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Reuters survey: Most economists expect Britain to basically avoid the impact of Trump tariffs. According to the Reuters survey, most economists expect that US President-elect Trump will impose tariffs of less than 10% or not at all on goods imported from Britain next year, which will have little impact on the British economy. This is in stark contrast to a similar poll last month. Last month's polls showed that people were generally worried that the EU would be hit harder. Britain officially withdrew from the EU in 2020. Part of the reason why economists are more optimistic about Britain is that although one-fifth of Britain's total trade is with the United States, the proposed tariffs will focus on goods, and only one-third of Britain's exports are goods.Liu Shijin: To expand consumption, we should manage from the source, and give priority to improving basic public services and consumption of low-and middle-income groups. Liu Shijin, deputy director of the 13th Chinese People's Political Consultative Conference Economic Commission and former deputy director of the the State Council Development Research Center, pointed out in his speech at the main forum of the 2024 Southern Finance and Economics International Forum that the macro-economy is picking up, but it is also facing the increasing pressure of insufficient total demand, especially insufficient consumer demand, and the focus of which is insufficient service consumption. We should give priority to improving basic public services and the consumption environment of low-and middle-income groups through "source governance" to promote the integrated development of urban and rural areas. On the basis of short-term stimulus policies, combined with medium-and long-term reforms, we will solve the institutional problems that restrict the expansion of consumption and help China's economy achieve high-quality development. "At present, it is necessary to distinguish the problems caused by insufficient demand from the causes of insufficient demand." Liu Shijin pointed out that from the perspective of international comparison, the lack of consumption demand in China at this stage is a structural deviation. In Liu Shijin's view, it is necessary to identify the key points or pain points in expanding consumer demand at this stage. First, service consumption based on basic public services, including education, medical and health care, affordable housing, social security, culture, sports and entertainment, financial services, transportation and communication; Second, the middle and low-income class with migrant workers as the focus; Third, people-centered, urbanization and urban-rural integration. (21 Finance)Reuters survey: the short bet of won is at the highest level since October 20, 2022; Indian Rupee's short bet reached the highest level since November 17, 2022; Investors reduced their short bets on Philippine peso, Indonesian rupiah, Thai baht and Singapore dollar.

Jilin: Set up an investment fund of 1 billion yuan to guide the ice and snow industry. According to the news of "Jilin Publishing" WeChat WeChat official account on December 12, recently, the General Office of Jilin Provincial Party Committee and the General Office of the provincial government issued the "Implementation Opinions on Promoting the High-quality Development of Ice and Snow Economy in Jilin Province". Sun Guangzhi, director of Jilin Provincial Department of Culture and Tourism, said that the "Implementation Opinions" focused on the ice and snow equipment industry. Industry-University-Research will be promoted to tackle key problems through collaboration, and breakthroughs will be made in key technologies of ice and snow. Build an ice and snow equipment industrial park, introduce advanced ice and snow equipment projects, and improve the ice and snow equipment industrial chain in Jilin Province. Through "one-on-one" accurate counseling, we will cultivate "specialized and innovative" enterprises of ice and snow equipment. Plan to set up large-scale ice and snow equipment maintenance companies such as ropeways, cable cars and snow presses to provide market-oriented services for snow rinks and ice rinks. Focus on improving the security system of ice and snow economic factors. Relying on the universities in the province, we will build 10 first-class majors such as ice and snow sports and ice and snow economy, build 10 modern industrial colleges in the field of ice and snow, and build a perfect training system for ice and snow professionals. Increase financial support, set up an investment fund of 1 billion yuan to guide the ice and snow industry, and co-ordinate various financial funds to support the ice and snow economy of 500 million yuan. Establish a financial aid mechanism to guide social capital to invest in ice and snow projects. Innovate industrial support policies and strengthen the protection of factors such as land for ice and snow projects.On December 11th, it was reported that the U.S. government was divided over the U.S. steel acquisition, and Biden considered blocking the transaction. It was reported that the U.S. Department of Defense, the Ministry of Finance and the State Council all believed that the Japanese Steel Company's $15 billion acquisition of American steel companies would not bring national security risks, but U.S. President Biden was expected to block the transaction. Earlier, some media quoted people familiar with the matter as saying that Biden planned to block the acquisition of American steel companies later this month on the grounds of national security. The Committee on Foreign Investment in the United States has been reviewing the proposed acquisition for most of this year, and the group must submit its decision to Biden before December 22 or 23.South Korea's finance ministers and Japan's finance ministers held an online meeting, and the two sides reiterated the importance of the partnership between the two countries.

On December 12, the average price of pork in the national agricultural products wholesale market was 23.14 yuan/kg, which was the same as yesterday. According to the monitoring of the Ministry of Agriculture and Rural Affairs, the "200 Index of Agricultural Products Wholesale Price" was 121.01 on December 12, up 0.07 points from yesterday, and the wholesale price index of "vegetable basket" products was 122.15, up 0.08 points from yesterday. As of 14:00 today, the average price of pork in the national agricultural products wholesale market was 23.14 yuan/kg, which was the same as yesterday; Beef is 60.10 yuan/kg, down 0.4% from yesterday; Mutton 59.19 yuan/kg, up 0.2% from yesterday; Eggs are 10.19 yuan/kg, up 0.2% from yesterday; White striped chicken was 17.74 yuan/kg, down 0.5% from yesterday. The average price of 28 kinds of vegetables monitored is 5.02 yuan/kg, up 0.2% from yesterday; The average price of six kinds of fruits monitored is 7.15 yuan/kg, down 0.4% from yesterday. Crucian carp 19.28 yuan/kg, down 1.6% from yesterday; Carp 14.30 yuan/kg, down 0.6% from yesterday; Silver carp 10.10 yuan/kg, down 3.3% from yesterday; Hairtail is 41.11 yuan/kg, up 1.3% from yesterday.Alleged of tax evasion, Adidas' German headquarters was raided for two days in a row. On December 11th, local time, criminal prosecutors and customs investigators raided Adidas' German headquarters for the second day in a row, which was an escalation of years of investigation on the sports brand's alleged tax evasion. The amount of tax evasion may exceed 1.1 billion euros. The European Prosecutor's Office (EPPO), headquartered in Luxembourg, said on the 11th that it was conducting a "criminal investigation" against a German sportswear trading enterprise group on the grounds that it was "suspected of tax evasion related to customs duties and import and sales taxes". Adidas said that this long-term investigation is unlikely to have "any significant financial impact".Xia Yiping, CEO of Extreme Vietnam: The company has not closed down, and the after-sales of the whole vehicle will not be interrupted. Shareholders will bear the compensation for employees' resignation. Xia Yiping, CEO of Extreme Vietnam, said in an internal meeting that the company account has been frozen at present, and he is not the first responsible person of the enterprise, but he will try his best to solve the social security problem of employees in Beijing before 1 am tomorrow, and the social security payment problem of employees in Shanghai will be solved before the 27th. The specific operation needs to be discussed with the board of directors. Shareholders are willing to bear the compensation for employees' resignation, but the specific plan needs to be discussed with shareholders and HR department. I am still actively seeking financing. The company has not shut down or closed down, and the warranty and software services of the whole vehicle will not be interrupted.