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June 30th Qingqiao Morning Post | First Economic Dialogue between the United States and Vietnam
Release time:2024-06-30 Source: Qingqiao Number of views:

good morning

Although we reside in far corners of the world, having a good friend is akin to having a good neighbor.
Today in history:113 years ago today, the Polish American poet, essayist, and literary historian Cheslav Miwosh was born. His representative works include "The Imprisoned Mind," "The Isis River Valley," "Personal Obligation," and "The Land of Urro." His works have a simple and strong style, and he does not excessively pursue form and external poetic meaning. However, his poetry has a strong infectious power. In 1980, he won the Nobel Prize for Literature.
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Politics
01Nearly 50 companies and individuals sanctioned by the United States for transferring funds to Iran

Reuters News,On June 25th,The United States announces its commitment to the near future50 companies and individuals have imposed sanctions, accusing them of transferring billions of dollars of funds to the Iranian military.It is understood that this sanction mainly targets dozens of companies located in Hong Kong, the United Arab Emirates and the Marshall Islands, as well as companies located in Iran and Türkiye. The United States has frozen all assets of these companies in the United States and prohibited Americans from dealing with them, while companies trading with these companies also face the risk of sanctions.


US Deputy Secretary of the Treasury Adejemo said in a statementThe United States is taking action against the massive shadow banking system used by the Iranian military to launder billions of dollars in oil profits and other illegal income.The United States emphasizes that,The targets of sanctions assist the Iranian Ministry of Defense and Armed Forces Logistics, as well as the composition of the Islamic Revolutionary Guard"Shadow banking network"This network is fromSince 2020, it has helped MODAFL and IRGC enter the international financial system and processed funds equivalent to billions of dollars.


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military
01North Korea Successfully Tested Multi warhead Missile Destruction Capability

According to the North Korean Central News Agency, on June 26th, the North Korean Missile Administration successfully conducted missile maneuvering combat partial departure and guidance tests. This experiment aims to ensure the ability of multiple warheads to destroy various targets. The experiment utilizes the first stage engine of a medium to long range solid fuel ballistic missile, with a flight test radius of 170 to 200 kilometers. The separated mobile warhead flies accurately towards three predetermined targets according to guidance instructions. The anti-aircraft target detector also verified the effectiveness of the decoy separated from the missile. After the test, the North Korean Missile Administration stated that the relevant technical tests have "fully entered the testing phase", which is of great significance for the upgrading of missile power and technological development of the North Korean military.


The day before, the South Korean military claimed that North Korea had tested a suspected hypersonic missile, but the missile exploded in the air. Officials from the South Korean General Staff said that the missile, suspected to be a hypersonic missile, was flying for aboutAfter 250 kilometers, it ended in failure. South Korean officials said that the launch produced more smoke than before, and there may be combustion issues with the missile, stating that it may be driven by solid propellant. The Japanese side also confirmed the launch, and their coast guard claimed that the missile had crashed into the Sea of Japan.


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Economics

01First economic dialogue between the United States and Vietnam

Washington News: On June 25th, Vietnam and the United States held their first economic dialogue in Washington and agreed to cooperate in multiple fields. US officials also emphasized that the US Vietnam relationship remains close. However, US Deputy Secretary of State Fernandez stated at the US Vietnam Economic Dialogue that the relationship between Vietnam and the United States remains strong as always, and the two countries will engage in deep cooperation around economic security, semiconductors, investment environment, digital economy, cyberspace, energy, and key minerals. It is reported that the United States and Vietnam upgraded their bilateral relationship to a comprehensive strategic partnership last year, but the United States has not yet recognized Vietnam as a market economy country. Hanoi warned that maintaining a non market economy status is very detrimental to bilateral relations.


Previously, Russian President Putin had just visited Vietnam, which attracted high attention from the United States. They immediately arranged for Assistant Secretary of State Conda to visit Hanoi, emphasizing the United States' commitment to cooperating with Hanoi to ensure the freedom and openness of the Indo Pacific region. This economic dialogue is also considered a part of defending Russia. Vietnam is currently the ninth largest trading partner of the United States, with a trade volume of124 billion US dollars.

02The EU points out that Microsoft Teams is bundled with Office and violates antitrust laws

Bloomberg News: On June 25th, the European Union preliminarily determined that Microsoft's bundling of the video application Teams with the enterprise application Office violates EU antitrust laws. Previously, Slack, a chat service that competed with Teams, accused Microsoft of automatically including Teams in its Office software, thereby depriving Slack of the opportunity to compete in a fair competition environment, which gave Teams an unfair advantage.


The EU Commissioner for Competition, Vystag, stated that maintaining competition in remote communication and collaboration tools is crucial in promoting market innovation. If confirmed, according to competition rules, Microsoft's actions will be illegal. It is reported that fines for violating antitrust laws can reach up to a maximum of10%, while Microsoft's total global revenue in the previous fiscal year was $211 billion. Microsoft President Smith stated that the company will strive to find solutions to address other concerns in the European Union.


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security

01WHO: Alcohol causes 2.6 million deaths annually

According to Agence France Presse,On June 25th,Published by the United Nations Health OrganizationNowThe latest report on alcohol and healthWeighing alcohol causesOne in 20 people dies, including drunk driving, alcohol-related violence and abuse, and various illnesses.Data shows that 2.6 million people died from drinking in 2019, accounting for 4.7% of all global deaths that year, with nearly three-quarters of them being males. In 2019, the proportion of deaths caused by alcohol consumption was the highest among the population aged 20 to 39, at 13%. WHO Director General Tedros said that alcohol use seriously damages individual health, increases the risk of chronic diseases and mental health, and leads to millions of preventable deaths every year.


The report found that in theOf all the deaths caused in 2019, an estimated 1.6 million people died from non communicable diseases. Among them, 474000 people died from cardiovascular disease and 401000 died from cancer. According to the report, excessive drinking also makes people more vulnerable to infectious diseases such as tuberculosis, HIV and pneumonia. In 2019, there were approximately200 millionPeople rely on alcohol, accounting for3.7%. Europe has the highest per capita alcohol consumption, followed by the Americas.

02Finland became the first country to implement avian influenza vaccination

Reuters reported that recently,Finland from manufacturerCSL Seqirus has purchased a preventive avian influenza vaccine that can be used by 10000 peopleThe plan is to provide preventive avian influenza vaccination for those who come into contact with animals, becoming the first country in the world to receive avian influenza vaccines. The Finnish Institute of Health and Welfare stated in a statement thatThe vaccine will be provided to individuals aged 18 or above who are at a higher risk of contracting avian influenza due to work or other circumstances.


As of now, relevant authoritiesThe avian influenza virus has not yet been found in Finns, but last year, an outbreak of avian influenza occurred in minks and foxes in most open-air fur farms in Finland, leading to485000 animals were culled.Some medical experts have stated that,The situation in Finland is very different,theyhavea large number ofFur farms, animals may eventually come into contact with wild animalsThe first person to receive vaccination may be,Fur and poultry farmsinWorkers, laboratory technicians handling avian influenza samples, and veterinarians working as animal controllers in fur farms.


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Culture
01Lancang Mekong Traditional Chinese Medicine Diagnosis, Treatment and Cultural Promotion Center unveiled in Phnom Penh

According to China News Network, on June 25th, the Lancang Mekong Traditional Chinese Medicine Diagnosis, Treatment and Cultural Promotion Center was unveiled at the Cambodia China Friendship Hospital in the capital city of Phnom Penh. This project starts from Cambodia and is based on the work of the Chinese Traditional Chinese Medicine (TCM) aid medical team in Cambodia. Leveraging the cooperation between Guang'anmen Hospital and Coasma China Cambodia Friendship Hospital, it aims to establish a regional TCM diagnosis and treatment and cultural promotion center that integrates medical diagnosis and treatment, TCM education and training, and TCM culture promotion functions. By holding free consultations, forums, training courses, and building a cultural landscape of TCM diagnosis areas, the first intergovernmental TCM clinic between China and Cambodia will be developed into a TCM exchange platform in the Lancang Mekong region.


In recent years, Guang'anmen Hospital of the Chinese Academy of Traditional Chinese Medicine has actively expanded its international cooperation areas and established cooperative relationships with countries and regions such as the United States, Singapore, Malaysia, Japan, Cambodia, etc., playing an important role in promoting traditional Chinese medicine to the world. In Cambodia, traditional Chinese medicine clinics and traditional Chinese medicine therapies are gaining increasing recognition from the local population.







Financial Newsletter
According to Xinhua Finance News, since late May, the spot price of iron ore has significantly declined, with the Platts iron ore price index dropping as low as $102.65 per ton, a cumulative decline of nearly 15.0%; The main contract for iron ore futures at Dashangsuo fell below the integer level of 800 yuan/ton, with a cumulative decline of 14.5% from the high level.


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