Agriculture ministry moves to stabilize pork prices
China’s agriculture ministry moved to implement a revised hog-production capacity plan aimed at stabilizing pork prices, as authorities seek to prevent oversupply. The ministry urged local governments to tighten controls on new production capacity and support differentiated development among small and midsize farms.
NEWS SUMMARY
Chinese startup Moonshot AI has secured a new round of funding backed by state-owned investors.
China and the U.S. have agreed to hold an intergovernmental dialogue on AI, according to China’s Ministry of Foreign Affairs.
China’s electricity consumption, a key barometer of economic activity, rose 6% year-on-year in April.
Sales of consumer goods under China’s trade-in program exceeded 606.9 billion yuan in the first four months of the year.
Kevin Warsh is scheduled to be sworn in as the new chairman of the U.S. Federal Reserve on Friday.
The yield on the 30-year U.S. Treasury bond climbed to its highest level in nearly two decades.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
