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00:00:40Hello everyone, this is CCTV News Channel. It's 5 AM, welcome
00:00:44to this live news broadcast . Reporters learned from the National
00:00:48Grain and Material Reserve Bureau that the national summer grain acquisition
00:00:52is approaching completion, and autumn grain acquisition preparations are underway
00:00:55.
00:00:58This year's summer grain acquisition,
00:01:14Zhongchu Grain has set up 164 purchasing points
00:01:17at the minimum purchase price in Hunan, Anhui, and other places
00:01:21to purchase grain
00:01:22.
00:01:29They are actively seizing
00:01:51This 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.
00:02:31to ensure that autumn grain is stored, preserved, and transported smoothly. Currently, grain storage capacity,
00:02:35procurement funds, personnel, equipment , etc., are all ready. It is estimated
00:02:39that this year's autumn grain peak storage will be around 350 million tons. We
00:02:43will strengthen market monitoring and information dissemination, effectively leveraging
00:02:47the grain market service center and drying facilities to help farmers reduce
00:02:50losses and increase income. The State Council Information Office held
00:02:54a series of press conferences on the theme of 155
00:02:58starting on the 17th. State broadcast.
00:03:58It gives full play to its strengths, yet also regulates its weaknesses, and manages well.
00:05:00Currently, the Chinese and US economic and trade teams are maintaining close communication
00:05:03on relevant issues, and further progress will be announced
00:05:07in due course. Recently , European Commission President Ursula von der Leyen
00:05:11made remarks about the so-called "China Shock 2.0" in her 2026
00:05:15State of the Union address. In response, a spokesperson for the Ministry of Commerce
00:05:18responded at a press conference
00:05:22. China has taken note of the
00:05:25relevant situation. Here, I would like to emphasize that China's position
00:05:29and attitude are consistent and
00:05:33clear. At the same time,
00:05:36we do not engage in microphone diplomacy, nor
00:05:40do we engage in verbal sparring
00:05:43. At the press conference, spokesman He Yadong also responded
00:05:47to the European Commission's recent release of the draft Public Procurement Law
00:05:51. China has taken note of the
00:05:54draft Public Procurement Law released by the European Commission
00:05:58. This draft includes
00:06:01European preference clauses and also requires
00:06:05the inclusion of non-market factors such as security in the bidding standards
00:06:08, excluding or restricting non-compliant
00:06:19China 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
00:06:26and industrial development , protectionist measures
00:06:30have been frequently adopted , setting up restrictive clauses
00:06:34and constantly tightening market access conditions
00:06:38. China
00:06:41urges the European side to abide by trade rules
00:06:45, maintain market openness , and revise
00:06:48the discriminatory clauses in the draft to create
00:06:52a fair, transparent, and non-discriminatory business
00:06:55environment for enterprises to invest
00:06:59and operate in Europe . China will
00:07:02closely follow the EU's legislative process and promptly
00:07:06assess the relevant impacts
00:07:08.
00:07:19You 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
00:07:23of the Iran Sanctions Committee . The result of the vote on this
00:07:27draft resolution tabled by the United States was 11 votes in favor
00:07:30, two against , and two abstentions.
00:07:34Permanent members of the Security Council, Russia and China, voted against
00:07:38it, and the draft resolution was rejected . Before the vote, Russia and
00:07:56the Iran nuclear issue have been removed from the Security Council's agenda. The US Federal Reserve Committee concluded its two-day monetary policy
00:07:59meeting on the 16th and announced that it would raise the target range
00:08:03for the federal funds rate by 25 basis points
00:08:07to 3.75%.
00:08:10This is the US Fed since 2023.
00:08:46The economic forecast released by the Fed on the same day shows that Fed officials
00:08:50slightly 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
00:08:573.8% in June to 4.1%.
00:09:01The median forecasts for the federal funds rate in 2027 and 2028
00:09:05both rose by 50 basis points. The three major US stock indexes
00:09:09all closed lower on the same day , according to the White House spokesperson.
00:10:12From March 2022 to July 2023, there were 11
00:10:16rate hikes to combat high inflation . As the economy cools down,
00:10:20the Fed shifted to implementing rate cuts from September 2024 to
00:10:23December 2025.
00:10:33However, with the continued conflict in the Middle East, especially with energy prices remaining high , more and more Fed officials
00:10:36believe that further tightening is needed to curb inflation
00:10:40.
00:10:42This 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
00:10:54cost effective.
00:11:02This time, policies need to be tightened to prevent inflation expectations from becoming unanchored, and to avoid
00:11:06the 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
00:11:13act, it will damage the Fed's anti-inflation credibility. Therefore,
00:11:17it must take proactive action, rather than passively waiting until inflation further
00:11:21worsens before intervening. This rate hike also indicates that the possibility of rate hikes
00:11:25has opened up, but it does not mean that a period of consecutive rate hikes
00:11:29has definitively begun. It is a conditional rate hike or an insurance rate hike. There is indeed still a possibility
00:11:33of further rate hikes within the year , that is, if inflation remains
00:11:37stubbornly high, it may continue to raise rates, but this is not set
00:11:40in stone. If core inflation significantly falls, for example, or oil prices
00:11:44fall, or employment shows signs of cooling down, it may stop raising rates.
00:11:48Policy will be highly dependent on upcoming data
00:11:52and will not commit to such consecutive rate hikes. Rate hikes, coupled with expected
00:11:56hawkishness, will transmit through the dollar, US bond yields , capital flows, commodity
00:11:59prices, etc., to the outside world. In the future, the US dollar index
00:12:03may continue to strengthen, and US bond yields will rise. The impact on emerging
00:12:07markets is actually the greatest . After the US dollar strengthens, the pressure
00:12:11on emerging market currencies to depreciate will increase, and imported inflation
00:12:15will also rise. The cost of refinancing US dollar debt will also
00:12:19increase the risks for some economies with high foreign debt and weak foreign
00:12:23exchange reserves. Some countries also
00:12:55the shared values and partnership that have long
00:12:58been formed with the European Union, and called for both sides to further strengthen
00:13:02cooperation. He said that Canada and the EU are not allies who only
00:13:06stand together in good times . Carney began
00:13:09a three-day visit to Europe on the 15th . In addition to delivering a speech
00:13:13at the European Parliament, his itinerary also included meeting
00:13:17with British Prime Minister Burnham in the UK to discuss defense and security
00:13:21, energy, artificial intelligence , and critical minerals.
00:13:25He will also meet with French President Macron in France to discuss cooperation
00:13:29in aerospace, energy, critical metals, satellites, artificial
00:13:32intelligence, and other fields . Von der Leyen
00:13:36stated on the 16th in her 2026 State of the Union address to the European Parliament
00:13:40that President Carney is working with Canada
00:13:43to become the first associate member of the EU
00:13:47.
00:13:49Von der Leyen stated that the EU and Canada will build on the existing Comprehensive Economic
00:13:53and Trade Agreement
00:15:09Japanese Prime Minister Kishida reshuffled his cabinet on the 17th . This is Kishida's first cabinet reshuffle
00:15:13since 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
00:15:20join the cabinet for the first time in this reshuffle. The announced cabinet
00:15:24list shows that Chief Cabinet Secretary Hirokazu Matsuno, Foreign
00:15:28Minister Toshimitsu Motegi , Defense Minister Shinjiro Koizumi
00:15:32, and Finance Minister Taro Kono and others retained their positions.
00:15:35The former secretary-general of the Japan Innovation Party
00:15:43So why did the Japanese Prime Minister reshuffle
00:15:46the 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
00:16:00unchanged, maintaining the current balance of power within the party. On the other hand
00:16:04, those who are close to Kishida , such as
00:17:07With a more aggressive stance on foreign policy, the long-standing Japan Innovation Party, which advocates for expanding the military,
00:17:11has joined the cabinet. Coupled with Kishida's further marginalization of the traditional
00:17:15moderate faction within the Liberal Democratic Party, Kishida can be said to have further cleared
00:17:19the obstacles within Japan's current political system, which will help him to finalize the new version
00:17:23of the three security documents by the end of the year, completing Japan's
00:17:27re-militarization transition in terms of institutions, military power, and strategy, and further strengthening
00:17:31Japan's long-term wartime system . On the 17th,
00:17:35Swedish Prime Minister and Moderate Party leader Ulf Kristersson announced
00:17:39his resignation as Prime Minister . The Swedish Election Commission announced
00:17:42on the same day that the results of the parliamentary election showed that the party bloc
00:17:46supporting the incumbent government, composed of the Moderate Party and the Sweden Democrats,
00:17:50won 173 of the 349 seats
00:17:53, losing its parliamentary majority. The opposition party bloc
00:17:57won 176 seats . Before the new government takes
00:18:01office, 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.