- Zhejiang plans to cultivate 100 leading private enterprises by 2025, while CNOOC announces significant new oil and gas reserves in the Bohai Sea exceeding 40 million cubic meters. Internationally, Saudi Arabia's Jafurah oilfield discovers additional 15 trillion cubic feet of natural gas, and Nvidia identifies Huawei as its biggest competitor.
- The Ministry of Commerce plans to hold a round table meeting for foreign-invested enterprises on February 28 to discuss the implementation of policies aimed at optimizing the foreign investment environment and attracting more foreign investment. Shenzhen also aims to standardize the management of charging and swapping facilities for new energy vehicles, while European stock markets hit a two-year record high.
- Ctrip's Q4 2023 financial report shows a 7% YoY increase in international OTA platform bookings. US chip stocks saw a broad rise, driven by Nvidia's strong performance. The Fed is likely to hold interest rates steady in March, with a 93.5% probability of no action.
- Shanghai initiates a 1.558 billion yuan special loan for urban village transformation, while GF receives a $1.5 billion subsidy from the U.S. government to expand semiconductor production. Other key news includes Shanghai's 'Silk Road E-commerce' plan, increased copyright registrations, and reforms in state-owned enterprises.
- During the Spring Festival, Shanghai saw a 110% increase in passenger traffic compared to 2019. UK property prices rose annually for the first time since August last year. Meanwhile, wind power generation in the EU surpassed natural gas for the first time.
- The European Union's wind power generation has surpassed natural gas for the first time, meeting France's entire electricity needs. Meanwhile, China has built over 3.37 million 5G base stations, with 805 million 5G mobile phone users, marking significant advancements in both regions' technological and energy sectors.
- During the Spring Festival, the operating volume of wide-body aircraft at Sanya and Haikou Airports reached a record high, with Sanya Airport handling an average of 136 wide-body aircraft daily. Meanwhile, the ultra-long holiday has ignited a tourism boom, and tourism consumption is expected to maintain an upward trend in 2024.
- China's State Administration of Financial Supervision and Administration will enhance urban real estate financing, while the US military illegally stationed in Syria continues to steal oil and grain using 160 vehicles. The Sino-US Economic Working Group held its third meeting, and a report shows that China remains a key investment destination for US companies.
- Shenzhen Airport reported record-high passenger numbers and flights during the Spring Festival, while China's first batch of 'white lists' for real estate projects was released. Additionally, the Interim Regulations on the Administration of Carbon Emission Trading will take effect on May 1, 2024.
- Shenzhen Airport reported a record-high number of single-day flights and outbound passengers, while the first batch of real estate project 'white lists' was released, involving 3,218 projects. The Shanghai Investment Promotion Conference emphasized strengthening investment planning, and new carbon emission trading regulations will take effect on May 1, 2024.
- China's State Administration of Financial Regulation has set loan term limits, with fixed asset loans not exceeding 10 years and personal consumption loans not exceeding 5 years. The State Financial Supervision Bureau also restricts the use of working capital loans. Meanwhile, the Ministry of Foreign Affairs emphasizes China's openness to foreign investment, noting positive sentiment among foreign businesses. Internationally, French industrial output saw a sharp increase, and Thailand expects a significant rise in Chinese tourists.
- China's fiscal science and technology expenditure increased from 832.7 billion yuan in 2018 to 1,056.7 billion yuan in 2023, with an average annual growth rate of 6.4%. Xi Jinping emphasized the importance of scientific and technological innovation and the development of the digital economy, aiming to build a digital industrial cluster with international competitiveness.
- In the fourth quarter of 2023, the satisfaction of foreign-invested enterprises with China's business environment continued to increase, with nearly 70% optimistic about the Chinese market over the next five years. Additionally, the National Bureau of Statistics reported an 8.2% increase in turnover for cultural and related industries.
- In the fourth quarter of 2023, satisfaction among foreign-funded enterprises with China's business environment increased, and the turnover of cultural and related industries grew by 8.2%. Additionally, Japan's job market remains tight, and the Reserve Bank of New Zealand may raise interest rates next month.
- Chinese equity funds recorded inflows of $11.9 billion in the past week, the largest since July 2015. Meanwhile, tensions in the Middle East led to a 1% increase in oil prices, with Brent crude rising 1.3%. The Fed has a 97.9% chance of keeping interest rates unchanged this week.