1. A Russian passenger plane crashed, 170 people died; (8.23)

2. The interest rate on personal housing provident fund deposits was raised; (8.20)

3. The central bank raised RMB deposit and loan interest rates; (8.19)

4. The State Council carried out order rectification of the drug market; (8.16)

5. China will auction wildlife hunting rights; (8.9)< /p>

6. Asia’s largest paper-making company is on fire; (8.9)

7. The International Broadcasting Station’s Olympic frequency starts broadcasting; (8.8)

8. The Beijing Olympics sports icons are released ; (8.7)

9. The drought in Chongqing is severe and 4.36 million people have difficulty drinking water; (8.3)

10. Beijing’s vehicle registration starts with real-name system; (8.24)

Three major domestic and international current political news

Emerging market economies are becoming increasingly concrete, accelerating their integration into the global economic system, and injecting new vitality into economic globalization. The market economic systems of a large number of emerging developing countries are becoming increasingly mature.

The economies of East Asia, Latin America, and the Commonwealth of Independent States have accelerated across the board, and the economies of countries in Africa and the Middle East have begun to take off. The domestic capital markets of these countries have developed rapidly, and their dependence on foreign investment has significantly decreased, and their reliance on their own energy and resources has declined. The awareness of protection and utilization has been strengthened, and some export-oriented developing countries have gradually diversified their trade structure.

Emerging developing countries such as the “BRIC” and “New Diamond 11” continue to lead the economic growth of developing countries and become the strongest economic growth points in the future, promoting the development that affects globalization. Calculated based on exchange rates, this year, the total GDP of India, Russia, and Brazil has exceeded the US$1 trillion mark, ranking among the top 12 economies in the world.

From 2001 to 2007, China, Russia, and India jumped an average of four places in the rankings of global GDP, exports, investment attraction, foreign exchange reserves, and total stock market value.

The proportion of Asian countries’ exports to the United States in their total exports has dropped from 25.5% in 1993 to 16.5% currently. It is worth noting that developing countries continue to become more attractive to international capital. Mutual investment among developing countries has grown rapidly, mainly within Asia and Asia's investment in Africa.

Currently, the world’s total foreign exchange reserves are as high as 5.4 trillion US dollars, most of which are in the hands of developing countries. Recently, developing countries have begun to invest part of their foreign exchange reserves in the form of "sovereign wealth funds", and the amount may be as high as 1.5 trillion US dollars. The main direction of investment is the securities markets of developed countries and cross-border mergers and acquisitions. The relevant trends will have an impact on the international have an important impact on the capital market.