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January 21 – The State Council Taiwan Affairs Office held a regular press conference on January 21. A reporter asked: Some foreign media reported that China pressured European countries to ban Taiwanese politicians from entering the country, and Taiwans foreign affairs department attacked and slandered this. What is the spokespersons comment on this? Spokesperson Peng Qingen stated that we firmly oppose any form of official exchanges between countries that have diplomatic relations with China and Taiwan. The one-China principle is a basic norm of international relations and a universal consensus of the international community. The DPP authorities petty actions cannot shake the international communitys one-China framework.January 21st - According to Zhejiang Statistics Bureau, based on the unified accounting results for regional GDP, Zhejiangs GDP reached 9,454.5 billion yuan in 2025, a 5.5% increase year-on-year at constant prices, higher than the national average (5.0%). By industry, the added value of the primary industry was 265.7 billion yuan, a 3.9% increase; the added value of the secondary industry was 3,568.2 billion yuan, a 5.1% increase; and the added value of the tertiary industry was 5,620.6 billion yuan, a 5.8% increase.On January 21, Zhang Yunming, Vice Minister of the Ministry of Industry and Information Technology, stated that in terms of future industries, the Ministry will continue to carry out the "challenge-based" innovation task initiative, organize and implement a number of forward-looking and strategic major science and technology projects, support local governments in building a number of future industries according to local conditions, increase government investment funds, and create a favorable environment for the competitive development of future industries nationwide.On January 21, the State Council Information Office held a press conference to introduce the achievements in industrial and information technology development by 2025. The conference highlighted a surge of innovative achievements with high "new content." Good ideas from laboratories are being continuously transformed into good products on production lines. Technologies such as perovskite materials, permanent magnet materials, and power batteries are at internationally advanced levels. Technologies such as new networks, high-speed communication, advanced computing, emerging software, and blockchain are rapidly iterating. Prototypes of atomic clocks and magnetometers based on new quantum technologies have been successfully developed. Superconducting quantum computers and optical quantum computers have achieved quantum supremacy, possessing the computing power to surpass any classical computer in solving specific problems. Brain-computer interface technology is rapidly expanding from the medical field to education, industry, and other fields.On January 21, according to the official WeChat account of the Guangzhou Municipal Development and Reform Commission, Wu Sa, Secretary of the Party Group and Director of the Guangzhou Municipal Development and Reform Commission, stated during this years Guangzhou Municipal Peoples Congress and CPPCC sessions that in 2026, the commission will promote the comprehensive development and opening up of Nansha, strive for the issuance of the overall development plan for Nansha at the national level, fully align with the Hong Kong and Macao policy addresses and Macaos "Three-Five" Plan, build Nansha Science City to a high standard, strengthen the functions of platforms such as the Guangzhou Futures Exchange and the Greater Bay Area Shipping Joint Trading Center, solidify and strengthen the comprehensive service base for Chinese enterprises "going global," promote the establishment of the Greater Bay Area International Commercial Bank, coordinate with Hong Kong and Macao to promote "five-port linkage," and support Nansha in learning from and drawing on the experience of the Hainan Free Trade Port to promote institutional opening up.

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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