Blog
11 August, 2021

Taliban captured 9 provincial capitals in 6 days, Biden: Do not regret withdrawing troops

[Text/Observer Net Qi Qian] After the U.S. forces began to withdraw, the Taliban in Afghanistan increased their offensives on the capital cities and key northern areas, and the government forces retreated steadily. On August 10, Atta occupied Farah City, the capital of the western Farah Province, and Pulhumli City, the capital of Baghlan Province in the north, and approached the capital Kabul.

In addition, according to the Afghan Taliban spokesperson Zabiullah Mujahid tweeted on the 11th, Atta has "conquered" the northeastern province of Badakhshan. The US "New York Times" stated that Atta had already occupied Faizabad, the capital of Badakhshan Province. This means that since last Friday (6th), in 6 days, Atta has occupied 9 capital cities.

On the afternoon of the 10th, US President Biden told reporters at the White House that he did not regret the decision to withdraw troops. He said that the number of Afghan government troops far exceeds the Taliban, and they "must fight for themselves and for the country."

Atta and government forces continue to exchange fire in Baghlan Province, pictured from Al Jazeera

Biden: The Afghan government forces must fight for themselves

According to the White House website, on the afternoon of August 10, local time, Biden held a press conference at the White House. He said that the United States will continue to fulfill its obligations to Afghanistan, but the Afghan government should fight the Taliban for its own country.

At the press conference, a reporter asked, in just a few days, many cities in Afghanistan were occupied by the Taliban. Will the current U.S. withdrawal plan be changed? In May of this year, the United States began to withdraw its troops from Afghanistan and plans to withdraw completely before September 11.

Biden replied that the United States will continue to complete its withdrawal plan. He said that the United States has spent more than $1 trillion in Afghanistan in the past 20 years, trained and equipped more than 300,000 Afghan soldiers, and lost tens of thousands of American personnel.

"The Afghan leaders must unite. They must fight for themselves and for the country." Biden then added, "The United States will continue to fulfill its own obligations: provide intensive air support and ensure that its air force functions properly and properly. Combat strength, supply food and equipment for their troops, and pay all their wages."

Biden finally emphasized that he does not regret making the decision to withdraw troops. The Afghan army should fight, and their numbers far exceed the Taliban.

The US "New York Times" reported that Biden has been advocating the withdrawal of troops from Afghanistan for many years.

In 2009, the then-Vice President of the United States Biden advocated reducing the size of the troops in Afghanistan to a minimum, but this proposal was rejected by Obama. In April of this year, Biden, who has entered the White House, made the decision to withdraw troops.

Atta won 9 provincial capitals within 5 days, approaching Kabul

On August 10, the Afghan Taliban spokesman Zabiullah Mujahid posted on Twitter that the Taliban had captured the city of Farah, the capital of the western Farah Province. Farah is the second largest capital city in southwestern Afghanistan occupied by the organization.

Fara Provincial Councillor Shahra Abu Bakr told AFP reporters that this afternoon, after a brief exchange of fire with the Afghan security forces, the Taliban entered the city of Fara and occupied the governor’s office and police headquarters. The security forces have retreated outside the city. Of a military base.

Later that day, Zabiullah Mujahid once again tweeted that the Taliban had won the city of Pulhumli, the capital of the northern Baghlan Province. On August 11, Zabiullah Mujahid said in a tweet that Atta had "conquered" Badakhshan province in the northeast.

The US "New York Times" stated that Atta had already occupied Faizabad, the capital of Badakhshan Province. This means that since last Friday (6th), in 6 days, Atta has occupied 9 capital cities. There are 34 provinces in Afghanistan.

Atta captured the first capital city on the 6th-Zaranj, the capital of Nimruz Province in the southwest. On the 7th, Atta captured the city of Shebergan, the capital of the northern Juzcan Province. On the same day, several positions of the organization were attacked by US troops. On the 8th, Ata captured the capitals of three provinces (Kunduz, Sarpur and Tahar) in one day, including the strategic northeastern city of Kunduz. On the 9th, he took the capital of the northern province of Samangan. Ibak City.

Al Jazeera reported that local sources confirmed the news. The "fall" of the city of Pulhumli allowed the Taliban to occupy a third of the capital of Afghanistan's northern border provinces.

At the same time, Atta also launched an offensive against Mazar-i-Sharif, the capital of the northern Balkh province, and continued fierce fighting with government forces. Mazar-e-Sharif is the largest city in northern Afghanistan and one of the pillars of the Afghan government's control of the northern part of the country.

Since the U.S. military withdrew in May, the Afghan Taliban have controlled nearly half of the country's territory and recently launched a full-scale offensive on the provincial capital. A senior EU official told Reuters on the 10th that Atta now controls 65% of Afghanistan’s territory, threatens to occupy 11 provincial capitals, and tries to take the Afghan capital Kabul.

Al Jazeera pointed out that for Atta, the "fall" of Pulkumri was a "significant development"; but for the government forces, Atta was closer to Kabul, "this is a worrying issue." .

The red boxes are the capitals of 9 provinces controlled by Atta

Pulekumri is about 200 kilometers away from Kabul

"Biden does not believe that the Taliban's occupation of Kabul is a certainty"

At a regular press conference on August 10, White House spokesman Psaki said that Biden does not believe that the Afghan Taliban’s occupation of Kabul is a certainty. He urged the Afghan government forces to use the help of the United States to launch a counterattack.

When asked if Biden was frustrated with the situation in Afghanistan, Psaki said that the withdrawal was a difficult decision made by Biden, but that it was to get the US troops home and that the Afghan government forces could use it to counterattack. Equipment, quantity and training.

Psaki said: "Biden still believes that the Taliban's occupation of Kabul or the whole of Afghanistan is not a certainty. At this stage, the Afghan government should make up its political resolve and launch a counterattack."

She added that the United States believes that the Afghan government must "play the role of the training, assistance, and security training it previously provided."

During the withdrawal period, the U.S. military has been carrying out air strikes on Atta to support the government forces. A spokesman for the US Department of Defense said that the air strikes created a deterrent to the Taliban, but he acknowledged that air strikes have limitations. "No one thinks that air strikes are a panacea for all the problems on the ground."

According to the New York Times, the Biden administration and the military have not agreed on whether the United States will continue air strikes after the withdrawal is over. Two U.S. officials who did not want to be named revealed on the 9th that if the Taliban were to take Kabul, Biden might be "forced to take action."

Al Jazeera quoted a report from the European Union that approximately 400,000 people have been internally displaced in Afghanistan in recent months. As the situation continues to be tense, the Afghan government urges European countries to stop deporting Afghan citizens within three months.

Austria, Belgium, Denmark, Germany, Greece and the Netherlands rejected this request. According to a report by Euronews.com on the 10th, the six countries wrote to the European Commission stating that the cessation of repatriation "sends the wrong signal and may prompt more Afghan citizens to leave their homes for the European Union."

On August 10, a multilateral conference on the Afghan peace process was held in Doha, the capital of Qatar. Representatives from China, the United States, Pakistan, the United Nations, and relevant Afghan-related parties will exchange views on the situation in Afghanistan and advancing the peace process in Afghanistan. Yue Xiaoyong, Special Envoy for Afghanistan Affairs of the Chinese Ministry of Foreign Affairs, was invited to attend the meeting.

According to the US State Department’s statement on the 9th, Zalme Khalilzad, Special Representative of the US Government for Reconciliation Affairs in Afghanistan, attended the meeting to try to persuade the Afghan Taliban to stop the military offensive and at the same time negotiate a political settlement.

On the 11th, the China-US-Russia-Pakistan Quartet Meeting on Afghanistan will also be held in Doha. The representatives of China, the United States, Russia and Pakistan will continue to discuss the issue of Afghanistan. The Quartet representatives also plan to hold talks with representatives of the Afghan government and the Taliban who are conducting intra-Afghan peace talks in Doha.


"Fight for yourself!" The Taliban captured 8 provincial capitals, and Biden "cheered" for the Afghan government

According to Russian RT News, the Taliban has seized 2 more capital cities in Afghanistan in just 4 days. So far, the Taliban has controlled 8 major cities. Biden "cheered" for the Afghan government. He said that Afghans should fight for themselves.

Report title screenshot

According to reports, on August 10, local time, the Taliban occupied two important cities in Baghlan Province, one of which was only 125 miles (200 kilometers) away from Kabul, the capital of Afghanistan. Afghan officials confirmed to Al Jazeera and Agence France-Presse reporters that the two cities have fallen.

Baghlan MP Mamoor Ahmadzai told AFP reporter: "The Taliban has now occupied the city." He also added that the Taliban raised their flags in the city's main square and the governor's office building.

In response to the recent progress made by the Taliban, US President Joe Biden said: "He does not regret his decision to withdraw troops from Afghanistan." He said that the withdrawal plan will not change. He also asked the Afghan government to unite to defend their country, and they have enough equipment to do this.

Biden said at the press conference: "In the past 20 years, we have spent US$1 trillion to train and equip more than 300,000 Afghan soldiers. You are not helpless. Afghan leaders must unite. Because of the war in Afghanistan, we have suffered heavy casualties and lost thousands of Americans. The Afghan government must fight for itself and fight for their country."

Under the fierce attack of the Taliban, the Afghan army has basically surrendered. Russian media believe that the Taliban may expand its sphere of influence in the next few days. The Taliban announced on August 10 local time that they are about to enter Feizabad, the capital of Badakhshan Province. Mazar-i-Sharif, the main city of Balkhshan Province, was also attacked, but the Afghan government stated that they repelled the Taliban in Mazar-i-Sharif.

According to the report, although the Pentagon stated that more than 90% of the U.S. withdrawal plan from Afghanistan has been completed, the U.S. air strikes against the Taliban have increased substantially. A US official told the New York Times: “If the insurgents seriously threaten Kabul or Kandahar, the Pentagon may attack the Taliban again in the next few months. This makes people doubt whether the US really intends to leave Afghanistan before September 11. ."


The Australian Prime Minister has received warnings from two "predecessors"!

"Turnbull and Rudd warned the government not to manipulate politics in relations with China" , the British "Guardian" reported on the 10th, the two former prime ministers of Australia-Rudd and Malcolm Turnbull Urge the Australian government not to strengthen its speech against China for domestic political purposes. In their view, this may damage social cohesion.

(Screenshot of "Guardian" report)

According to reports, the two made the above remarks at a seminar held by La Trobe University on the evening of the 10th local time. During the period, the two reflected on the deteriorating relationship between Australia and China and its possible impact on 1.2 million Chinese Australians.

Regarding the situation of Chinese in Australia, the “Guardian” said that in March this year, a survey conducted by the Australian think tank Roy Institute for International Policy on the Australian Chinese community found that nearly one-fifth of the respondents had been in the past year. He has been threatened or attacked because of his Chinese identity.

Kevin Rudd starts with the mission of the organization he currently holds.

The report mentioned that at the seminar, Rudd mentioned some concerns in the United States, that is, some words about China have made "Asian Americans dangerous on the streets." Kevin Rudd said that part of the mission of the Asia Society of America, where he serves as the chief executive officer, is "to curb the growing wave of racism in the United States against Asian Americans."

According to the report, Asian Americans have reported nearly 3,800 hate-related cases, and US President Biden has cracked down on the Anti-Asian Hate Crime Act. When talking about related issues, Rudd said: "I don't want to see this situation here."

In his view, Australian Prime Minister Morrison and Defense Dutton tend to use "excessive rhetoric" when dealing with China's complex challenges.

"When you start to use these things to manipulate domestic politics, you start to use increased fear of China as a tool to support conservative political propositions in the domestic political debates in Australia... This is when you are putting an intensity that is already ten percent. The question of five becomes the question of eight out of ten."

Turnbull also mentioned the influence of political speech. He worries that "some political speech, if used by the local right-wing media, will actually undermine the success of our multicultural society. This is very precious."

Turnbull also mentioned the possible impact of remarks in Australia-China relations and so on.

The report mentioned that Turnbull did not forget to point fingers at China at the seminar that day, accusing China of tough diplomacy.

Regarding China-Australia relations, Chinese Foreign Ministry spokesperson Zhao Lijian said in June this year that since the second half of 2017, China-Australia relations have repeatedly encountered serious difficulties. The root cause is that Australia violated international law and international relations norms and grossly interfered in China’s internal affairs and harmed China. Interests and unreasonable restrictions on exchanges and cooperation between the two countries in various fields, and the responsibility rests solely with Australia. China always believes that a healthy and stable China-Australia relationship is in the fundamental interests of the two peoples. At present, the "ball" for improving China-Australia relations is on Australia's side. It is hoped that the Australian government will uphold an objective, rational and responsible attitude, seriously think about whether it regards China as a partner or a threat, and do more in favor of mutual trust and cooperation between China and Australia. We also hope that people from all walks of life in Australia will keep their eyes open, distinguish right from wrong, take an objective view of China and China’s development, consciously resist the slander and smear of China by some people in Australia, and understand and support the cause of China-Australia friendship and cooperation.


"The U.S. government is not worthy!"

The Research Report on the Truth About the U.S. Anti-epidemic (hereinafter referred to as the "Report") was released. This is the world's first think tank report that exposes the truth about the United States' fight against the epidemic. It was jointly researched and released by three domestic think tanks. The "Report" uses a series of facts to prove that the United States is the world's number one country that has failed to fight the epidemic, the world's number one country that has failed to fight the epidemic, the number one country that has spread the epidemic, the number one country that is politically ripped, and the world's number one currency. China, the world’s first turbulent country during the epidemic, the world’s number one false information country, and the world’s number one traceable terrorist country. Previously, the US media ranked the United States first in its "Global Anti-epidemic Ranking" by changing evaluation indicators, which caused huge controversy.

These "eight firsts" show that the United States claims to be the first in the "global anti-epidemic ranking", which the international community does not agree with, and the American people do not agree. As of 6 p.m. Eastern Time on August 8, a total of 35,757,980 confirmed cases of new coronary pneumonia and 616,816 deaths have been reported across the United States. Both the number of confirmed cases and the number of deaths are astonishing. Behind the abstract figures are the wailing of the American people, the price paid by the innocent victims, and the sight of American social order falling into chaos...To sum up, all these are due to the US government's ineffective fight against the epidemic. In the prevention and control of the epidemic, the answer sheet submitted by the US government is not flattering, but it dares to rank itself first in the "Global Anti-epidemic Ranking". Such a first cannot withstand scrutiny. Such a ranking lacks credibility. It also lacks the most basic credibility.

In order to achieve the result of "America No. 1", the U.S. media did not hesitate to delete the most critical indicators of confirmed cases and deaths in the previous rankings, and regarded the implementation of lockdown and entry-exit epidemic prevention management policies as negative factors, which did not respect the facts. , Does not respect science, let alone life. The inaction and chaos of the U.S. government in the fight against the pandemic just proves that the United States is the world's first failed country in the fight against the pandemic. The American people are deeply trapped by the epidemic and have suffered a huge humanitarian disaster, which once again shows that the American party struggle is irreversibly going astray, and once again let the world see the hypocrisy of American human rights. Behind the "failure" of the U.S. government is a system failure, exposing a fundamental crisis in the U.S. system.

The timely release of the "Report" will help the world to see the true situation of the United States' fight against the epidemic, help expose the United States' anti-epidemic lies, and help expose the current bad attempts of American politicians. Some American media and politicians advocated that the United States is the so-called "world's No. 1 anti-epidemic country" because of three motives. One is to deceive the American people and fool the American people with false facts; We have done something in the fight against the epidemic and shirk the responsibility for the ineffective fight against the epidemic; the third is to stigmatize China. A big piece of evidence is that in the "Global Anti-epidemic Ranking" first published by the US media, the United States ranked first and China was ranked eighth. China's anti-epidemic effect has been remarkable, attracting worldwide attention, but in the eyes of some American media, China's anti-epidemic achievements are far behind the United States. Is this objective?

Not only did American politicians fail to reflect on themselves, but instead boasted the so-called "world's No. 1 anti-epidemic country" everywhere. What's even more despicable is that at present, some American politicians are hoping to politicize the traceability investigation of the new crown virus, targeting China directly. The implementation of "tracing terrorism" and manipulating global public opinion is doomed to fail. Just as Martin Jacques, a former senior researcher at the University of Cambridge in the United Kingdom, pointed out that the US government used the "laboratory leak theory" to make groundless accusations. "The new crown pneumonia epidemic is endowed by the United States. The Cold War zero-sum thinking and the color of political struggle". This approach exposes the sinister intentions of some US politicians and also reflects the hegemonic logic of the US government that has always been dominated by its own interests. Diverting attention will not help. The United States should take a self-portrait in the mirror. If you blindly talk about China, blindly make irresponsible remarks, and blindly interfere and mislead the international community in scientific traceability work, it will only undermine the overall situation of the international fight against the epidemic, aggravate the epidemic crisis, and cause more innocent people to pay a heavy price.

Viruses know no borders, and the epidemic is our common enemy. No country can stay outside the epidemic and take care of itself. China has always adhered to the concept of a community of human health, provided vaccines to the world, especially developing countries, and actively carried out cooperative production. China has actively promoted international anti-epidemic cooperation and demonstrated its responsibility as a major country. I would like to advise a few large countries to stop dragging on the anti-epidemic cooperation, and stop making troubles and making troubles. Actively promote the process of international vaccine cooperation and actively promote the construction of a community with a shared future for mankind, which is the right way. [Bright Times Review]


Say goodbye to Lithuania!

As expected, yesterday (August 10) China announced its decision to recall the Chinese ambassador to Lithuania and requested the Lithuanian government to recall the ambassador to China.

In the eyes of Uncle Hai, the recall of the ambassador shows that the relationship between China and Lithuania has not been directly broken off. As for whether there is a possibility of returning to normal, or getting worse, it depends on the performance of Lithuania.

website screenshotForeign Ministry Spokesperson map on the Chinese side decided to recall its ambassador to Lithuania |


01


Why does China want to do this? According to the information disclosed by the spokesperson of the Ministry of Foreign Affairs on China’s decision to recall the ambassador to Lithuania yesterday-

"Recently, the Lithuanian government has disregarded China's repeated representations and known its interests, and announced that it will allow the Taiwan authorities to establish a'representative office' in the name of'Taiwan'. This action flagrantly violates the spirit of the communiqué on the establishment of diplomatic relations between China and Lithuania, and seriously undermines China's sovereignty and territorial integrity. "

This is why China recalled the ambassador and asked Lithuania to recall the ambassador.

Embassy in Lithuania website screenshotsAugust 7, Chinese Ambassador to Lithuania Shen Zhifei entitled stand in the mainstream media, "La Repubblica", "international consensus is that Taiwan belongs to China," the signed article Figure |

Studying this passage carefully, the DPP authorities should have done a lot of work in Lithuania. Of course, China's actions are also comprehensive. Just three days before China announced the recall of the ambassador, on August 7, the ambassador to Lithuania, Shen Zhifei, also published a signed article in mainstream Lithuanian newspapers to tell Lithuania that it is an international consensus that Taiwan belongs to China!

Uncle Hai has judged that the DPP authorities’ attempt must be through the so-called "diplomatic war" to achieve the goal of establishing the so-called "diplomatic relations" between the Taiwan authorities and Lithuania. As for Lithuania, although it had previously announced that it would withdraw from the “17+1” cooperation between Central and Eastern Europe, it has made many moves in the bilateral relations between Lithuania and China, but it has not made up its mind to sever diplomatic relations with the People’s Republic of China and establish diplomatic relations with the Taiwan authorities.

Screenshot of the April 2020 report of the "Xintou Shell" website in Taiwan

Lithuania wanted to play the sideball and allowed the Taiwan authorities to set up a "representative office" in Vilnius in the name of "Taiwan". And this is something China will never admit!

As long as we cite an example that happened before, we can prove that-

In April 2020, the Dutch private organization "Dutch Trade and Investment Office" in Taiwan once wanted to change its name to "Dutch Office in Taiwan". At that time, the Chinese Embassy in the Netherlands expressed serious concerns. After that, Guy Wittich, the representative of the Dutch Trade and Investment Office, immediately announced that the Dutch private organization in Taiwan had renamed the short film. Ji Weide even argued that the “Netherlands Trade & Investment Office” (Netherlands Trade & Investment Office) was simplified to the “Netherlands Office Taipei” (Netherlands Office Taipei). In English, only “Taipei” (Taipei) is not found. "(Taiwan). It can be seen that even the veteran Western countries, and even the Netherlands, which once invaded China's Taiwan in history, are now quite cautious on the Taiwan issue.

Vilnius,

Since the disintegration of the Soviet Union, China and Lithuania established diplomatic relations on September 14, 1991. For many years since then, diplomatic relations between the two countries have developed for the better. Ordinarily, as a small country in Eastern Europe, it has always benefited from China's development. It has never had an interest entanglement on the Taiwan issue before. Lithuania has no reason to be unable to live with China on the Taiwan issue.


02


Until last year, Lithuania’s domestic anti-China congressman Sakariene began to speak frequently for the Taiwan authorities and claimed to follow Pompeo, the worst secretary of state in American history, to slander China on the Xinjiang issue. Sakarieny's statement immediately received the echo of the Taiwan authorities.

within

It can be seen that Lithuania has the manpower to support the Taiwan authorities. Its purpose is not to support the Taiwan authorities itself at all, but to act as a vanguard in the anti-China and containment of China in the United States and the West. The so-called Xinjiang human rights issue, Taiwan issue or Hong Kong issue are all the weapons they use to contain China!

Even deep in their hearts there is no basic morality at all.

On August 7, Lithuanian Deputy Foreign Minister Mantas Adomenas even lied in an interview: "Lithuania will use all means to help Taiwan within the scope of its international obligations. I hope other countries can see Lithuania’s example. Don't be afraid to support Taiwan."

·阿多梅纳斯

Therefore, China's recall of its ambassador to Lithuania is a serious warning to Lithuania.

Similar situations have happened between China and the United States. If Lithuania does not know this history, you can learn it. If you know, you should review it even more——

In 1995, because the US government allowed Lee Teng-hui to "visit the United States," China recalled the then ambassador to the United States, Li Daoyu.


03


What should Lithuania do?

In fact, the Chinese side is still giving directions. Let’s look at what the spokesperson of the Chinese Ministry of Foreign Affairs said--

"We urge the Lifang to immediately correct the wrong decision, take practical measures to eliminate the bad influence, and not go further and further on the wrong road."

This shows that up to now, China has recalled the ambassador, still showing that it hopes to limit the problem to a manageable level, and control it in the diplomatic field and not spread to other fields.

China said goodbye to Lithuania this time. Whether it can meet again or not, the next step depends on whether Lithuania will continue to go its own way.

Uncle Hai also noticed that from January to April 2021, the trade volume between Mainland China and Lithuania was US$804.570 million, an increase of US$13,9207,000 compared to the same period in 2020, an increase of 21% year-on-year. At the same time, the bilateral trade volume between Lithuania and Taiwan during the same period was 45.905 million U.S. dollars.

No wonder Shen Zhifei wrote in an article published by the Lithuanian media--

"Whether to violate the one-China principle and deliberately undermine normal state relations between neutrals at the expense of the interests of the Lithuanian state and people requires the Lithuanian government and people to make a wise choice."

Of course, in the speech of the spokesperson of the Chinese Ministry of Foreign Affairs, I also hope that people on the island will listen to this sentence-

"We also warn the Taiwan authorities that'Taiwan independence' is a dead end, and attempts to engage in separatist activities in the international arena will never succeed."


Just now, Biden won a major victory, and the financial market played a "chorus" of rising! Cuomo announced his resignation due to sex scandal, New York will welcome its first female governor|Morning News

Edit | Zhang Peng

U.S. Senate approves trillion-dollar infrastructure bill

Unlike the "diving sound" of the previous day, the financial market suddenly played a "chorus" of rising in the US market on Tuesday.

US stocks rose, with the Dow and S&P 500 both setting new intraday highs. As of the close, the Dow rose 162.82 points, or 0.46%, to 35264.67 points, and the S&P closed up 0.1% to 4436.75 points, both setting new closing highs set last Friday. The Nasdaq fell 0.49% to 14,788.09 points, giving up Monday’s gains and being the lowest closing level in the last four trading days.

The U.S. 10-year benchmark Treasury bond yield had a short-term decline in European stocks and U.S. stocks before the market. U.S. stocks maintained their upward trend after the opening. By the time U.S. stocks closed, it was approximately 1.35%. The intraday increase was more than 2 basis points, and it quickly rose above 1.35 after the market. %, approaching 1.36% at one time, setting a new intraday high since July 14.

The ICE dollar index (DXY), which tracks the exchange rate of a basket of six major currencies of the U.S. dollar, had risen above 93.10 in the early trading of U.S. stocks. By the close of U.S. stocks on Tuesday, the U.S. dollar index was below 93.08, the highest level since the close since March, and rose more than 0.1% during the day. .

In terms of market news, the US President Biden's $1 trillion infrastructure investment plan won enough votes to pass in the Senate, which is a bipartisan victory for the White House. The plan aims to provide the United States with the largest investment in roads, bridges, airports, and waterways in decades. The bill marked that the United States will implement the largest spending on public facilities in decades and will win President Biden a major victory on the economic agenda.

Members of both parties in the Senate passed the infrastructure bill with a vote of 69-30 on Tuesday, making a breakthrough on this issue that has plagued Congress and the President for many years.

The bill includes approximately US$110 billion in new spending on roads and bridges, US$73 billion in power grid upgrades, US$66 billion in railways and Amtrak, and US$65 billion in broadband expansion.

Republicans can claim that the bill will invest a lot of money on their priorities without raising taxes. It is a victory for them. Biden can also claim that this is a major achievement in decades and does not include unpopular gasoline taxes or Other taxes that may hit the middle class.

In addition, all 48 U.S. Senate Democrats and two independents voted for the advancement of the $3.5 trillion budget plan.

It is worth mentioning that, in the face of increasing legal pressure and the demands of US President Biden and others for his resignation, New York Governor Cuomo announced his resignation on Tuesday (August 10). Earlier, he was found to have sexually harassed 11 women during the investigation.

The 63-year-old Cuomo said in a 20-minute televised speech that his resignation will take effect in 14 days, which will derail his long political career. At one point, his political career seemed to be to run for the president of the United States. Cuomo repeatedly denied the accusation, but said in his speech that he was "too close to people" and apologized to the women.

The 62-year-old Lieutenant Governor Huchel is a Democrat from Western New York State. She will succeed Cuomo as governor. Until the term of Cuomo stipulated by the New York State Constitution ends in December 2022, Huchel will become the first woman in New York State. Governor.

Guest Jian Jia's Viewpoint

Strong non-agricultural employment data boosts Fed tightening expectations

After the seasonal adjustment in July 2021, the number of non-agricultural employment in the United States increased by 943,000, which was better than the expected increase of 870,000; the unemployment rate was 5.4%, better than the expected 5.7%. The service industry continued its high-slope recovery trend, and the labor participation rate increased slightly. Two signals for non-agricultural purposes in July: short-term inflationary pressure still exists, and the employment gap is narrowing faster. In terms of inflation, the overall labor supply is still weaker than the demand, and the pressure of rising wages still exists in the short term. In terms of employment, the gap narrowed at a faster rate, gradually moving closer to the Fed’s goal. After the release of strong non-agricultural employment data, U.S. Treasury yields and the U.S. dollar rose, while gold fell, and market concerns about the Fed's tightening have increased. We still believe that the Fed’s long-term difficult tightening pattern has not changed, but we need to be alert to the potential risks of tightening the air from August to September.

China's July import and export data was slightly lower than expected

In July 2021, China's exports were 19.3% year-on-year, lower than the expected 20% and 32.2% of the previous value; imports were 28.1% year-on-year, lower than the expected 33.6% and 36.7% of the previous value; the trade surplus widened to 56.59 billion US dollars. In terms of exports, external consumer demand continued to weaken, and the high base affected the growth of production exports, but the growth rate of exports declined year-on-year, but the scale did not drop. In terms of imports, bulk commodity imports continued to shrink, the impact of price increases continued to weaken, and imports continued to weaken. Looking ahead, the high base will continue to affect the export readings, and the external demand for consumption may show weakness, but the external demand for production will still be supported.

List of overseas

The total number of confirmed cases of new coronary pneumonia in the United States exceeds 36 million

On August 10, local time, according to data from Johns Hopkins University in the United States, as of 17:21 Eastern Time, the cumulative number of confirmed cases of new coronary pneumonia in the United States reached 36029404, and the cumulative number of new coronary pneumonia-related deaths reached 618,004. Compared with the two data 24 hours ago, 112,918 new confirmed cases and 750 new deaths were added.

Russian Deputy Prime Minister: Under the deteriorating market situation, the export ban on petroleum products may be implemented

Russian Satellite News Agency reported on August 10 that Russian Deputy Prime Minister Novak said that the export ban on Russian petroleum products is still on the agenda and may be implemented when the fuel market situation deteriorates. The Russian government’s press release quoted Novak as saying, “Some basic measures such as the ban on the export of petroleum products are still on the agenda and may be adopted at any time when the situation deteriorates.”

Korean pork prices increase for 20 consecutive months

According to South Korea’s "Asia Daily" news, as pork prices have risen for 20 consecutive months, the price of 1 catty of pork belly in some large supermarkets in South Korea has exceeded 20,000 won (approximately 115 yuan). According to industry analysts, affected by factors such as the recurrence of African swine fever and the second wave of disaster subsidies, meat prices may rise further.

Crude oil bid farewell to a three-week trough and hit the biggest increase in the past three weeks

International crude oil futures reversed their two-day losing streak. US WTI September crude oil futures closed up 1.81 US dollars, or 2.72%, to 68.29 US dollars per barrel; Brent October crude oil futures closed up 1.59 US dollars, or 2.3%, to 70.63 US dollars per barrel, both hitting a record since July 21. The biggest closing gains basically smoothed out Monday's closing losses.

Financial News

China recalls its ambassador to Lithuania and asks the Lithuanian government to recall its ambassador to China

According to CCTV, the Lithuanian government has recently announced that it will allow the Taiwan authorities to establish a "representative office" in the name of "Taiwan," regardless of China's repeated representations and acknowledgment of its interests. This action flagrantly violated the spirit of the communiqué on the establishment of diplomatic relations between the two countries and seriously damaged China's sovereignty and territorial integrity. The Chinese government expressed firm opposition to this, and decided to recall the Chinese ambassador to Lithuania and asked the Lithuanian government to recall the ambassador to China. The Chinese side is telling the party that there is only one China in the world, and the government of the People's Republic of China is the only legal government representing the whole of China.

Ministry of Housing and Urban-Rural Development: Large-scale and short-term demolition of urban contiguous old areas such as urban villages shall not be allowed in urban renewal operations

The Ministry of Housing and Urban-Rural Development solicits public opinions on the "Notice on Preventing Major Demolition and Construction Issues in the Implementation of Urban Renewal Actions (Draft for Solicitation of Comments)". The opinion puts forward that, in addition to the addition of necessary public service facilities, no large-scale increase in construction scale, no breakthrough in the original density of the old city, and no increase in the bearing pressure of resources and environment. The small-scale and short-term demolition of urban villages and other urban contiguous old areas has caused an imbalance between supply and demand in the housing rental market, and aggravated the difficulty of new citizens and low-income people with difficulties in renting houses.

General Administration of Sports: Sports administrative departments at all levels must develop and issue the National Fitness Implementation Plan before the end of the year

The General Administration of Sports issued a notice on earnestly implementing the National Fitness Plan (2021-2025). The notice stated that sports administrative departments at all levels should carry out the research and development of the National Fitness Implementation Plan in accordance with the requirements of the National Fitness Plan. The "Implementation Plan" must be fully published before the end of this year. After the issuance, all regions must do a good job in the division of tasks and issue supporting documents to promote the improvement of the national fitness work mechanism led by the government, social collaboration, public participation, and legal protection.

Ministry of Commerce: From January to July, my country’s import and export scale reached 21.34 trillion yuan, a record high over the same period in history

On August 10, the person in charge of the Foreign Trade Department of the Ministry of Commerce interpreted my country's foreign trade operations from January to July this year. The person in charge said that from January to July, my country's import and export scale achieved rapid growth. Among them, the scale of imports and exports, exports, and imports were respectively 21.34 trillion yuan, 11.66 trillion yuan, and 9.68 trillion yuan, all hitting historical highs over the same period, with a year-on-year increase of 24.5%, 24.5%, and 24.4% respectively, all of which were 10-year highs.

Cui Dongshu, Secretary-General of the Federation of Travel Services: Chip supply will pick up significantly in September

Cui Dongshu, secretary-general of the Travel Federation, said that the chip market is still facing uncertainty in August, and the shortage of chips will be significantly eased by September, and the chip supply will be more certain to pick up.

Domestic retail penetration rate of new energy vehicles reached 14.8% in July

According to data from the Travel Association, the domestic retail penetration rate of new energy vehicles in July was 14.8%, and the penetration rate from January to July was 10.9%, which is a significant increase from the 5.8% penetration rate in 2020. In July, the export of new energy vehicles showed explosive growth. Tesla exported 24,347 units to China, SAIC passenger cars exported 4,407 new energy units, BYD 781 units, Chery Auto 120 units, and other auto companies' new energy vehicle exports are also gaining momentum. Ready to go.

Feng Jun, Secretary of the Party Committee and Chairman of Eastern Airport Group Co., Ltd., was investigated

According to the Jiangsu Provincial Commission for Discipline Inspection: Feng Jun, Party Secretary and Chairman of the Eastern Airport Group Co., Ltd., is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision and investigation by the Jiangsu Provincial Commission for Discipline Inspection.

Joint prevention and control mechanism of the State Council: If the number of nucleic acid tests is less than 5 million, all employees will be tested within 2 days

The State Council’s response to the new crown pneumonia epidemic, the joint prevention and control mechanism medical treatment team issued a "Notice" a few days ago, requiring all localities to further strengthen the construction of nucleic acid testing capabilities in their jurisdictions. Where there has not yet been an epidemic, actual combat drills should be carried out in due course. Once an epidemic occurs, emergency response must be initiated immediately. After confirming the implementation of the nucleic acid test for all employees, ensure that those with less than 5 million testers will complete the test within 2 days and those with more than 5 million testers within 3 days.

2 new confirmed cases of new coronary pneumonia in Yunnan

From 0:00 to 24:00 on August 10, Yunnan Province added 5 newly imported confirmed cases, 2 cases of asymptomatic infection, and 2 newly confirmed cases of new coronary pneumonia. 10 confirmed cases were cured and discharged (2 local cases, 8 imported from abroad), and 1 case of asymptomatic infection was released from quarantine for medical observation (imported from abroad).

Jingmen City, Hubei will adjust a place to a medium-risk area and implement closed management

The Jingmen Epidemic Prevention and Control Headquarters decided to designate Tuanlinpu Town, Dadao District, Jingmen City as a medium-risk area from August 11. Closed management is implemented in medium-risk areas, and the management measures of "only entering but not leaving, strictly staying at home" are strictly implemented. All vehicles are strictly controlled, except for special vehicles such as medical rescue, fire rescue, environmental sanitation, and police vehicles, as well as vehicles for anti-epidemic work, vehicles for transporting medical supplies and residents' daily necessities, other vehicles are prohibited from passing.

China Bio: Strengthening the safety and tolerance of needles

Sinopharm China Biotech Covid-19 Inactivated Vaccine has completed Phase I/II clinical trials for people over 18 years old and 3-17 years old in China. The results show that after 3 doses of the Sinopharm China Bio-New Crown Inactivated Vaccine in people over 3 years of age, it is safe and tolerable, and can induce a strong antibody response.

Northbound funds bought 1.042 billion yuan in net yesterday

Northbound funds bought 1.042 billion yuan on the 10th, and net purchases for 2 consecutive days. Sany Heavy Industry, Zhaoyi Innovation, and Weir shares received net purchases of 549 million yuan, 348 million yuan, and 266 million yuan respectively. China Merchants Bank ranked first in net sales, with an amount of 466 million yuan.

China Railway Emergency: There is no relevant situation reported by the media

Huatie’s emergency disclosure of abnormal stock trading volatility announced that the company recently discovered media reports of "56,000 equipment disputes" and "Zhejiang Yibang Communication Technology Co., Ltd. chairman's real-name report" and other matters, and the company's stock price fluctuates to a certain extent. After verification, the company did not report the relevant circumstances. Except for the above matters, the company has not found other media reports or market rumors that may have a significant impact on the company's stock trading prices.

Lei Jun: Give a red envelope of 1999 yuan to each of the first users of Xiaomi mobile phone 1

At the 2021 Lei Jun annual speech and Xiaomi's autumn new product launch conference held on the 10th, Xiaomi released a variety of new products such as MIX4 and Xiaomi Tablet 5. Lei Jun revealed that Xiaomi 1 went on sale ten years ago, 1999 yuan, 184,600 units, and 370 million yuan. This is Xiaomi's first revenue. With this income, Xiaomi will be able to develop on a rolling basis, and it will become today's Fortune 500 and No. 2 in the world. He announced that the first batch of 184,600 users of Xiaomi mobile phone 1 will be given a red envelope of 1999 yuan per person.

China Evergrande: Discussing the sale of Evergrande property and part of Evergrande Auto has yet to sign a formal agreement

China Evergrande and Evergrande Property announced on the Hong Kong Stock Exchange that the company notified shareholders and investors of the group that Evergrande Group is contacting several potential independent third-party investors to discuss the sale of some of the company’s assets, including but not limited to Sale of part of the equity of China Evergrande New Energy Automobile Group Co., Ltd. (708.HK) and Evergrande Property Group Co., Ltd. (6666.HK), a listed subsidiary of Evergrande Group. As of the date of this announcement, no specific plans or formal agreements have been determined or entered into.

Shangneng Electric : Suspension verification of abnormal stock trading fluctuations

Longbai Group : All types of titanium dioxide will be increased by US$200/ton for downstream customers

Quanchai Power : The company's fuel cell business has no operating income for the time being

Dawson shares : the controlling shareholder's planning and control changes have been terminated

Yaxing Bus : Media reports involving company-related content do not match the actual situation

Hikvision : Fluorite Networks plans to build an intelligent manufacturing base of 1.85 billion yuan

Tangshan Port : Proposed to transfer assets and equity related to container business for 1.983 billion yuan

Dongjie Intelligence : Zibo City Finance Bureau may become the actual controller of the company

Stocks attention

Home

Since Home Depot's IPO in 1981, if it has been held so far, it will get a return on investment of 10,000 times. Home Depot is one of the beneficiaries of the new crown epidemic. The company's sales last year increased by 20% to US$132 billion, and its net profit also increased by 14%. Once the economy restarts, the company will benefit from the booming real estate market. After so many years of cyclical fluctuations, Home Depot has basically learned to make a profit in any market environment.

The domestic home furnishing industry is still facing the potential risk of rising prices of raw materials, but leading companies should be able to cope with it freely. Recently, there have been more adjustments in the home furnishing sector, mainly due to the top-down Beta level concerns caused by the market's subsequent uncertainty in real estate. We expect the completion growth rate in 2021 to be around 10%-12%, and the follow-up home retail fundamentals are still expected to be supported. The current market is overly pessimistic about the home furnishing sector, and the future industry will show more growth attributes. As the consumption attributes of retail home furnishing stocks gradually emerge, the long-term valuation system will also be reconstructed.

Published under Blog on 11 August, 2021.

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