The Seven Seconds of a Fish

Previously, investors focused on financial news. Since Trump’s return, they also needed to pay attention to his Twitter (a private version). The trade war continued to escalate, leading to a sharp decline on April 7th, which was quickly followed by a rebound. This time, though, are people still willing to jump in?

Background Review

On April 7, 2025, following the impact of the U.S. implementation of an “equivalency tariff” policy, global stock markets experienced a “Black Monday.” The A-share market plunged, with the Shanghai Composite Index falling by 7.34% and the Shenzhen Component Index plummeting by 12.5%, with over 4,300 stocks declining by more than 9%. The Hang Seng Index in Hong Kong also fell by 13.22%, along with European and U.S. stock indices exceeding declines of 4%. China subsequently stabilized the market through state-owned enterprise (SOE) purchases and intervention by Huishang Securities.

“As I recall, Xiaomi was able to break through initially thanks to its solid product quality and distinctive cost-performance advantage – in those early years, other brands would often price similar models at four or five thousand yuan, while Xiaomi could keep the price under two thousand yuan. Many people were switching phones at that time, and they chose Xiaomi because of the ‘low-cost entry into high configuration.’”

Current Situation

However, in the past two or three generations of flagship phones, the upgrade momentum has noticeably weakened. Every time I look at new product parameters and features, it’s hard to have a “wow” moment – most are minor adjustments: such as camera algorithm optimization, slight battery life improvements, or simply changing the color scheme. There’s a lack of core changes that leave a lasting impression.

• I saw a report on Douyin about an anti-corruption investigation in the Zhejiang financial sector. I had written about the prelude to financial corruption once before, but didn’t follow up on related reports afterward.
• I still check financial news every day, and previously I rarely saw any reports about financial corruption. However, there have been increasing reports of financial corruption over the past two years, with more and more senior executives from banks, securities firms, and other financial institutions being investigated. Financial Anti-Corruption Curtain Rise

On the eve of the 2024 National Day holiday, China’s stock market experienced a remarkable surge, attracting considerable attention. However, following the holiday, the market unexpectedly turned to a dramatic plunge. This “polarization” of the stock market – a rollercoaster ride between soaring highs and plummeting lows – not only subjected investors to a thrilling yet nerve-wracking experience, but also prompted deep reflection within the market regarding policy, economic conditions, and fundamental market rules.

• Cancellation of Property Mortgage Interest Rate Floor
• Public Housing Fund (Prudential Loan) Interest Rate Will Be Reduced by 0.25% Starting Tomorrow
• First-Time Homebuyers Down Payment Ratio Reduced to 15%
• 300 Billion Yuan in Guaranteed Affordable Housing Repurchase Loans

Cancellation of National-Level First and Second-Tier Commercial Personal Housing Loan Interest Rate Policy Lower Bounds

The Shanghai Headquarters of the People’s Bank of China, branches of the People’s Bank of China in provinces, autonomous regions, municipalities directly under the central government, and planned cities; branches of all state-owned commercial banks, Postal Savings Bank of China, and all joint-stock commercial banks:

315 actually did not report on “chicken mud,” and this issue itself has been confusing the official exposure of CCTV’s 3·15 Gala with other food safety hotspots that occurred concurrently.

Zhihu Answer: Journalism

The 315 evening event mentioned nine manufacturers, and none of them included potato starch (daoniansan). Now, the major brands that were nominated have lost all heat, while this potato starch – which is a national staple (found on almost every street food corner across China with a large number of stalls, likely the most prevalent) – has been brought out to argue and it feels like potato starch is being entirely scapegoated. I’ve looked at online news sources; CCTV released a report on ham on 3.15, listing only a few manufacturers’ ingredients, and none of those manufacturers were primarily producers of potato starch. There was nothing obviously wrong with their ingredients, and then this reporter used information from an employee at one factory who said they sometimes use chicken bone meal to substitute for meat – something that was rumored – and she went to inquire on Taobao about pet food suppliers selling chicken bone meal: “Can people eat it?” This isn’t a stupid question, is it? They dare to sell it to pets? Then rumors spread that potato starch contained chicken bone meal.

The Oriental Zen Selection short essay incident was a online uproar triggered by Oriental Zen Selection’s official account denying that anchor Dong Yufei was the author of all the short essays. The truth is now unrecoverable, and the company’s power struggles have pushed this matter into the spotlight.

Fish’s seven-second memory will be handed over to AI for writing, having experimented with Bing AI and ChatGPT Plus. The former provided more complete information, while the search engine still obtained more data, but the output blog content was not as complete and had a rigid format; the latter generated content based on keywords, which wasn’t as complete but could obtain full blog content. If given the URLs of reference materials, it could optimize the generated article.

The Central Committee of the Communist Party of China: will intensify anti-corruption efforts in state-owned enterprises and the financial sector, and thoroughly rectify “the four prevailing tendencies.”

Communist Party of China Central Politburo

The Political Bureau of the Central Committee of the Communist Party of China held a meeting on September 27, reviewing the Comprehensive Report on the First Round Supervision of the First Session of the Twentieth Party Congress. Xi Jinping, General Secretary of the Communist Party of China, chaired the meeting. The meeting emphasized that the supervision and oversight work should be used as an opportunity to further strengthen the leadership of the Communist Party in all aspects, urging supervised party organizations to raise their political stance, conscientiously fulfill the responsibilities and missions assigned by the Central Committee, continuously enhance the core functions and competitiveness of state-owned enterprises, consolidate the important material and political foundations of socialism with Chinese characteristics, intensify financial institutions’ service to the real economy and national strategies, and promote high-quality development. It was stressed to coordinate development and security, firmly establish bottom-line and limit thinking, adopt effective measures to prevent and mitigate major risks, and safeguard the safety line. It was also necessary to advance comprehensive Party self-discipline to greater depths, consolidate the responsibility of the secretary of the党委 (party committee) as the first person, strengthen the responsibilities of leadership committees members “dual duties in one position,” and enhance the supervision responsibilities of disciplinary and supervisory organizations, highlight strengthening supervision of all levels’ “one leader”, intensify anti-corruption efforts in state-owned enterprises and financial sectors, deeply rectify “four prevailing styles,” deepen reform, improve systems, promote source governance, and facilitate treatment of problems comprehensively. (Xinhua)