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February 28th - The China Council for the Promotion of International Trade (CCPIT) released the "2025 China Business Environment Research Report" at a press conference today (February 28th). The report shows that surveyed companies rated Chinas business environment at 4.39 out of 5, marking two consecutive years of improvement. Nearly 90% of surveyed companies rated Chinas business environment as "satisfactory." Among the 12 primary evaluation indicators, surveyed companies ranked highly in three areas: customs services, business establishment and exit environment, and social and legal environment. Business operations have remained stable with a slight upward trend.February 28th – This morning (February 28th), the China Council for the Promotion of International Trade (CCPIT) held a press conference. A CCPIT spokesperson released the "China Expos and Exhibitions 2026" at the conference. Compiled and published by the CCPIT, "China Expos and Exhibitions 2026" includes information on over 1,400 trade and economic exhibitions and expos planned to be held in more than 80 cities across China in 2026. It features broader industry coverage and a convenient dual search method with both provincial and industry indexes, and is published in both Chinese and English. The release of "China Expos and Exhibitions 2026" will promote the internationalization of Chinas exhibition industry and provide more references for enterprises to conduct international cooperation.February 28th - The State Administration for Market Regulation (National Standardization Administration) approved and released the national standard "Quality Assurance Specification for Human Biomonitoring". This standard, drafted by the National Center for Disease Control and Prevention, will officially take effect on March 1st.On February 28th, the Shenzhen Municipal Implementation Plan for Supporting the Replacement and Improvement of Consumer Goods with Ultra-Long-Term Special Treasury Bonds (2026) mentioned supporting car replacement and renewal. Individual consumers who transfer their passenger vehicles registered in their own name and purchase new energy passenger vehicles included in the "Catalogue of New Energy Vehicle Models Eligible for Vehicle Purchase Tax Reduction or Exemption" or fuel passenger vehicles with an engine displacement of 2.0 liters or less will receive a car replacement and renewal subsidy. Specifically, the subsidy for purchasing new energy passenger vehicles is 8% of the vehicle price (maximum 15,000 yuan), and the subsidy for purchasing fuel passenger vehicles with an engine displacement of 2.0 liters or less is 6% of the vehicle price (maximum 13,000 yuan).On February 28th, the National Bureau of Statistics released the "Statistical Communiqué on National Economic and Social Development in 2025." In 2025, my countrys per capita GDP reached 99,665 yuan, an increase of 5.1% over the previous year, equivalent to US$13,953 at the average annual exchange rate, exceeding US$13,000 for the third consecutive year. This steady increase in per capita GDP is attributed to the leading role of technological innovation, the accelerated construction of a modern industrial system, and the vigorous development of new-type productive forces.

Stock Markets Continue to Put Up a Fight

Cory Russell

Jul 18, 2022 15:12

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Weekly Technical Analysis for the S&P 500

The S&P 500 has declined considerably over the last week, but it's important to remember that the previous three candlesticks have all been hammers, which does indicate that a balance or perhaps a breakout to show signs of life is very approaching. Having said that, I believe the market will, more often than not, exhibit a scenario in which there will be a brief rebound and maybe a bid to test the 4200 level. If we could break through the 4200 level, which has served as a big area of resistance as well, the general trend would alter.


On the other side, this market is likely to crash very severely if we reverse course and break down below the 3640 level and, therefore, the 200 day EMA. Given everything being equal, I think this market is a touch oversold, so a little rebound makes some sense. The market will likely continue to be choppy and noisy, and you should be concerned about the fact that we are almost certainly heading into a recession, despite what some people on Wall Street would have you believe. Keep in mind that we are about to enter the earnings season, so you need to pay close attention to pre-market volatility.


In the end, I believe fading rallies will continue to be effective, but we must wait for those rallies to take place in order to get some opportunity and a better risk-to-reward ratio.

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