- China's total import and export value in November increased by 1.2% year-on-year, marking two consecutive months of positive growth. The State Council introduced 80 measures to promote high-level institutional opening-up in the Shanghai Pilot Free Trade Zone, aligning with international high-standard economic and trade rules.
- China's economy is showing signs of recovery, with foreign investors continuing to be optimistic about the country's bond market. They have been net buyers of Chinese bonds for nine consecutive months, contributing to a cumulative net purchase of nearly 1 trillion yuan in 2023. Additionally, the 'red line' of 1 billion tons for crude oil processing capacity has been set to promote green and high-quality development.
- China's economy demonstrates significant resilience and potential for long-term growth, with a stable real estate market transitioning from adjustment to stability. The capital market requires collaborative efforts for sustained stability, while bank wealth management subsidiaries lower product rates.
- China emphasizes rational interest rate management to reduce corporate financing costs and improve financial stability. The China Securities Regulatory Commission aims to maintain a stable capital market. The New York Fed reports a decrease in US core inflationary pressures in October.
- China maintains its steady growth policy, ensuring the consumption of non-ferrous metals. However, the sales of the top 100 real estate companies in November fell by 0.6% month-on-month, entering the annual performance sprint period. Internationally, the World Bank Group increases its climate change financing support to 45% of total funding.
- China's total import and export trade value in October reached 3.54 trillion yuan, with a monthly growth rate of 0.9%, but has decreased year-on-year for four consecutive months since June. The IMF raised its forecast for China's economic growth, predicting a 5.4% and 4.6% increase in real GDP for this year and next year, respectively.
- China emphasizes the importance of expanding cooperation with Australia in areas like climate change and green economy. Domestically, China focuses on financial reforms, including strong supervision, risk prevention, and lowering financing costs. Internationally, the US plans to repurchase up to 3 million barrels of crude oil to replenish the Strategic Petroleum Reserve.
- China reaffirms its commitment to high-level opening up, actively expanding imports and accelerating the issuance and use of new treasury bonds. Effective investment is expected to drive infrastructure growth. Internationally, Russia continues to reduce oil supply, and Singapore prepares for leadership transition.
- The Sino-US Economic Working Group held its first meeting, discussing macroeconomic situations and bilateral relations. Meanwhile, 13 out of 21 provinces in China reported GDP growth rates exceeding the national average, with Hainan leading at 9.5%. Zhejiang's electricity consumption surged by 15% in September, reflecting robust economic activity.
- China's State Council plans comprehensive supervision for high-quality development in November, covering 16 provinces. Financial and monetary policies have mitigated local debt risks, with special debt reaching 1 trillion yuan. The second phase of the 134th Canton Fair opened, setting a record for the largest offline exhibition. The Ministry of Agriculture expects a stable autumn grain market.
- China's Innovation Index increased by 5.9% in 2022, and the national railway held 1.15 billion passengers in Q3 2023, setting new records. The General Administration of Customs will cancel the filing of enterprises in the origin of export goods from November 1, and the construction of a modern logistics system is accelerating.
- In September, the sales prices of newly built commercial residential buildings in China's first-tier cities were flat month-on-month but increased year-on-year. Economists predict that China's GDP growth rate in the fourth quarter will rebound to more than 5% year-on-year. The 3rd Belt and Road Forum for International Cooperation was held in Beijing, emphasizing global connectivity and open economic development.
- China's GDP grew by 4.9% year-on-year in the third quarter, reflecting significant improvements in economic fundamentals. The exchange rate remains stable, and the National Bureau of Statistics reported moderate price growth, indicating stable overall demand. Additionally, China's imports of aquatic products from Japan dropped to zero in September.
- China's central bank achieved a new high in net MLF investment in October, signaling stable growth. The Shanghai Stock Exchange suggests potential interest rate and reserve requirement cuts. China's listed banks' assets exceed 265 trillion yuan, supporting the real economy. The Third Belt and Road Forum is underway, with UN Secretary-General Guterres in Beijing.
- In September, China's electricity consumption increased by 9.9% year-on-year, with notable growth across all sectors. Over 2,500 digital workshops and intelligent factories have been built, boosting manufacturing efficiency. Social finance additions significantly exceeded market expectations, signaling potential short-term economic stabilization. The CSRC's adjustments to the securities lending system aim to promote capital market stability and recovery.