On July 19th, the 20th CPC Central Committee outlined comprehensive reforms for a high-level socialist market economy by 2035. Domestically, Shanghai issues 24.0197 billion yuan in special bonds, and NIO adjusts discounts. Internationally, the ECB maintains interest rates, and OPEC+ retains production increase plans.

On July 18th, the Ministry of Commerce held a roundtable on equipment renewal policies, and the Ministry of Natural Resources aims to increase lithium ore supply. Internationally, the ECB is expected to maintain rates, while Japan warns of unlimited forex intervention. Domestic new energy vehicle production in Beijing surged 3.5 times year-on-year.

On July 17th, domestic news highlighted the National Energy Administration's promotion of charging infrastructure, increased real estate M&A activity, and policy optimizations for car purchases. Internationally, Japan's intervention in the yen and Eurozone consumer loan demand increases were notable developments.

The Central Bank reduced the MLF, potentially lowering the LPR in July. Housing prices showed a narrowing decline, led by Shanghai. China's economy remains a key driver of global growth. By 2025, coal-fired power low-carbon projects will commence. International news includes stable RBA rates despite inflation, and a new Sino-Australian spodumene offtake agreement. (July 17, 2024)

On July 15th, domestic news includes falling mortgage interest rates, new LPR release, and policy measures for cross-border trade. Internationally, Russia relaxes forex rules, Korea's auto exports hit record highs, and Iraq commits to production cuts until September 2025.

On July 12th, China successfully built the world's first 6G trial network, while the Ministry of Commerce addressed EV subsidy concerns. Internationally, Japan's 40-year bond yield hit 3% for the first time, and the IEA revised oil demand and supply forecasts.

On July 11th, key domestic news includes Shanghai expanding intelligent vehicle applications and increased battery sales, while internationally, the Bank of Japan may revise growth forecasts and Saudi Aramco launches its first bond offering since 2021.

On July 10th, key developments include MIIT's regulations on the photovoltaic industry, Shenzhen's carbon neutrality guidelines, and European natural gas price drops due to reduced Asian demand. Additionally, Germany's budget agreement may boost GDP growth, and congestion affects Malaysian ports.

CSSC reports significant profit growth, while new energy vehicle exports rise. French government uncertainty and German export declines impact global markets. Smart homes emerge as a new selling point in China’s real estate market. (July 9th, 2024)

On July 9th, updates include China's auto association's dissatisfaction with EU duties, measures to combat financial fraud, high-quality development initiatives, weak building material demand, and international news such as Russia's rice export restrictions and potential Fed interest rate cuts.

The People's Government, Bayan Obo Mining Area, Baotou, TDD

On July 5th, the China Photovoltaic Industry Association held a meeting on financial risks, while the Ministry of Industry and Information Technology released AI industry guidelines. Internationally, Italy’s service sector continued to grow, and oil demand is expected to weaken in 2025.

On July 3rd, the domestic economy saw updates on long-term bond interest rates, auto imports and exports, and digital infrastructure. Internationally, coal ship queues in Australia reached a 23-month high, euro area inflation eased, and oil prices approached two-month highs due to Middle East tensions and hurricane concerns.

The State Council clarified transitional arrangements for existing companies' subscription periods, while lithium battery manufacturers reported growing orders. Wang Zhe noted sustained expansion in manufacturing supply and demand. Internationally, the UK yield curve normalized, and US Treasury yields rose amid Fed policy focus. (July 2nd)

On July 2nd, key domestic news includes the introduction of regulations for rare earth management, increased imports from developing countries, and acceleration of special bond issuance. Internationally, U.S. banks announced interest rate hikes, and Germany saw a significant increase in arms exports due to the Russia-Ukraine conflict.