Domestic News:
1. Xi Jinping meets with Spanish Prime Minister Pedro Sánchez.
2. Wang Yi holds talks with Russian Foreign Minister Sergey Lavrov.
3. Xi Jinping meets with Abu Dhabi Crown Prince Khalid.
4. The General Office of the State Council issues "Several Opinions on Improving the Drug Price Formation Mechanism".
5. Ministry of Foreign Affairs: If the US imposes additional tariffs on China under the pretext of Iran, China will resolutely retaliate.
6. The first trial of Evergrande Group, Evergrande Real Estate, and Xu Jiayin's case begins.
7. The 2.0 version of the departure tax refund measure is currently under approval and is expected to be launched before the end of April.
8. People's Bank of China: Will conduct 500 billion yuan of outright reverse repurchase operations with a term of 6 months (183 days).
9. my country's total import and export value of goods in the first quarter of 2026 will reach 11.84 trillion yuan, exceeding 11 trillion yuan for the first time in the same period in history, representing a year-on-year increase of 15%. International News:
1. US March PPI year-on-year rate reached 4%, below market expectation of 4.6%.
2. Anthropic plans to launch Opus 4.7 model and AI design tools, causing US design stocks to fall.
3. Israeli and Lebanese representatives held talks in Washington, with Israel refusing to discuss a ceasefire with Hezbollah.
4. US Treasury Secretary Bessant: The US should "wait and see" before cutting interest rates; near-term inflation is not embedded in expectations. Tariffs may return to previous levels in early July.
5. IMF lowered its 2026 global economic growth forecast to 3.1%, warning of a global recession in the worst-case scenario.
6. Russian media: Russia has imposed temporary export restrictions on helium and is considering imposing a consumption tax on imported steel.
7. ECB President Lagarde: The ECB has no inclination to tighten policy. Action will be needed if inflation expectations become unanchored.
8. Fed's Goolsby: Interest rate cuts may not occur until 2027.
9. Federal Reserve Chair nominee Warsh's hearing will be held on the 21st; documents show his assets are worth well over $100 million.
10. ADP Weekly Employment Report: In the four weeks ending March 28, private sector employers added an average of 39,250 jobs per week.
11. Iran Situation—
① Trump says talks with Iran "may be held in Pakistan within the next two days."
② Sources say Pakistan has called for a 45-day extension of the US-Iran ceasefire, and the US and Iran have agreed to continue negotiations, though the time and location are still undecided.
③ An official from the Iranian embassy in Pakistan says a new round of US-Iran talks may be held this week or early next week. The Iranian delegation has reportedly reserved time from the 17th to the 19th.
④ The US Treasury Department will terminate sanctions waivers on Iranian maritime oil shipments as scheduled on April 19. The Treasury Department warned it would use secondary sanctions to target foreign financial institutions supporting Iran.
⑤ Sources say Iran is considering suspending shipping in the Strait of Hormuz to avoid disrupting the negotiations. The US military reportedly has no plans to fire on oil tankers departing from Iranian ports.
⑥ The trilateral talks between Israel, Lebanon, and the United States concluded, with Israel and Lebanon agreeing to initiate direct negotiations.
⑦ Amid the US blockade, reports indicate that more than 20 merchant ships passed through the strait in the past day.
