April 9 Macroeconomic index:From the 100 billion yuan investment of China Southern Power Grid to the new international political and economic developments

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Domestic News

1. China Southern Power Grid plans to invest more than 100 billion yuan in Guangdong this year

2. Irrelevant data should not be collected, and the new national standard for voice interaction technology for smart home appliances was released

3. The Ministry of Foreign Affairs responded to a think tank saying that China and ASEAN are becoming the new centers of influence in East Asia

4. The Spanish Prime Minister will visit China soon, Ministry of Foreign Affairs: President Xi will meet with Prime Minister Sanchez

5. The United States and Iran will negotiate on the nuclear issue, the Ministry of Foreign Affairs responded

 International News

1. Institutions: The RBNZ is likely to provide a policy blueprint for other central banks

2. Iranian media announced the representative of Iran and the United States for talks on Saturday

3. Spanish Prime Minister Pedro Sanchez will visit China

4. The Prime Minister of Thailand and Ctrip have deepened their strategic cooperation to jointly create a new experience for the global festival in April

5. US media: Trump and the US Secretary of Defense proposed a record $1 trillion defense budget

Domestic News

1. China Southern Power Grid plans to invest more than 100 billion yuan in Guangdong this year

The mobilization meeting for the construction of major projects of China Southern Power Grid in Guangdong was held in Guangzhou. It is understood that China Southern Power Grid Corporation will continue to invest more than 100 billion yuan annually in Guangdong, to accelerate the promotion of major projects such as Guangdong's new supporting and guaranteed power transmission projects, Yangjiang Sanshan Island offshore wind power flexible and direct transmission projects, support and drive Guangdong to strengthen and expand the new energy trillion-level industrial cluster, accelerate the construction of a more internationally competitive modern industrial system, and fully support the high-quality development of Guangdong's economy. (Xinhua News Agency)

2. Irrelevant data should not be collected, and the new national standard for voice interaction technology for smart home appliances was released

The State Administration for Market Regulation (National Standards Committee) recently approved the issuance of the national standard "Voice Interaction Technology for Smart Household Appliances Part 1: General Requirements", which will be officially implemented on September 1, 2025. The standard classifies the voice interaction function of smart home appliances, clarifies the framework structure of voice interaction, and puts forward technical requirements from the aspects of structural design, safety, functionality, and labeling. After the release and implementation of the standard, it will help to lead the technological innovation and quality improvement of smart home appliances with voice interaction function.

3. The Ministry of Foreign Affairs responded to a think tank saying that China and ASEAN are becoming the new centers of influence in East Asia

On the afternoon of April 8, the Ministry of Foreign Affairs held a regular press conference. Reporter: A think tank recently published an article saying that China and ASEAN are becoming the new center of influence in East Asia, and that China-ASEAN relations are based on complementary needs, frequent and close trade ties and common values, and the close relationship between the two sides is of great significance not only to Asia but also to the international community. Foreign Ministry spokesman Lin Jian said that over the past 30 years since the establishment of dialogue relations between China and ASEAN, the two sides have taken a firm, steady and vigorous path of cooperation, and have become one of the most dynamic and fruitful models of cooperation in the Asia-Pacific region and even the world. The two sides have been each other's largest trading partners for five consecutive years, and the trade volume between China and ASEAN reached 6.99 trillion yuan in 2024. In the Asian family, China will adhere to the principle of goodwill and sincerity, mutual benefit, openness and inclusiveness, and continue to take root in and contribute to its neighbors, so that the concept of amity, sincerity and inclusiveness can benefit more people in Asia, and let the Asian community with a shared future inject more stability and hope into the world.

4. The Spanish Prime Minister will visit China soon, Ministry of Foreign Affairs: President Xi will meet with Prime Minister Sanchez

Foreign Ministry Spokesperson Lin Jian held a regular press conference. Lin Jian announced that at the invitation of Premier Li Qiang, Spanish Prime Minister Pedro Sanchez will visit China from April 10 to 11. We note that this will be Prime Minister Sanchez's second visit to China in less than a year. Lin Jian said that this visit is Prime Minister Sanchez's third visit to China in three years, during which President Xi Jinping will meet with Prime Minister Sanchez, and Premier Li Qiang will hold talks with him. Spain is an important partner of China in the EU, and the two sides have always adhered to the spirit of mutual respect, mutual trust and mutual benefit, and bilateral relations are at the forefront of China's relations with European countries.

5. The United States and Iran will negotiate on the nuclear issue, the Ministry of Foreign Affairs responded

On April 8, Foreign Ministry Spokesperson Lin Jian held a regular press conference. AFP reporter asked, what is China's response to the announcement by the United States and Iran that they will hold talks on Iran's nuclear program? Lin Jian said that we have taken note of relevant reports. China has always maintained that resolving the Iranian nuclear issue through political and diplomatic means is the only correct choice. Under the current circumstances, all parties involved in the Iranian nuclear issue should work in the same direction, strengthen dialogue and engagement, and prevent the situation from escalating. China will continue to maintain communication with relevant parties, actively promote peace talks, and promote an early diplomatic solution that takes into account the legitimate concerns of all parties, so as to safeguard the international nuclear non-proliferation regime and maintain peace and stability in the Middle East.

International News

1. Institutions: The RBNZ is likely to provide a policy blueprint for other central banks

While New Zealand is located in the southern hemisphere, far from the trade war from Washington, the RBNZ, which holds its policy meeting on Wednesday, will be worth watching. This could provide clues as to how central banks will respond to the diametrically opposed threats of rising inflation and cooling economic growth. With the arrival of a new interim governor, Christian Hawkesby, the Reserve Bank of New Zealand (RBNZ) is expected to cut the official cash rate by 25 basis points. In addition to this, it may also choose to cut interest rates by 50 basis points, highlighting the collapse of confidence and market panic. The RBNZ's guidance will be equally compelling and could serve as a blueprint for other countries to adopt.

2. Iranian media announced the representative of Iran and the United States for talks on Saturday

The "Implementation Opinions of Beijing Municipality on the Establishment of a Comprehensive Pilot Zone for Data Elements (Draft for Solicitation of Comments)" is open for comments. It is mentioned that a national data exchange will be built. Support the Beijing International Big Data Exchange to strengthen rule guidance, consolidate technical support, improve pricing capabilities, and build a trading ecosystem. Support the mutual recognition and interoperability of the Beijing International Big Data Exchange with other data trading institutions and data circulation and trading platforms, achieve a significant improvement in the quantity and quality of data transactions, and become an important hub for the national integrated data element market. support the listing of data enterprises, and strengthen the linkage between the Beijing International Big Data Exchange and the Beijing Stock Exchange; By 2027, Beijing will achieve a positive interaction between the construction of data infrastructure systems and practical exploration, the basic completion of trusted data infrastructure, the significant increase in the supply of high-quality data resources, the continuous enrichment of data products and services, and the breakthrough in the cultivation of data markets.

3. Spanish Prime Minister Pedro Sanchez will visit China

The spokesperson of the Ministry of Foreign Affairs announced that at the invitation of Premier Li Qiang, Spanish Prime Minister Pedro Sanchez will visit China from April 10 to 11.

4. The Prime Minister of Thailand and Ctrip have deepened their strategic cooperation to jointly create a new experience for the global festival in April

With the arrival of the 2025 Thai New Year, Thai Prime Minister Paetongtarn Shinawatra recently announced that the "2025 World Super Songkran Festival" will be held at Bangkok's Royal Field Plaza from April 11 to 15, and will collaborate with global tourism brands such as Ctrip to create a festival feast throughout April in Thailand. On the Ctrip platform, during the 2025 Songkran Festival in Thailand, the search popularity of Bangkok, Chiang Mai and other places in Thailand increased by 120%, and the booking orders for travel from Chinese mainland to Thailand increased by 93% compared with the previous week, with Shanghai, Beijing, Shenzhen, Guangzhou, Chengdu and other cities becoming the main source of tourists.

5. US media: Trump and the US Secretary of Defense proposed a record $1 trillion defense budget

U.S. President Donald Trump and Defense Secretary Hugseth pledged a $1 trillion defense budget proposal for the first time on Monday, setting a record for the military's budget, Politico reported. Trump said at a press conference with Israeli Prime Minister Benjamin Netanyahu that the upcoming budget would be "close" to $1 trillion. Hegseth went further in his Monday night post, saying that Trump "is rebuilding our military fast." "Coming soon: the first trillion-dollar budget for the Department of Defense (PS: we intend to use every penny of taxpayers' money wisely - for lethal weapons and combat readiness)," Hegseth posted on his personal account. "That figure would be a significant increase from the $892 billion Congress has allocated this year for defense programs, including security programs for the Pentagon, nuclear weapons development and other agencies. Trump did not specify whether the $1 trillion would go to the Pentagon alone or to the overall defense budget, including other agencies. But in the upcoming budget, defense spending is expected to exceed $900 billion.

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