April 23 Macroeconomic index:From mutual trust and cooperation among major countries to new energy innovation

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International Crude Price Trend & Exchange Rate of RMB to USD Trend

Domestic News

1. Ministry of Foreign Affairs: China is willing to work with Indonesia to continue to be the vanguard of mutual trust and mutual assistance of major countries and neighboring countries

2. Zhai Jun, Special Envoy of the Chinese Government for the Middle East, met with Deputy Minister of Foreign Affairs of Oman Khalifa

3. The main person in charge of the National Energy Administration met with the Ministry of Energy of Russia 957

4. Zhejiang's electricity consumption increased by 5.54% in the first quarter, and the high-end manufacturing industry performed well

5. Three world-class iconic industrial machine tool products were launched

 International News

1. European natural gas prices have fallen, and progress has been made in the injection of natural gas reserves

2. Vietnam took emergency action to strictly control the origin of imported goods

3. Gold prices soared all the way to 3470, and multiple factors "supported" the rally

4. Minister of Finance of the Republic of Korea departed for the United States to attend the "2+2" trade consultations

5. The 4th Abu Dhabi Electric Vehicle Innovation Summit opens, and China and Abu Dhabi deepen cooperation in the field of new energy

Domestic News

1. Ministry of Foreign Affairs: China is willing to work with Indonesia to continue to be the vanguard of mutual trust and mutual assistance of major countries and neighboring countries

On April 21, the first Ministerial Meeting of the "2+2" dialogue mechanism between the Foreign Ministers and Defense Ministers of China and Indonesia was successfully held in Beijing. The meeting achieved positive results, including strengthening high-level exchanges, promoting the synergy of development strategies, expanding the connotation of security cooperation, maintaining peace and stability in the South China Sea, building an open world economy, and promoting multilateral strategic coordination. The two sides agreed to hold a second meeting in Indonesia. As Foreign Minister Wang Yi pointed out, the world is undergoing major changes unseen in a century, facing the severe impact of unilateralism and hegemonism, and human society is once again at a crossroads. Under the new circumstances, China is ready to work with Indonesia to continue to be the vanguard of mutual trust and mutual assistance of major countries and neighboring countries, the locomotive of modernization of developing countries, and the promoter of openness, inclusiveness and win-win cooperation, playing the strongest voice of the global South's unity and self-reliance

2. Zhai Jun, Special Envoy of the Chinese Government for the Middle East, met with Deputy Minister of Foreign Affairs of Oman Khalifa

Zhai Jun, the Chinese government's special envoy for the Middle East, met with Omani Deputy Foreign Minister Khalifa in Beijing. Zhai Jun said that the China-Arab strategic partnership has maintained healthy and stable development, and cooperation in various fields has achieved fruitful results. China appreciates the important role played by the Arab side in promoting the resolution of regional hotspot issues and easing regional tensions. Khalifa said that the Albanian side is willing to deepen mutually beneficial cooperation with China, strengthen coordination and cooperation in international and regional affairs, and promote greater development of China-Arab relations.

3. The main person in charge of the National Energy Administration met with the Ministry of Energy of Russia 957

On April 17, Wang Hongzhi, head of China's National Energy Administration, met with Russian Energy Minister Sergei Tsivilev in Beijing. The two sides exchanged views on the development of Sino-Russian energy cooperation. Wang Hongzhi said that China-Russia energy cooperation is becoming more mature, stable and resilient, which has brought tangible benefits to the people of the two countries. The National Energy Administration is willing to work with Russia to actively implement the important consensus of the two heads of state on energy cooperation, actively and pragmatically develop energy cooperation between the two sides, and make energy contributions to the continuous development of the China-Russia comprehensive strategic partnership of coordination in the new era. Tsivilev said that Russia attaches great importance to the China-Russia energy partnership, and that the energy cooperation between the two sides is strategic and constructive, achieving mutual benefit, and is willing to work with the Chinese side to deepen the energy cooperation between the two sides and achieve more practical results.

4. Zhejiang's electricity consumption increased by 5.54% in the first quarter, and the high-end manufacturing industry performed well

According to the State Grid Zhejiang Electric Power Co., Ltd., in the first quarter of this year, the electricity consumption of the whole society in Zhejiang was 152.696 billion kilowatt hours, a year-on-year increase of 5.54%. Among them, the electricity consumption of export foreign trade enterprises reached 253 million kWh, a year-on-year increase of 8.21%. In terms of industries, the manufacturing industry continued to expand, with more than 80% of the industries achieving positive growth, of which 7 industries increased their electricity consumption by more than 10% year-on-year. It is worth noting that with the further increase in the penetration rate of electric vehicles and the rapid development of the charging and swapping service industry, the electricity consumption of wholesale and retail industries has increased by more than 10% year-on-year, reflecting the benign interaction between the upgrading of consumption structure and the cultivation of emerging kinetic energy.

5. Three world-class iconic industrial machine tool products were launched

Hubei Province to build an industrial machine tool industry highland promotion conference was held in Beijing. Huazhong CNC released the world's first intelligent CNC system integrating AI chips and AI large models - Huazhong 10 type, and jointly launched the world's first batch of intelligent CNC machine tools with 18 machine tool factories. Wuzhong Group released the world's first intelligent heavy-duty machine tool high-speed, high-precision intelligent heavy-duty vertical milling and turning machining center, and the key core components of the machine tool have been fully localized. The complex curved six-axis laser microhole processing equipment released by Huagong Laser is the most critical core technical equipment in the aviation, aerospace and shipbuilding industries, helping aero engine manufacturing to develop in the direction of high performance, light weight, long life, short cycle and low cost.

International News

1. European natural gas prices have fallen, and progress has been made in the injection of natural gas reserves

European gas prices have retreated, hovering around 35 euros per megawatt hour due to an increase in gas reserves as fuel laden by tankers arrives in large quantities. After a long holiday weekend, the benchmark futures price fell 2.5% on Tuesday. LNG cargoes arriving are still slightly above the seasonal average, indicating a good supply situation despite ongoing disruptions at some facilities around the world. During the heating season, oil storage decreases, so this summer's replenishment is closely watched. While this initially led to seasonal spreads that made hoarding uneconomical, the price pattern has now shifted to small contango, where forward prices are higher than recent prices. This could spur people to replenish their stocks in the coming days and weeks.

2. Vietnam took emergency action to strictly control the origin of imported goods

Vietnam's trade ministry has issued a directive to crack down on illegal transshipment of goods to the United States and other trading partners in an attempt to avoid steep tariffs imposed by the United States, according to a document reviewed by Reuters. In the directive, which is dated April 15 and has been in effect since that date, Vietnam's trade ministry said trade fraud could increase amid rising tensions over U.S. tariffs. If trade fraud is not stopped, this will, in turn, "complicate the circumvention of sanctions imposed by countries on imported goods," the document said. According to the directive, officials from Vietnam's Ministry of Trade, customs and other agencies have been told to strengthen the supervision and inspection of imported goods to determine their origin, "especially imported raw materials used for production and export."

3. Gold prices soared all the way to 3470, and multiple factors "supported" the rally

Gold prices extended their record gains during the Asian trading session. Spot gold broke through multiple levels in a row, refreshing its high to $3,470. This shows that investors have invested in gold, a traditional safe-haven asset, in the face of heightened recession risks and financial market instability in the United States, which has made gold prices soar. In particular, the current market confidence in the US dollar continues to be low, which has become an important factor driving the rising price of US dollar-denominated gold. Looking ahead, gold is likely to remain the asset of choice for investors amid heightened uncertainty in financial markets and Trump's ongoing attacks on Fed Chair Jerome Powell. In addition, due to the lack of important economic data from the US, gold prices will be influenced by risk sentiment and tariff-related news.

4. Minister of Finance of the Republic of Korea departed for the United States to attend the "2+2" trade consultations

Choi Sang-mo, South Korea's Deputy Prime Minister of Economy and Minister of Strategy and Finance, said on the 22nd on the upcoming "2+2" trade talks between South Korea and the United States that he will use this to promote the new development of the South Korea-US alliance. Choi Sang-mu said the above to media reporters before departing for the United States at Incheon International Airport on the same day. During his visit to the United States, he will attend the "2+2" trade talks between South Korea and the United States and the G20 Finance Ministers and Central Bank Governors Meeting. Choi Sang-mok's remarks demonstrate his will to further consolidate the ROK-US alliance and expand it to the economic and trade fields. South Korea and the United States will hold trade talks on the 24th in a "2 2" format, which will be attended by Choi Sang-mo, Minister of Trade, Industry and Energy Ahn Degeun, as well as U.S. Treasury Secretary Scott, and Office of the Trade Representative (USTR) Representative Jamison Greer. The consultations were proposed by the US side, and the two sides will hold consultations on hot economic and trade issues.

5. The 4th Abu Dhabi Electric Vehicle Innovation Summit opens, and China and Abu Dhabi deepen cooperation in the field of new energy

From April 21 to April 23 local time, the 4th Abu Dhabi Electric Vehicle Innovation Summit was held at the Abu Dhabi National Exhibition Center. The summit demonstrated the UAE's commitment to "net zero" emissions and its confidence in deepening cooperation with China in this area. At the opening ceremony on April 21, the UAE's Deputy Minister of Energy and Infrastructure, Sharif Olama, reaffirmed the UAE's commitment to the 2025 Net Zero Strategy, emphasizing the UAE's nationwide EV charging network. In an interview with reporters, Sharif Olama also said that the US tariff policy will not have any impact on the long-term strategic cooperation between China and Argentina. In recent years, the number of electric vehicles imported from China has increased significantly, and the quality and range and battery life of all electric vehicles are excellent.

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