🌹【Morning News Highlights on August 13】
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1. The Ministry of Finance and other three departments issued (Implementation Plan for Fiscal Subsidy Policy on Personal Consumption Loans). It proposed to provide fiscal subsidies for eligible personal consumption loans. The subsidy scope includes consumption below 50,000 yuan per transaction as well as household cars, elderly care, childbirth, education and training, cultural tourism, home decoration, electronic products, health care, and other key consumption areas for transactions of 50,000 yuan and above. For transactions above 50,000 yuan, the subsidy is limited to the 50,000 yuan consumption amount.
2. The Ministry of Finance, the People's Bank of China, and nine other departments issued (Implementation Plan for Loan Subsidy Policy for Service Industry Operating Entities). Loans that meet the criteria can enjoy the subsidy policy. The plan proposed that for loans issued by banks to service industry operating entities, the finance department will provide subsidies based on the loan principal, with a subsidy period not exceeding one year and an annual subsidy rate of 1 percentage point, with the central finance and provincial finance bearing 90% and 10% of the subsidy funds, respectively. The maximum loan amount eligible for subsidy for a single entity can reach 1 million yuan.
3. Foreign Ministry spokesperson Lin Jian answered reporters' questions yesterday. A reporter asked about Trump's statement that he might allow Nvidia to sell "special edition" chips in China. Lin Jian stated that China has repeatedly expressed its principled position on the issue of chips exported from the U.S. to China and hopes that the U.S. will take practical actions to maintain the stability and smoothness of the global supply chain.
4. Foreign Ministry spokesperson Lin Jian answered reporters' questions yesterday. A reporter asked about Trump's statement that he hopes China can triple its soybean orders. Lin Jian stated that specific questions should be directed to the competent authorities. China's position on Sino-U.S. economic and trade issues has been consistent and clear.
5. Data shows that the Consumer Price Index (CPI) in the U.S. rose by 0.2% month-on-month in July, which was in line with expectations, slowing down by 0.1 percentage points compared to the previous month; the year-on-year increase remained at 2.7%, while the market had originally expected it to rise to 2.8%, ending nearly two months of rebound momentum.
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6. The Ministry of Commerce announced on the 12th that the investigating authority has initially determined that there is dumping in the imported products under investigation originating from Canada and Japan, which has caused substantial harm to the domestic halogenated butyl rubber industry, and there is a causal relationship between dumping and substantial harm. According to regulations, the investigating authority has decided to implement temporary anti-dumping measures in the form of a deposit. Starting from August 14, 2025, import operators must provide the corresponding deposit to Chinese customs when importing halogenated butyl rubber originating from Canada and Japan.
7. The Ministry of Commerce has decided to conduct an anti-dumping investigation on imported pea starch originating from Canada starting from August 12, 2025. The investigation period for dumping is set from January 1, 2024, to December 31, 2024, while the period for industry damage investigation is from January 1, 2021, to December 31, 2024.
8. Under the guidance of the National Bureau of Statistics, the National Data Standardization Committee solicited opinions on three technical documents for data infrastructure and three technical documents for trustworthy data spaces. Among them, it requires computing facilities to provide a security isolation mechanism for computing resources, supporting secure collaboration of diverse and heterogeneous computing such as general computing, intelligent computing, and supercomputing.
9. The closed-door discussion meeting for leaders of dry process lithium battery separator backbone production enterprises was held in Shenzhen. The meeting aims to respond to and implement the country's comprehensive rectification of "involution" competition-related deployments and promote the healthy and orderly development of the industry. Eight companies, including Xingyuan Materials, ZTE New Materials, Huiqiang New Materials, Cangzhou Mingzhu, Enjie Co., Ltd., Bosheng New Materials, Tianhong New Materials, and Kanghui New Materials, reached several important consensuses: first, price self-discipline; second, scientifically releasing production capacity; third, pausing capacity expansion; fourth, strengthening industrial chain cooperation; fifth, hoping for social supervision.
10. U.S. stocks opened higher and rose, with all three major indices closing up more than 1%. The Nasdaq Composite rose by 1.39%, the S&P 500 index rose by 1.13%, and the Dow Jones Industrial Average rose by 1.1%. Among them, the Nasdaq and S&P 500 indices both hit historical highs. Large technology stocks generally rose, with Intel up over 5%; Meta up over 3%, with a total market value approaching $2 trillion; Apple, Microsoft, and Google rose by more than 1%, while Tesla, Nvidia, Amazon, and Netflix rose slightly. Among them, both Meta and Nvidia reached new closing highs. Most popular Chinese concept stocks rose, with the Nasdaq Golden Dragon China Index closing up 1.49%.
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