Recently, South KoreaThe Ministry of Economy and Finance issued Decree No. 1125,Decide to continue imposing measures on oriented polyesters originating from China, Indonesia, and Thailand with a thickness exceeding 10 microns. A five-year anti-dumping duty is imposed on the film.(See attached table), including,The tax rate in China is 2.50% to 25.04%.The tariff numbers of the**** products in Korea are 3920.20.0000 and 3921.90.2000. The measures shall enter into force on the date of publication of the notice.

Roche recently announced that it will invest $50 billion in the United States over the next five years. These investments further strengthen Roche's already significant footprint in the U.S., where it has 13 manufacturing and 15 research and development sites in the pharmaceutical and diagnostics sectors. It is expected to create over 12,000 new jobs, including nearly 6,500 construction jobs and 1,000 positions for the building and expansion of facilities.

U.S. President Trump delivered a speech in a public venue on Tuesday (April 22) local time,He acknowledged that the current tariffs on imports from China are too high and predicted a significant reduction in tariff rates.This marks a shift in Trump's attitude towards his signature tariff policy. On Tuesday, U.S. Treasury Secretary Becerra also stated at a JPMorgan event that the trade war between China and the U.S. will soon cool down.

On April 22, local time, the International Monetary Fund released the latest World Economic Outlook report, lowering its global economic growth forecast for 2025 from 3.3% at the beginning of the year to 2.8%. The projection for 2026 is expected to be 3%. The impact of U.S. tariff measures and policy uncertainties will lead to a significant slowdown in the global economy in the short term.

On April 21, Zimmer Biomet, a global leader in orthopedics (NYSE: ZBH), announced the completion of its acquisition of Paragon 28. The deal is valued at $1.2 billion (approximately 8.7 billion RMB). Paragon 28 offers a wide range of surgical products and systems covering all major areas of the foot and ankle, including fractures and trauma, deformity correction, as well as joint replacement.