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February 11th - The National Health Commission and 11 other departments jointly issued the "Administrative Measures for the National Essential Medicines List" today. Compared with the previous document, the "Administrative Measures for the National Essential Medicines List" clarifies that adjustments to the types and quantities of essential medicines will be made based on changes in disease patterns, clinical application practices, changes in drug standards, and new drug launches, adhering to the principles of giving equal importance to traditional Chinese and Western medicine and prioritizing clinical application. It also comprehensively considers factors such as my countrys basic medical and health service needs, basic medical security levels, and drug supply security. The measures standardize the dynamic adjustment mechanism, strengthen the functional positioning of essential medicines, adhere to regular evaluation and dynamic management, and stipulate that the adjustment cycle should generally not exceed three years, with adjustments possible as needed.February 11th - The National Health Commission and 11 other departments jointly issued the "Administrative Measures for the National Essential Medicines List" today. Compared with the previous document, the "Administrative Measures for the National Essential Medicines List" adds legal and policy basis. It adds the "Basic Medical and Health Care and Health Promotion Law," the "Drug Administration Law," and other higher-level laws as legal basis, and aligns with policies such as the "Opinions of the General Office of the State Council on Improving the National Essential Medicines System" and the "Opinions of the General Office of the State Council on Further Improving the Supply and Price Stabilization of Shortage Drugs." The list structure is rationally optimized. National essential medicines are divided into chemical drugs and biological products, and traditional Chinese medicine (processed medicinal herbs and prepared Chinese medicines). Chemical drugs and biological products are mainly classified according to clinical pharmacology, while prepared Chinese medicines are mainly classified according to function.February 11th - The Peoples Bank of China released its 2025 financial market operation report. In 2025, the amount of commercial bill acceptances reached 42.7 trillion yuan, and the amount of discounting reached 33.9 trillion yuan. As of the end of 2025, the outstanding balance of commercial bill acceptances was 21.2 trillion yuan, an increase of 7.2% compared to the end of 2024; the outstanding balance of discounting was 16.5 trillion yuan, an increase of 11.2% compared to the end of 2024.The Russian Foreign Ministry stated that if the United States complies with the quantity limits of the New START Treaty, Russias position of suspending its actions that exceed the treatys limits will remain unchanged.On February 11, the State Administration for Market Regulation released the newly revised "Measures for the Administration of Food Recalls." Compared with the current measures, the new measures strengthen the primary responsibility of food producers and operators. They explicitly require food producers and operators to establish and implement a food recall management system, and stipulate that food operators, operators of centralized food trading markets, lessors of food stalls, organizers of food exhibitions, and third-party online food trading platform providers have an obligation to cooperate with recalls.

Stock Markets Analysis – Is Recession Possible?

Skylar Shaw

Jun 30, 2022 14:50

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Data released yesterday showed that consumer confidence decreased more than anticipated in June, reaching a six-month low, adding fuel to those worries.

consumer assurance

According to the Conference Board, the decline was caused by rising inflation and worries about a potential recession. Consumers' expectations for wage growth, the job market, and business conditions have dropped to their lowest points in over a decade, giving them a rather bleak short-term picture for the economy as a whole.


Bulls, on the other hand, highlight specifics from the Consumer Confidence report that show US consumers do not intend to cut back on spending as much as some have feared, with future spending plans for automobiles and other expensive items like refrigerators and washing machines actually increasing... so they claim. Given that gas prices have increased by up to $5 a gallon in many areas and that grocery store food prices are much higher than they were in the past, it's difficult for me to see where people would find the bigger lump sums of money.


You have to think that the US consumer will eventually reach a credit card limit and lose the ability to refinance and leverage their properties. Remember that consumer spending makes up over 70% of our economy, so if it declines, the economy will as well.


How much will consumer spending slow down, I wonder? Perhaps not much right now, but if the Fed keeps raising interest rates and the price of food and energy continues to rise—which I believe it will—the US consumer will ultimately suffer greatly.

Q2 earnings

For S&P 500 businesses, experts on Wall Street presently forecast Q2 profit growth of +4.3 percent, down from approximately +6 percent at the end of March. As we approach Q2 earnings season, which "unofficially" begins on July 13 with reports from major Wall Street Banks, many on Wall Street believe that expectations will be lowered even more.


Investors today will be analyzing more remarks from Fed Chair Jerome Powell, who will take part in a panel discussion at a bank symposium sponsored by the European Central Bank.


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