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The French government announced on the 21st that it will freeze approximately 6 billion euros in fiscal spending by 2026 to alleviate economic pressure from the Middle East conflict, and will introduce targeted energy assistance to support industries and groups affected by rising oil prices.
The finance minister stated that rising energy prices and increasing government bond yields will raise the fiscal burden to 4–6 billion euros, and the government will respond through expenditure control and targeted energy support.
The Prime Minister will extend aid to agriculture, fisheries, and road transportation, and provide subsidies for specific drivers.
Oil prices continue to rise, with gasoline up 10.7% and diesel up 21.3% in March; France has not yet reduced fuel taxes.

On April 21st local time, the leader of the Houthi armed forces, Abdul Rahik al-Houthi, said in a televised speech that if Israel and the United States escalate their actions again, the Houthi armed forces’ retaliatory response would also escalate.(CCTV International News)

Reports from the U.S. say that last year, American entrepreneur Elon Musk bought $1.4 billion worth of stock from current and former employees who work for him, increasing his stake in the space exploration technology company SpaceX. It is understood that SpaceX is considering a first initial public offering (IPO) in June, with a fundraising target as high as $50 billion. Another report says SpaceX aims for a valuation exceeding $1 trillion and could become the largest IPO in U.S. stock market history. (CCTV News)

Reports say Samsung Electronics has withdrawn its planned mass production of the 10-nanometer seventh-generation 1D DRAM. This has raised concerns in the industry that Samsung's next-generation high-bandwidth memory (HBM) roadmap may experience some delays. (Science and Technology Innovation Board Daily)

Qichacha APP shows that recently, Tiannai Human-Computer Interaction (Inner Mongolia Autonomous Region) Intelligent Technology Co., Ltd. was established, with Sun Lütao as the legal representative. The business scope includes: general artificial intelligence application systems; professional design services; artificial intelligence application software development; Internet of Things technology services; geographic remote sensing information services, etc. Qichacha's equity penetration shows that the company is jointly held by Tiannai Human-Computer Interaction Technology (Guangzhou) Co., Ltd. under Qiaoyin Shares and Guangzhou Qiaowang City Management Co., Ltd. (People's Financial News)

Hong Kong stocks fluctuate and rise, with the Hang Seng Tech Index up over 1%, and the Hang Seng Index up 0.2%.

On April 27th, Shougang Changzhi construction steel prices were adjusted: rebar, coil, and wire rod remain stable for now. The specific price information is as follows: the ex-factory base price of HRB400E rebar Φ20mm is 3,210 yuan/ton, Φ12+200, Φ14+200, Φ16+100, Φ18+80, Φ22/Φ25+100, Φ28/32+150; the ex-factory base price of HRB400E coil Φ8-10mm is 3,330 yuan/ton, Φ6+180, Φ12+80; the ex-factory base price of HPB300 high wire Φ8-12mm is 3,310 yuan/ton, Φ6+100. ( Shanghai Nonferrous Metals Network )

April 22nd, Shougang Changzhi Construction Steel Price Adjustment: Rebar, coil, and wire rod increased by 20. The specific price information is as follows:
Rebar HRB400E Φ20mm ex-factory base price 3,210 yuan/ton, Φ12+200, Φ14+200, Φ16+100, Φ18+80, Φ22/Φ25+100, Φ28/32+150;
Coil HRB400E Φ8-10mm ex-factory base price 3,330 yuan/ton, Φ6+180, Φ12+80;
High-strength wire HPB300 Φ8-12mm ex-factory base price 3,310 yuan/ton, Φ6+100. (SMM)

April 27th, the Ministry of Culture and Tourism launched the 2026 National "May Day" Culture and Tourism Consumption Week in Beijing, covering the end of April through the May Day holiday, introducing affordable products, beneficial services, and other initiatives. On the same day, the National Climate Center of the China Meteorological Administration released the nationwide "May Day" flower viewing tourism map, and jointly launched self-driving, discounted travel, and cultural tourism benefit activities with units such as Sinopec, China Mobile, Industrial and Commercial Bank of China, Agricultural Bank of China, and Amap, including filling up on Friday, May Day discounts, Love Shopping for May Day, Cultural and Tourism Trendy Play Season, and May Day cultural tourism special offers.

Pre-holiday stockpiling support is still present but has entered the final stage, and the upward momentum has weakened. In some areas, due to slowed sales, prices have slightly declined. Currently, the laying hen stock is relatively high, and overall supply is sufficient, combined with high feed costs. It is expected that egg prices will remain high and fluctuate sideways in the near future, with a high probability of a slight pullback after the May Day holiday. Both large increases and decreases are limited. Today, the average egg price in main production areas: Shandong at 7.73 yuan/kg, down 0.20 from yesterday; Hebei at 7.45 yuan/kg, down 0.12 from yesterday; Guangdong at 7.87 yuan/kg, unchanged from yesterday; Beijing at 8.10 yuan/kg, down 0.10 from yesterday. (China Feed Industry Information Network)

Hangzhou PVC market prices remain firm, with intra-day prices slightly higher, actual transaction inquiries are dull, calcium carbide method Type 5 is at 4,900-5,050 yuan/ton, Type 3 joint at 4,900-4,950 yuan/ton, Yihua/Tianhu/Zhongtai/Jintai at 4,930-5,000 yuan/ton, Beiyuan/Tianye around 5,000-5,050 yuan/ton, and Type 8/Type 3 around 5,180-5,380 yuan/ton. (Longzhong Information)

As of the time of the report, the spot price of polyester staple fiber in the Jiangsu market has increased by 90 to 8,260; cost support remains strong, and short fiber prices are passively following, with processing fees still at low levels. Currently, the spot market for short fiber is discussed at 8,200-8,300 yuan/ton. (Unit: yuan/ton) (Longzhong Information)

As of April 19, 2026, China's social inventory of natural rubber is 1.33M tons, a decrease of 17k tons from the previous month, a decline of 1.3%. (Longzhong Information)

Last period's main contract for double-glued paper on the Shanghai Futures Exchange dropped over 2%, closing at 4,030 yuan per ton.

It was announced at the emergency management department's quarterly press conference held today that in 2025, the Central Committee of the Communist Party of China and the State Council issued the "National Emergency Response Plan for Major Incidents," requiring all regions and relevant departments to promptly adjust their emergency response plans based on the results of emergency response and drill evaluations. Currently, a new round of revision and formulation of emergency response plans at the national level has been fully launched. According to the planned schedule, emergency response plans at the national level that need to be revised and formulated after evaluation are generally expected to be completed by December 2026. (CCTV News)

Last week, the operating rate of oil mills slightly declined, and the weekly soybean crushing volume decreased. According to monitoring of crushing conditions, as of April 24, the nationwide major oil mills' soybean crushing volume in April was approximately 5.5 million tons. It is expected that the total soybean crushing volume for the month will be around 7 million tons, a decrease of about 1.3 million tons month-on-month, an increase of approximately 1.6 million tons year-on-year, and about 300k tons higher than the average for the same period over the past three years. (National Grain and Oil Information Center)

As of the deadline, the East China PTA market price center remains firm, with negotiations around 6,680 yuan/ton. (Longzhong Information)

Zhengzhou Commodity Exchange's main contract for urea rises over 3%, trading at 2,044 yuan per ton.