GuShiio.com ① The results of China’s first anti-discrimination investigation were released: tariffs imposed on Canada ② Supreme Law Work Report: Punishing infringement of AI technology ③ South Korean President Yoon Seok Yoon was released ④ Legislative research will be strengthened in emerging areas such as artificial intelligence.
macro news
1. The Office of the Tariff Commission of the State Council issued an announcement stating that the Canadian government has announced that it will impose a 100% tariff on China’s electric vehicles starting from October 1, 2024; and a 25% tariff will be imposed on China’s steel and aluminum products starting from October 22, 2024. With the approval of the State Council, the Customs Tariff Commission of the State Council issued an announcement that starting from March 20, 2025, a 100% tariff will be imposed on rapeseed oil, oil cake, and peas originating in Canada; aquatic products and pork originating in Canada will be subject to a 25% tariff.
2. On the morning of March 8, China announced the results of its anti-discrimination investigation against Canada and announced that it would impose additional tariffs on Canada. This means that the results of the first anti-discrimination investigation initiated by China are released. Six major associations, including China Minmetals and Chemicals Import and Export Chamber of Commerce, China Automobile Manufacturers Association, China Chamber of Commerce for Import and Export of Mechanical and Electrical Products, China Nonferrous Metals Industry Association, China Chamber of Commerce for Import and Export of Food, Native Animals, and China Iron and Steel Industry Association, immediately voiced their firm support for the Ministry of Commerce’s anti-discrimination investigation and ruling in Canada.
3. At the second plenary session of the Third Session of the 14th National People’s Congress yesterday, Zhang Jun, President of the Supreme People’s Court, delivered a report on the work of the Supreme People’s Court. The Supreme Law Work Report issued a judicial interpretation on the management of high betrothal gifts, interpreting the law with cases and promoting treatment with cases. The growth rate of marriage property disputes dropped by 14 percentage points.
4. On March 8, China announced the results of its anti-discrimination investigation into Canada and announced that it would take tax measures. A spokesperson for the Ministry of Commerce said: Despite China’s repeated objections and dissuasion, Canada has adopted unilateral restrictions on relevant electric vehicles, steel, aluminum and other products imported from China without investigation, undermining China-Canada economic and trade relations. China is strongly dissatisfied and firmly opposed. China urges Canada to immediately correct its wrong practices, lift restrictions, and eliminate adverse effects.
industry news
1. At the second plenary session of the Third Session of the 14th National People’s Congress yesterday, Zhang Jun, President of the Supreme People’s Court, delivered a report on the work of the Supreme People’s Court. The work report of the Supreme People’s Court revealed that services develop new productive forces. Properly hear cases involving artificial intelligence disputes in accordance with the law, support the application of artificial intelligence in accordance with the law, punish infringements using artificial intelligence technology, and promote standardized and orderly development.
2. The work report of the Standing Committee of the National People’s Congress was submitted to the Third Session of the 14th National People’s Congress for review on the 8th. The report clarified the tasks for 2025, which pointed out that it is necessary to formulate a Private Economy Promotion Law, a Financial Law, and a Childcare Service Law, focusing on artificial intelligence. Strengthen legislative research in emerging areas such as digital economy, and big data.
3. In 2025, Peking University will increase the number of undergraduate enrollment places by 150 and increase the training of talents urgently needed by the country. The new enrollment quotas will be placed in Peking University’s three undergraduate colleges of Yuanpei, Information Science and Technology and Clinical Medicine of the School of Medicine. Including Peking University, at least seven “double first-class” universities have recently announced that they will expand their undergraduate enrollment this year.
4. Cai Jianchun, member of the National Committee of the Chinese People’s Political Consultative Conference and general manager of the Shanghai Stock Exchange, said in an interview that the ETFs and publicly offered REITs have broad prospects. In the next step, the Shanghai Stock Exchange will make some explorations in multiple asset class indices to meet the investment needs of investors with different risk preferences.
5. According to the news from the “Shanghai Jiading” Weixin Official Accounts on March 8, Shanghai Anting Economic Development Center and Huaxing Mitochondrial Life Sciences (Shanghai) Co., Ltd. recently signed a contract to cooperate. The project “Huaxing Mitochondrial Anting Project” with a total investment of about 1.6 billion yuan has been implemented on land related to the Bao ‘an Highway.
6. Huang Runqiu, Minister of Ecology and Environment, introduced at the second “Ministerial Channel” of the Third Session of the 14th National People’s Congress on March 8 that new productivity is booming. Over the years, the installed capacity of renewable energy has exceeded 3 for two consecutive years. 100 million kilowatts, reaching a record 7.2 billion kilowatts last year, and the proportion of new energy vehicles in market sales also exceeded 40%.
7. Recently, the price of waste paper in many places has increased significantly. Data shows that the increase per ton in the short term will reach nearly 100 yuan. For example, the price of waste paper in Taiyuan rose from 890 yuan/ton on March 3 to 980 yuan/ton on March 7.
company news
1. TSMC launched a campus recruitment campaign on March 8 and expects to recruit 8000 people in Taiwan this year.
2. According to the news of Industrial and Commercial Bank of China on March 8, it took the lead in completing the privatization deployment of DeepSeek’s latest open source model.
global market
1. South Korean President Yoon Seok Yoon was released on March 8 local time and left Seoul Detention Center. It has been 52 days since Yin Xiyue was arrested on January 15, 2025 to yesterday morning.
2. According to a report by the Islamic Republic of Iran News Agency on the 7th local time, Iranian Foreign Minister Aragzi said on the same day that Iran’s nuclear program could not be destroyed by a military attack. He warned that if Israel attacked Iran, it would lead to a broader conflict in the Middle East.
3. The media quoted a statement from the National Geospatial Intelligence Agency on Friday as reporting that the National Geospatial Intelligence Agency has temporarily cut off Ukraine’s access to satellite images collected by the U.S. government.
