1.Three breaking news in one day in Communist China’s real estate market
On March 3, Ni Hong, vice minister of the Ministry of Housing and Urban-Rural Development, said “The local government should fully understand the importance of the smooth and healthy development of the real estate market and the awareness of the house being used to live not for overinvestment”.
On the same day, Hangzhou real estate market development office issued the “Notice on further standardizing the order of the real estate market” which put strict inspection of business loans, consumer loans and other requirements. The regulation is only one month apart from the previous round. Shanghai also released a new policy on the same day to restrict the housing sales and strengthen the management of commodity housing transactions.
Comments: The real estate market in Communist China is about to crash. It’s too late to supervise.
2.The CCP bought 83.57 million tons of oil from Russia last year
According to the latest report of the Russian satellite news agency on March 1, the Russian Ministry of economic development and trade documents show that since March 1, Russia’s heavy oil export taxes were raised by $5.8, rose to $49.6 per ton (about 321 yuan). Light oil and bright oil export taxes were raised from $13.1/ton to $14.8/ton.
3.Three Departments of CCP jointly issued standard to promote food savings
Beijing, March 3 – the General Administration of market supervision, the Ministry of Commerce, the Ministry of Culture and Tourism recently jointly issued “The opinions of standard to promote food savings against waste”, aiming to develop and implement important food standards on catering enterprises, network catering, tourism catering with eight specific measures to promote food savings.
Comment: The standard above clearly shows a food crisis intensified in Communist China. Never believe CCP’s propaganda saying that “the National Bureau of Statistics data on December 10 show that in 2020 the total grain output of the country was 669.5 billion KGs, an increase of 5.65 billion KGs over the previous year, an increase of 0.9%.
4.ASML extends sales deal with Chinese chipmaker SMIC to end of 2021
(Reuters) – ASML Holding NV has extended a deal to sell chip manufacturing equipment to Semiconductor Manufacturing International Corp, China’s largest chipmaker, until the end of this year, the Dutch company said in a statement on Wednesday.
ASML made the statement after SMIC on Wednesday disclosed a volume purchase agreement under which it has already spent $1.2 billion with the toolmaker. In a clarifying statement issued several hours later, ASML said the agreement began in 2018 and was slated to expire at the end of 2020, but the two companies agreed in February to extend the deal to the end of this year.
5.Communist China chip companies’s IPO dream broke
In 2020, a bunch of so-called “hard-core technology” or “high valuation” of artificial intelligence and chip companies lined up to be listed. However, with more stringent audits in the new year, those chip companies began to give up their dreams of getting rich overnight. According to the official website of the Shanghai Stock Exchange, from December 12, 2020 to March 2, 2021, a total of 34 enterprises terminated the audit for IPO.
Comment: CCP’s “Great Leap Forward” in chips business faced setback.
6.Google announces major shift away from precision-targeting of ads
Google had previously announced plans to eliminate a technology called third-party cookies, saying its Chrome browser would no longer use it by 2022. The search giant now says that it will not create or use any other tools that identify individual users for advertising purposes.
7.Global bond rout puts BOJ’s yield curve control in spotlight
TOKYO (Reuters) – The Bank of Japan’s success in controlling the shape of the bond market’s yield curve could tempt other central banks to consider deploying similar tactics as they grapple with a rise in borrowing costs that could cripple their economies.
The Japanese central bank has kept bond yields largely pinned inside a narrow range around 0%, since it adopted its yield curve control (YCC) policy in 2016. The merits of the policy are clear. By shifting to targeting yields, the BOJ could buy fewer bonds than under its massive bond-buying programme many analysts saw as unsustainable.
By 【Financial Team – 小蚂蚁在行动】
News Collection: 文罡, Sharon