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The Federal Reserve announces! 50 basis points cut, Powell's heavyweight statement!
The Fed's interest rate cut is finally here!
Mainland China's industrial crude oil production in August increased by 2.1% annually, while crude oil imports decreased by 7%.
According to the National Bureau of Statistics, the production of coal, crude oil, natural gas, and electrical utilities in the large-scale industrial sector (hereinafter referred to as the large-scale industry) showed steady growth in August. Coal production remained stable. In August, the coal production of large-scale industry was 0.4 billion tons, with a year-on-year growth of 2.8%, and the growth rate was the same as that in July; the daily output was 12.792 million tons. Coal imports were 45.84 million tons, with a year-on-year growth of 3.4%. In the first eight months, the coal production of large-scale industry was 3.05 billion tons, with a year-on-year decline of 0.3%. Coal imports were 0.34 billion tons, with a year-on-year growth of 11.8%. Crude oil production remained stable. In August, the crude oil production of large-scale industry was 17.83 million tons.
China Shenhua Energy Co. Releases Operational Update
China Shenhua (01088.HK) sold 38.7 million tons of coal in August.
On August 2024, China Shenhua Energy (01088.HK) announced that the coal production reached 27.8 million tons, with coal sales volume of 38.7 million tons, remaining unchanged compared to the previous year.
Express News | China Shenhua Energy's coal sales volume in August was 38.7 million tons.
National Development and Reform Commission: Improve the mechanism for determining factor prices mainly based on market supply and demand, and promote price reforms in areas such as water, energy, and transportation.
According to internal reports, the State Development and Reform Commission's Comprehensive Department of Institutional Reform issued a document stating that it is promoting the construction of a unified national market and facilitating the circulation of the national economy. It aims to regulate improper market competition and market intervention, implement the "Regulations on Fair Competition Review," strengthen anti-monopoly and anti-unfair competition, regulate local investment attraction regulations, and improve bidding system rules. It will strengthen unified market supervision, enhance the comprehensive market supervision capabilities and levels, and improve the national standard system. It will also improve the factor market system and rules, improve the mechanism for determining the prices of factors primarily through market supply and demand relationships, and promote price reforms in water, energy, transportation, and other fields. It will improve the distribution system.
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