Today's data selection: Russia confirms that Prigoren died in a plane crash; Stamp duty on securities trading lowered again after nearly 15 years in China | supply chain | crash
The Russian side confirms that Prigoren died in a plane crash
The Russian Federation Investigation Commission has announced that genetic analysis of the body in the plane crash in Tver Oblast has been completed, and the results show that the identities of all 10 victims have been determined and match the list of flight personnel.
The stamp duty on securities trading has been lowered again after nearly 15 years
On the evening of August 27th, the Ministry of Finance and the State Administration of Taxation announced that in order to activate the capital market and boost investor confidence, the stamp duty on securities trading will be reduced by half from August 28, 2023. From the perspective of market impact, all previous reductions in stamp duty rates for securities transactions have had a good boosting effect on the capital market. According to the first financial analysis, on April 24, 2008, the stamp duty rate for securities trading was lowered from 3 ‰ to 1 ‰, boosting the Shanghai Composite Index by 9.29%. On September 19, 2008, the stamp duty on securities trading was changed from bilateral collection to unilateral collection, which boosted the Shanghai Composite Index by 9.45%.
Fanchen Group's First Women's Doubles Triple Crown in World Championships
At the women's doubles final of the 2023 Badminton World Championships, which just ended last night Beijing time, top seed and defending champion Chinese players Chen Chenchen/Jia Yifan easily defeated Indonesian pair Lahayu/Ramadanti 2-0. While winning the only championship for the Chinese team at this year's World Championships, they also created the first three consecutive women's doubles championships in the history of the Badminton World Championships.
US Report: The US may ultimately be unable to reduce its dependence on China's supply chain
Bloomberg reported on the 26th local time that China is still embedded in the US supply chain, according to reports from two economists from Harvard Business School and Tucker Business School at Dartmouth University. Although direct imports from China have been reduced, the industrial chain has been redistributed between China, Vietnam, and Mexico, and the indirect supply chain connection between the United States and China remains intact, even strengthened. Two American economists have issued two warnings that recent US policies promoting supply chain restructuring may ultimately fail to reduce dependence on China; In addition, the continuous reconfiguration of global supply chains has led to rising costs. On the 27th, Bai Ming, a researcher at the Research Institute of the Ministry of Commerce, told reporters that the global supply chain is based on market economy laws and prioritizes efficiency in the allocation of production factors on a global scale. It is difficult to be disrupted or restructured by political factors. Bai Ming believes that the US government subjectively vigorously promotes decoupling and disconnection, but in reality it is difficult to achieve.
The EU Digital Services Law has officially come into effect, affecting multiple technology giants
On August 25th local time, the EU's Digital Services Law was officially implemented, which covers various aspects such as social media censorship, e-commerce advertising push, and cracking down on counterfeit goods. The regulation aims to ensure the safety of users during use, prevent the spread of harmful content that is illegal or violates platform service terms, and protect user privacy. Companies that violate the Digital Services Act may face a fine of 6% of their global revenue, which could reach billions of euros. In the event of repeated serious violations, the company involved may be prohibited from operating in the EU market. According to reports, about 20 technology companies, including Amazon, Apple, Google, Meta, Microsoft, and others, will be affected by the Digital Services Act, including multiple social media platforms such as Facebook and X.