Global Economic Highlights and Key News on February 26th
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Domestic News
1. The Ministry of Commerce plans to hold a foreign-funded enterprises round table meeting on February 28
2. Shenzhen Municipal Development and Reform Commission: Further standardize the management of charging and swapping facilities for new energy vehicles
3. The Ministry of Commerce responded to the anti-subsidy investigation of CRRC: Hope the European side can strictly abide by the WTO rules
4. Ministry of Foreign Affairs: The European side is welcome to share the opportunities of China's super-large market and actively participate in China's high-level institutional opening-up process
International News
1. Zelensky signed a decree allowing foreigners to serve in the National Guard of Ukraine
2. European stock markets hit record high for the first time in two years
3. Lithuania will close two more border crossings with Belarus
4. United Airlines plans to resume flights to and from Israel in March
Domestic News
1. The Ministry of Commerce plans to hold a foreign-funded enterprises round table meeting on February 28
He Yadong, spokesman of the Ministry of Commerce, revealed at a regular press conference that the Ministry of Commerce has carried out a phased assessment of the implementation of the "Opinions on Further Optimizing the Foreign Investment Environment and Increasing the Efforts to Attract Foreign Investment", and plans to hold a roundtable meeting on foreign-funded enterprises on February 28 for detailed interpretation, and actively invite foreign-funded enterprises of foreign business associations in China to participate.
2. Shenzhen Municipal Development and Reform Commission: Further standardize the management of charging and swapping facilities for new energy vehicles
The Shenzhen Municipal Development and Reform Commission issued a notice on further standardizing the management of charging and swapping facilities for new energy vehicles. Among them, it is proposed to strengthen the integration and interaction of new energy vehicles and power grids. In principle, the new charging piles will uniformly adopt intelligent and orderly charging piles, and promote the intelligent transformation of existing charging piles as needed; Support power grid enterprises to carry out vehicle-network interactive management, give priority to the unified access and management of charging and swapping facility resources of 10 thousand volts and above, and gradually cover all kinds of charging and swapping facility resources behind low-voltage distribution networks and gateway meters.
3. The Ministry of Commerce responded to the anti-subsidy investigation of CRRC: Hope the European side can strictly abide by the WTO rules
On the afternoon of February 22, the Ministry of Commerce held a regular press conference. The EU is now investigating the subsidies received by the Chinese train manufacturer CRRC Qingdao Sifang. The European Commission said there were indications that the company was receiving foreign subsidies that would distort the EU's internal market. He Yadong, spokesman of the Ministry of Commerce, said that China has noted that the European Commission recently announced that it would conduct an in-depth investigation into the so-called subsidy issue of a Chinese-funded enterprise participating in the bidding for a relevant project in Bulgaria. China is gravely concerned about this. It is hoped that the EU will strictly abide by WTO rules, respect the principle of marketization, prudently use the tools of foreign subsidy regulations, conduct investigations in an open and transparent manner, provide a fair, just and non-discriminatory business environment for Chinese enterprises, and jointly safeguard the overall situation of China-EU economic and trade cooperation.
4. Ministry of Foreign Affairs: The European side is welcome to share the opportunities of China's super-large market and actively participate in China's high-level institutional opening-up process
On February 22, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A reporter asked: Foreign Minister Wang Yi has just concluded his visit to Europe. Mao Ning stressed that Europe is an important direction of major-country diplomacy with Chinese characteristics and an important partner in realizing Chinese-style modernization. We welcome the EU to share the opportunities of China's mega-scale market and actively participate in China's high-level institutional opening-up process, and believe that European countries will get more and more cooperation opportunities in China's high-quality development. The EU side has a positive attitude towards strengthening China-EU exchanges at all levels, is very enthusiastic about deepening practical cooperation, and hopes that more concrete results will be achieved in cooperation in the fields of economy and trade, energy, green, digital, education and people-to-people cooperation.
International News
1. Zelensky signed a decree allowing foreigners to serve in the National Guard of Ukraine
According to a report by the Ukrainian National News Agency on the 22nd local time, Ukrainian President Volodymyr Zelensky signed a decree approving foreigners and stateless persons to serve in the Ukrainian National Guard. The website of the President of Ukraine published the documents of the relevant decree. According to the decree, foreigners who are legally residing in the territory of Ukraine with no criminal record and meet the conditions for military service in the Ukrainian Law on Military Service and Military Service can serve in the National Guard of Ukraine on a voluntary basis.
2. European stock markets hit record high for the first time in two years
European stock markets rose to record highs on Thursday, driven by gains in technology stocks, as optimism about economic growth and the prospect of monetary policy easing continued the rally that began in late 2023. Europe's Stoxx 600 rose 0.8%, achieving a leading rise by tech stocks after Nvidia's stellar performance.
3. Lithuania will close two more border crossings with Belarus
The Lithuanian government announced the closure of the border crossings with Belarus, Lavoliks and Regadas, effective March 1. After that, only two of the six land border crossings between Lithuania and Belarus will be opened, Mediningkai and Salziningkai. The Government of Lithuania has also decided to suspend the passage of pedestrians and cyclists to the border crossings of Mediinkai and Salziningkai and to gradually reduce the number of permits issued to the Belarusian and Lithuanian international bus passenger transport companies.
4. United Airlines plans to resume flights to and from Israel in March
United Airlines will be the first U.S. airline operator to resume U.S.-Israel routes after the outbreak of the new Palestinian-Israeli conflict. United Airlines said on the 21st that it plans to resume flights from Newark International Airport in New Jersey, USA, to Tel Aviv, Israel from March 2, with the first two flights stopping in Munich, Germany, and direct flights from the 6th. United said it worked with U.S. and Israeli security experts and government officials to make the decision to resume the route after a detailed safety analysis, but it will continue to monitor the situation and adjust the route based on the situation. United said it would consider resuming flights to and from Israel from San Francisco, Chicago and Washington this fall.
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