Tuduoduo, Special Sea Line Cargo Ship

On February 1st, 2024, domestic news highlighted increased satisfaction among foreign-funded enterprises in China's business environment, while international updates included Japan's tight job market and potential wage hikes. The National Blockchain Innovation Application Pilot Summary and Exchange Meeting was held in Chongqing, emphasizing the importance of blockchain development. Additionally, the turnover of cultural and related industries grew by 8.2% in 2023.

On January 31st, 2024, domestic news highlighted increased satisfaction among foreign-funded enterprises in China, new policies for pension services, blockchain innovation, and cultural industry growth. Internationally, Japan’s job market remains tight, New Zealand may see a rate hike, Hamas seeks a complete ceasefire, and the U.S. emphasizes non-aggression towards Iran.

On January 30th, global markets saw significant movements with Chinese equity funds attracting $11.9 billion, the largest inflow since July 2015. Oil prices surged over 1% amid Middle East tensions, and the Fed is likely to maintain current interest rates. Domestic news includes record fund dividends and strong train ticket sales.

On January 29th, Bank of America reported significant inflows of $11.9 billion into Chinese equity funds, the largest since July 2015. Domestically, China's import and export balance of payments reached 4,339.1 billion yuan in December. Internationally, geopolitical tensions drove oil prices to their highest weekly gain since October, and Tesla lost over $200 billion in market value this month. The RMB will join Bangladesh's real-time payment system from February 4.

Tuduoduo, Special Sea Line Cargo Ship

Korea Importer Association, China Rural Development Association, Guolian Corporation, Lenglianduoduo

Digitalization, Guolian Corporation, Digital Economy Headquarters

On January 26th, key developments included CICC's commentary on RRR cuts, rapid growth in new energy storage capacity, and international updates on South Korea's economic growth and the Federal Reserve's interest rate adjustments. Domestic gold consumption also saw an 8.78% year-on-year increase.

On January 25th, key updates include Jiangsu Pacific Quartz addressing the photovoltaic industry's growth, Henan's high-standard farmland achievements, and international insights on inflation and market trends. Domestic news highlights pension insurance planning and state-owned enterprise improvements, while international news covers the Bank of Canada's stance, potential impacts of Trump's 2024 victory, and optimistic forecasts for Malaysia's palm oil market.

Tuduoduo, CNAUTO Platform, Strategic Cooperation Agreement, Echepei, "Warehouse Network Layout and Ten Thousands Stores Linkage"

Former President of Bosnia, Zivko Budimir, Lenglianduoduo, Guolian Corporation

On January 24th, Heilongjiang's 2023 imports and exports surged 12.3%, Sungrow's net profit rose 159-187%, and China's grain output hit a record high. Internationally, ANZ Bank sees Australian tax cuts as equivalent to two rate cuts, and the Fed is likely to keep rates unchanged in February.

The disclosure announcement of China Nuclear Titanium Dioxide, the leading manufacturer of titanium dioxide, announced that the company will comprehensively increase the sales prices of all models of titanium dioxide starting from January 19, 2024. Among them, the sales price for domestic customers is increased by 500 yuan/ton, and the sales price for international customers is increased by US$100/ton. Just three days ago, companies including Longbai Group and Huiyun Titanium also announced price increases.

The demand for polyester chain stocking during the Spring Festival has started. With the holiday approaching and fundamental support, the price support is strong. After the holiday, the industrial chain is affected by strong supply and there is a certain expectation of accumulation of inventory. However, it is expected that inventory will not exert much pressure on prices, and the market will have a strong willingness to support prices. The market situation with "strong expectations" after the Chinese Lunar New Year in 2023 will Continued in 2024.