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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.July 22 – The 2026 World Internet Conference Digital Silk Road Development Forum, hosted by the World Internet Conference and organized by the Shaanxi Provincial Peoples Government, opened in Xian this morning (July 22). Approximately 800 guests from 52 countries and regions and 7 international organizations attended the forum. This is the third consecutive year that the World Internet Conference has held the Digital Silk Road Development Forum.The yield on Japans 40-year government bonds rose 2 basis points to 3.910%.Vietnam Airlines: The fleet expansion will include 10 aircraft leased from Sumitomo Mitsui Aviation Capital, 4 aircraft leased from Avolon, and 5 aircraft leased from Phoenix Aviation Capital, managed by AIP Capital. The aircraft planned for fleet expansion are scheduled for delivery in 2028.

S&P 500 Price Forecast — Stock Market Looking for Footing

Florala Chen

Aug 24, 2022 15:54

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In the E-mini contract, the S&P 500 has gained a little bit of stability during the Tuesday trading session as we get closer to a critical support level.

Technical Analysis of the S&P 500

In the early stages of the E-mini contract, the S&P 500 has moved in a rather narrow range. Having said that, this week is the Jackson Hole Symposium, which is practically guaranteed to make a lot of noise. In this case, I believe the trading public will be paying great heed to central bankers' pronouncements, which, of course, may sometimes result in complete pandemonium.


In this case, I believe we could have a brief rebound followed by increased selling pressure. The 200-Day EMA is located around 4185, and there is considerable resistance at the 4300 level above. It's also important to pay attention to the 50-Day EMA, which is at 4082 and climbing below; it may provide dynamic support.


I do believe that it is extremely possible that traders will look to the 50-Day EMA to salvage the market upward, regardless of whether or not this turns out to be the case. If we break it down below that, the market is probably just trying to get to the 4000 level. Anything below the 4000 mark indicates that we have once again altered our mentality and that more downside is yet to come.


One thing you can certainly bet on, in my opinion, is a lot of noisy volatility, mostly as a result of the central bankers' ranting in Wyoming. They will almost certainly underline their resolve to battle inflation, which means that monetary policies will continue to tighten throughout the globe.

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