CCTV13 — broadcast
20260917 210000 UTC
155 transcript segments
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[00:00:40] Hello everyone, this is CCTV News Channel. It's 5 AM, welcome
[00:00:44] to this live news broadcast . Reporters learned from the National
[00:00:48] Grain and Material Reserve Bureau that the national summer grain acquisition
[00:00:52] is approaching completion, and autumn grain acquisition preparations are underway
[00:00:55] .
[00:00:58] This year's summer grain acquisition,
[00:01:14] Zhongchu Grain has set up 164 purchasing points
[00:01:17] at the minimum purchase price in Hunan, Anhui, and other places
[00:01:21] to purchase grain
[00:01:22] .
[00:01:29] They are actively seizing
[00:01:51] This is the large tea line of the mountain. Everyone can see that above my head is a brand new grain storage facility with a height of more than 20 meters.
[00:02:31] to ensure that autumn grain is stored, preserved, and transported smoothly. Currently, grain storage capacity,
[00:02:35] procurement funds, personnel, equipment , etc., are all ready. It is estimated
[00:02:39] that this year's autumn grain peak storage will be around 350 million tons. We
[00:02:43] will strengthen market monitoring and information dissemination, effectively leveraging
[00:02:47] the grain market service center and drying facilities to help farmers reduce
[00:02:50] losses and increase income. The State Council Information Office held
[00:02:54] a series of press conferences on the theme of 155
[00:02:58] starting on the 17th. State broadcast.
[00:03:58] It gives full play to its strengths, yet also regulates its weaknesses, and manages well.
[00:05:00] Currently, the Chinese and US economic and trade teams are maintaining close communication
[00:05:03] on relevant issues, and further progress will be announced
[00:05:07] in due course. Recently , European Commission President Ursula von der Leyen
[00:05:11] made remarks about the so-called "China Shock 2.0" in her 2026
[00:05:15] State of the Union address. In response, a spokesperson for the Ministry of Commerce
[00:05:18] responded at a press conference
[00:05:22] . China has taken note of the
[00:05:25] relevant situation. Here, I would like to emphasize that China's position
[00:05:29] and attitude are consistent and
[00:05:33] clear. At the same time,
[00:05:36] we do not engage in microphone diplomacy, nor
[00:05:40] do we engage in verbal sparring
[00:05:43] . At the press conference, spokesman He Yadong also responded
[00:05:47] to the European Commission's recent release of the draft Public Procurement Law
[00:05:51] . China has taken note of the
[00:05:54] draft Public Procurement Law released by the European Commission
[00:05:58] . This draft includes
[00:06:01] European preference clauses and also requires
[00:06:05] the inclusion of non-market factors such as security in the bidding standards
[00:06:08] , excluding or restricting non-compliant
[00:06:19] China attaches great importance to this. Since this year, the EU has continuously withdrawn from the cybersecurity law , the revised Industrial Acceleration Act
[00:06:23] , and the Public Procurement Act . Under the guise of cybersecurity
[00:06:26] and industrial development , protectionist measures
[00:06:30] have been frequently adopted , setting up restrictive clauses
[00:06:34] and constantly tightening market access conditions
[00:06:38] . China
[00:06:41] urges the European side to abide by trade rules
[00:06:45] , maintain market openness , and revise
[00:06:48] the discriminatory clauses in the draft to create
[00:06:52] a fair, transparent, and non-discriminatory business
[00:06:55] environment for enterprises to invest
[00:06:59] and operate in Europe . China will
[00:07:02] closely follow the EU's legislative process and promptly
[00:07:06] assess the relevant impacts
[00:07:08] .
[00:07:19] You are watching News Live. The UN Security Council failed to adopt a resolution on the 17th to authorize the extension of the mandate of the expert panel
[00:07:23] of the Iran Sanctions Committee . The result of the vote on this
[00:07:27] draft resolution tabled by the United States was 11 votes in favor
[00:07:30] , two against , and two abstentions.
[00:07:34] Permanent members of the Security Council, Russia and China, voted against
[00:07:38] it, and the draft resolution was rejected . Before the vote, Russia and
[00:07:56] the Iran nuclear issue have been removed from the Security Council's agenda. The US Federal Reserve Committee concluded its two-day monetary policy
[00:07:59] meeting on the 16th and announced that it would raise the target range
[00:08:03] for the federal funds rate by 25 basis points
[00:08:07] to 3.75%.
[00:08:10] This is the US Fed since 2023.
[00:08:46] The economic forecast released by the Fed on the same day shows that Fed officials
[00:08:50] slightly raised their forecasts for inflation and economic growth this year
[00:08:54] , and the median forecast for the federal funds rate this year increased from
[00:08:57] 3.8% in June to 4.1%.
[00:09:01] The median forecasts for the federal funds rate in 2027 and 2028
[00:09:05] both rose by 50 basis points. The three major US stock indexes
[00:09:09] all closed lower on the same day , according to the White House spokesperson.
[00:10:12] From March 2022 to July 2023, there were 11
[00:10:16] rate hikes to combat high inflation . As the economy cools down,
[00:10:20] the Fed shifted to implementing rate cuts from September 2024 to
[00:10:23] December 2025.
[00:10:33] However, with the continued conflict in the Middle East, especially with energy prices remaining high , more and more Fed officials
[00:10:36] believe that further tightening is needed to curb inflation
[00:10:40] .
[00:10:42] This rate hike is essentially a preemptive tightening, with the focus on re-committing to the fight against inflation
[00:10:46] . We see that the pace of core inflation in the US has not fallen as expected
[00:10:50] , and the geopolitical conflict in the Middle East has pushed up international oil prices, making this energy
[00:10:54] cost effective.
[00:11:02] This time, policies need to be tightened to prevent inflation expectations from becoming unanchored, and to avoid
[00:11:06] the entrenchment of high inflation. This time, there is also a consideration of policy credibility
[00:11:09] , which is that if inflation repeatedly resurfaces, but the Fed does not
[00:11:13] act, it will damage the Fed's anti-inflation credibility. Therefore,
[00:11:17] it must take proactive action, rather than passively waiting until inflation further
[00:11:21] worsens before intervening. This rate hike also indicates that the possibility of rate hikes
[00:11:25] has opened up, but it does not mean that a period of consecutive rate hikes
[00:11:29] has definitively begun. It is a conditional rate hike or an insurance rate hike. There is indeed still a possibility
[00:11:33] of further rate hikes within the year , that is, if inflation remains
[00:11:37] stubbornly high, it may continue to raise rates, but this is not set
[00:11:40] in stone. If core inflation significantly falls, for example, or oil prices
[00:11:44] fall, or employment shows signs of cooling down, it may stop raising rates.
[00:11:48] Policy will be highly dependent on upcoming data
[00:11:52] and will not commit to such consecutive rate hikes. Rate hikes, coupled with expected
[00:11:56] hawkishness, will transmit through the dollar, US bond yields , capital flows, commodity
[00:11:59] prices, etc., to the outside world. In the future, the US dollar index
[00:12:03] may continue to strengthen, and US bond yields will rise. The impact on emerging
[00:12:07] markets is actually the greatest . After the US dollar strengthens, the pressure
[00:12:11] on emerging market currencies to depreciate will increase, and imported inflation
[00:12:15] will also rise. The cost of refinancing US dollar debt will also
[00:12:19] increase the risks for some economies with high foreign debt and weak foreign
[00:12:23] exchange reserves. Some countries also
[00:12:55] the shared values and partnership that have long
[00:12:58] been formed with the European Union, and called for both sides to further strengthen
[00:13:02] cooperation. He said that Canada and the EU are not allies who only
[00:13:06] stand together in good times . Carney began
[00:13:09] a three-day visit to Europe on the 15th . In addition to delivering a speech
[00:13:13] at the European Parliament, his itinerary also included meeting
[00:13:17] with British Prime Minister Burnham in the UK to discuss defense and security
[00:13:21] , energy, artificial intelligence , and critical minerals.
[00:13:25] He will also meet with French President Macron in France to discuss cooperation
[00:13:29] in aerospace, energy, critical metals, satellites, artificial
[00:13:32] intelligence, and other fields . Von der Leyen
[00:13:36] stated on the 16th in her 2026 State of the Union address to the European Parliament
[00:13:40] that President Carney is working with Canada
[00:13:43] to become the first associate member of the EU
[00:13:47] .
[00:13:49] Von der Leyen stated that the EU and Canada will build on the existing Comprehensive Economic
[00:13:53] and Trade Agreement
[00:15:09] Japanese Prime Minister Kishida reshuffled his cabinet on the 17th . This is Kishida's first cabinet reshuffle
[00:15:13] since taking office in October last year . The ruling party of Japan
[00:15:17] , the Liberal Democratic Party's ruling partner , the Japan Innovation Party, had its members
[00:15:20] join the cabinet for the first time in this reshuffle. The announced cabinet
[00:15:24] list shows that Chief Cabinet Secretary Hirokazu Matsuno, Foreign
[00:15:28] Minister Toshimitsu Motegi , Defense Minister Shinjiro Koizumi
[00:15:32] , and Finance Minister Taro Kono and others retained their positions.
[00:15:35] The former secretary-general of the Japan Innovation Party
[00:15:43] So why did the Japanese Prime Minister reshuffle
[00:15:46] the cabinet this time? Let's hear the expert's analysis
[00:15:48] . First , it is to further consolidate his power at the anniversary
[00:15:52] . Key positions in this reshuffle, such as the Secretary-General of the Liberal Democratic Party
[00:15:56] , the Foreign Minister, and the Defense Minister, basically remained
[00:16:00] unchanged, maintaining the current balance of power within the party. On the other hand
[00:16:04] , those who are close to Kishida , such as
[00:17:07] With a more aggressive stance on foreign policy, the long-standing Japan Innovation Party, which advocates for expanding the military,
[00:17:11] has joined the cabinet. Coupled with Kishida's further marginalization of the traditional
[00:17:15] moderate faction within the Liberal Democratic Party, Kishida can be said to have further cleared
[00:17:19] the obstacles within Japan's current political system, which will help him to finalize the new version
[00:17:23] of the three security documents by the end of the year, completing Japan's
[00:17:27] re-militarization transition in terms of institutions, military power, and strategy, and further strengthening
[00:17:31] Japan's long-term wartime system . On the 17th,
[00:17:35] Swedish Prime Minister and Moderate Party leader Ulf Kristersson announced
[00:17:39] his resignation as Prime Minister . The Swedish Election Commission announced
[00:17:42] on the same day that the results of the parliamentary election showed that the party bloc
[00:17:46] supporting the incumbent government, composed of the Moderate Party and the Sweden Democrats,
[00:17:50] won 173 of the 349 seats
[00:17:53] , losing its parliamentary majority. The opposition party bloc
[00:17:57] won 176 seats . Before the new government takes
[00:18:01] office, the current government will continue to serve as a caretaker government
[00:18:05] . This section of the news. AI-powered also offers highly efficient power.