China's economic prosperity is expected to rebound slightly in the second quarter, with GDP growth forecast at about 5.1%. The National Energy Administration is helping qualified incremental power distribution enterprises obtain legal business status, and the Ministry of Industry and Information Technology reports a 7.6% year-on-year increase in business income for China's Internet enterprises above the designated size. Additionally, the National Data Administration plans to launch a pilot project for data labeling bases to promote AI industry development.

China's economic prosperity is expected to rebound slightly in the second quarter, with GDP growth forecast at about 5.1%. South Korea's foreign direct investment (FDI) increased by 25% year-on-year in Q1, hitting a record high. The pound hovers near a four-month low as markets bet on the Bank of England cutting interest rates before the Fed. The rupiah fell to a four-year low due to foreign capital outflow and a stronger dollar.

China's manufacturing PMI hit a 13-month high in March, driven by improved external demand. Zhejiang advances institutional opening in its free trade zones, and the 'East Channel' of the China-Europe Railway Express sets a new record in Q1. South Korea's chip exports surge, and the UK faces challenges in car exports to Canada due to expired trade rules.

CITIC Securities expects stable industrial enterprise profits in the short term. Shanghai's GDP reached 4.72 trillion yuan in 2023, ranking among the top cities globally. Beijing's industrial enterprises saw a 9.0% year-on-year increase in operating income. The State Information Center predicts the penetration rate of new energy vehicles will rise to 60% by 2033.

CITIC Securities expects stable growth in industrial enterprise profits, while Shanghai's GDP reached 4.72 trillion yuan in 2023, ranking among the world's top cities. Beijing's industrial enterprises saw a 9.0% year-on-year increase in operating income, and the State Information Center predicts a continued rise in new energy vehicle penetration.

From January to February, China's state-owned construction land supply increased by 4.8% year-on-year to 67,000 hectares. The largest coalbed methane field in China set a new record with daily gas production exceeding 7 million cubic meters. Beijing released 50 key tasks to promote high-quality development, focusing on scientific and technological innovation. Additionally, there were 451 new sea-using projects across the country, marking a significant increase.

Shanghai's total import and export value to BRICS countries increased by 31.8% in the first two months of 2024. Additionally, China now has over 100 large AI models with more than 1 billion parameters, significantly advancing various industries. The food consumption market in China grew by 10.31% in 2023, and Shenzhen issued measures to promote the high-quality development of high-end equipment industry clusters.

China is actively expanding its data industry ecosystem and increasing the cultivation of data vendors and third-party service institutions. The Ministry of Commerce highlights that green and low-carbon transformation will release significant market demand. Meanwhile, international news covers Ukraine's energy crisis, ceasefire talks in Gaza, South Korea-EU digital trade negotiations, and a severe geomagnetic storm warning in the US.

China's Ministry of Commerce is assessing the potential impact of a US 'Section 301' investigation on the shipbuilding industry. Meanwhile, the RMB experienced a sharp decline of 500 points due to the triggering of stop-loss orders by offshore hedge funds. Foreign investment in China continues to show structural optimization, and Guangzhou Nansha is supported for cutting-edge scientific innovation.

Germany's economic downturn eased slightly in March, with the services sector showing signs of stabilization, while the manufacturing sector remained sluggish. Meanwhile, Vladimir Putin won the Russian presidential election, and business activity in France continued to decline due to weak demand. In the UK, the budget deficit in February was higher than expected.

In February, China's game market revenue increased by 15.12% year-on-year to 24.875 billion yuan, with mobile games leading the growth. Meanwhile, the total assets of China's financial institutions reached 461.09 trillion yuan at the end of 2023, marking a 9.9% year-on-year increase.

Premier Li Qiang highlights the importance of rural work and grain harvest. Shanghai and Hangzhou issue land supply plans, while China provides humanitarian aid to the Gaza Strip. The Civil Aviation Administration focuses on low-altitude economic development.

In 2023, China investigated 135,000 taxpayers suspected of violating tax laws, recovering 181 billion yuan in tax losses. The National Bureau of Statistics predicts favorable factors for employment stability will continue to accumulate, and the economic growth target of about 5% is achievable.

In the first two months of 2024, Shaanxi Coal Selling and Transportation Corporation sold 44.432 million tons of coal, a 4.1% increase year-on-year. Hangzhou has liberalized second-hand housing purchase restrictions to boost market circulation. Huawei reported a 9% revenue growth in 2023, exceeding 700 billion yuan. China also expanded visa-free access to six countries, including Switzerland.

Hong Kong's tourism industry is recovering strongly with an average of 130,000 visitors per day in the first two months. Sino-US flights will increase to 50 weekly round-trips starting March 31. The Boao Forum for Asia Annual Conference 2024 will feature a series of forums on economic and technological topics.