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European Central Bank President Lagarde: Potential inflation and inflation continue to return to the target in the same direction.Analysis: The initial application data in the United States unexpectedly rose, and the number of initial jobless claims in the United States unexpectedly rose last week. The number of people receiving unemployment benefits continued to increase at the end of November compared with the beginning of the year, due to the cooling of labor demand. The US Department of Labor announced on Thursday that as of the week of December 7, the number of initial jobless claims increased by 17,000 to 242,000 after seasonal adjustment. Economists had expected that the number of initial jobless claims last week was only 220,000. The jump in initial jobless claims last week may reflect the fluctuation after the Thanksgiving holiday, but it may not mark a sudden change in the job market. The number of initial jobless claims may still fluctuate in the next few weeks, which may make it difficult to understand the job market clearly.Central Economic Work Conference: Effectively loosen the burden on the grass-roots units, so that cadres who want to be officers and know how to be officers can be officers and get things done. The Central Economic Work Conference was held in Beijing from December 11 to 12. The meeting stressed that it is necessary to strengthen the party's leadership over economic work, persist in doing things first, enhance confidence, face difficulties, and work hard to ensure that the decision-making arrangements of the CPC Central Committee are implemented. It is necessary to strengthen positive incentives and stimulate the endogenous motivation of entrepreneurs. Effectively loosen the burden on the grassroots, so that cadres who want to be officers and officers can be officers and do things. Unswervingly punish corruption and maintain a fair and just market environment and a clean and honest business environment. Persist in seeking truth from facts and being pragmatic, and resolutely oppose formalism and bureaucracy that are keen on showing up to the top, not being responsible for the bottom, and not considering actual results. (Xinhua News Agency)

The promotion of "Investing in China" in the Middle East was held in the United Arab Emirates, and the promotion of "Investing in China" in the Middle East and the docking of industrial capital between China and the Middle East were held in Abu Dhabi, the capital of the United Arab Emirates, from 11th to 12th. 40 China enterprises from the fields of new energy, advanced manufacturing, biomedicine, information technology, etc. negotiated and docked with more than 70 sovereign wealth funds and investment institutions in the Middle East.Central Economic Work Conference: Implementing the Medical and Health Foundation Project and Formulating the Policy of Promoting Birth, which was held in Beijing from December 11th to 12th. The meeting proposed to implement employment support plans for key areas, key industries, urban and rural grassroots and small and medium-sized enterprises to promote the employment of key groups. Strengthen the protection of workers' rights and interests in flexible employment and new employment forms. We will implement policies to help industries and employment, ensure that large-scale return to poverty does not occur, and ensure the basic livelihood of people in need. Promote the high-quality and balanced development of compulsory education and solidly promote the expansion of high-quality undergraduate courses. Implement the medical and health foundation project and formulate policies to promote fertility. Develop community-supported home-based care for the aged and expand inclusive care for the aged. Adhere to and develop the "Fengqiao experience" in the new era and strengthen the public security system. (Xinhua News Agency)Baiyang Pharmaceutical Group signed an agreement with Peking University Hospital. On December 12, Baiyang Pharmaceutical Group signed a cooperation agreement with Peking University No.1 Hospital, and obtained the exclusive right to patent, clinical development and registration, production and marketing of "targeted integrin small molecule inhibitor" in Peking University Hospital.

European Central Bank President Lagarde: The decline in corporate profit margins is due to the increase in the cost of absorbing labor. European Central Bank President Lagarde: It is observed that corporate profit margins have declined. Inflation risk is not a two-way street. The prospect of economic productivity is improving. The decline in profit margin is due to the increase in the cost of absorbing labor.Baidu and Geely have started the internal transfer process to pay social security for employees of Jiyue in November. On the evening of December 12, the employee representative of Jiyue, Xia Yiping, CEO of Jiyue, and two major shareholders of Geely and Baidu held a closed meeting. Interface news learned that after several rounds of communication, Baidu and Geely are taking the transfer process to pay the arrears of social security for employees in November. (Interface)The dollar index DXY fell more than 20 points in the short term and is now reported at 106.58. Non-US currencies collectively rose, with GBP/USD of GBP rising by more than 20 points, EUR/USD of EUR/USD of EUR/USD rising by about 20 points and USD/JPY of USD/JPY rising by about 50 points.