Summary of Important News from Yesterday and This Morning (2025-07-17)

Domestic News:

1. Immigration Administration: 333 million person-times entered and exited the country in the first half of this year.

2. Tesla's six-seat version of MODEL Y L ID exposed by the Ministry of Industry and Information Technology.

3. The State Administration for Market Regulation urges Dongfeng Commercial Vehicle and 10 other manufacturing enterprises to implement recalls.

4. Energy Bureau: On July 16, national power load reached a new historical high, breaking 1.5 billion kilowatts for the first time.

5. State Council meeting: Effectively regulate the competitive order of the new energy vehicle industry and urge key car companies to fulfill their payment commitment deadlines.

6. State Council meeting: Strengthen the domestic circulation, deeply implement special actions to boost consumption, and optimize the policy for trading in old consumer goods for new ones.

7. The EU-China Chamber of Commerce automotive working group held a meeting with two major EU institutions to have in-depth discussions on Sino-European automotive industry cooperation.

International News:

1. News of Trump planning to fire Powell led to a triple whammy in US stocks, bonds, and currency, with gold surging; the market stabilized shortly after Trump denied the report.

2. The EU proposed a nearly €2 trillion seven-year budget plan.

3. Trump's approval rating drops to the lowest level during his tenure.

4. Trump: I hope oil prices can drop a little more; a price of $64 per barrel is great.

5. India's gold imports in June decreased by 40% year-on-year, while silver imports doubled year-on-year.

6. Israel launched airstrikes on areas near the Syrian “Presidential Palace” and the Syrian “General Staff” building.

7. Cryptocurrency-related legislation cleared procedural hurdles in the US House of Representatives, with Trump's intervention proving effective.

8. US June PPI unexpectedly fell short of expectations, recording a year-on-year rate of 2.3%, the lowest since September 2024.

9. Federal Reserve Beige Book: Economic outlook is neutral to slightly pessimistic. Manufacturing activity declined slightly, and corporate hiring remains cautious.

10. Tariffs - ① Canada will tighten steel quotas on certain foreign countries. ② Trump: Will send universal tariff rate notifications to over 150 small countries. #山寨季何时到来？