotive market is narrowing, moving towards a new stage of competition for existing market share. Enterprises must adhere to bottom lines, return to rationality, and achieve high-quality and healthy development. Second, the governance system and mechanisms urgently need further improvement to promote the industrys sound and sustainable development. Third, there are still certain shortcomings and gaps in the industrial and supply chains, including insufficient independent control over core technologies and high dependence on foreign sources for key upstream mineral resources. Fourth, globalization still faces many challenges.July 22 – The "15th Five-Year Plan for Forestry and Grassland Protection and Utilization" was released to the public on July 22. The plan proposes that by 2030, decisive victories will be achieved in the three landmark battles of the "Three-North" Project, the integration and optimization of nature reserves will be completed, the quality and service functions of forest, grassland, wetland, and desert ecosystems will be continuously enhanced, the diversified supply and consumption scenarios of forestry and grassland will be further enriched, and the total output value of the forestry and grassland industry will reach a new level. The plan outlines work in areas such as scientifically carrying out large-scale national greening actions, comprehensively promoting the construction of the nature reserve system, cultivating and expanding the forestry and grassland industry, collaboratively strengthening ecological security capacity building, continuously deepening reforms in key areas, and vigorously promoting innovation-driven development and open cooperation.According to Hong Kong Stock Exchange documents, Guangxi Baifei Dairy Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.July 22nd - Tencent announced the full launch of Miora on July 22nd. Miora is described as an AI creative agent with memory, the ability to understand needs, and the capacity to coordinate collaboration among multiple agents.July 22 - Pou Sheng International (03813.HK) announced that it has received notification from Nike that the Groups online sales of Nike products in mainland China will be completely terminated from January 1, 2027. For the fiscal year ended December 31, 2025, revenue from sales through Nikes online platform accounted for approximately 15% of the Groups total revenue, but its contribution to the Groups profits was not significant. The Group will continue to work closely with Nike to jointly optimize the market channel ecosystem and create a higher quality experience for consumers.

Predictions for the Silver Market: A Turbulent Time Ahead

Alina Haynes

Jul 22, 2022 14:58

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Silver fell during Thursday's trading session, but it recovered after the European Central Bank raised interest rates, which placed downward pressure on the US dollar. I believe it is only a matter of time until sellers re-enter the market and force this commodity lower since this is a market that continues to witness a lot of noisy activity. However, there are many grounds to believe that silver's value will decline below that of the dollar.

 

Silver's demand is expected to remain weak due to low consumer demand. At this point, I believe it is best to "fade the rise," since it will likely be just a matter of time until sellers re-enter the market. We're probably going to break up soon, and the $20 level above should provide a lot of resistance on the way up.

 

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It's conceivable that sellers will enter the market even if we break over the $20 level, and then the 50 Day EMA will come into play. The 50-day moving average (MA) is currently at $20.73, and it's falling. In the end, I believe that many individuals will rush into this market as soon as it shows indications of tiredness. If the price drops below the hammer's base, it would be reasonable to assume that the $15 support level will be quickly breached.


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