- On November 13th, the Ministry of Finance allocated 10.7 billion yuan for inclusive financial development, while core inflation in the U.S. and Europe slowed, impacting central bank policies. Domestic commodity imports increased, and OPEC data points to a significant oil supply gap. High-grade bonds face refinancing risks, and U.S. Treasury yields may remain elevated.
- On November 13th, key insights include steady promotion of local financing platforms in China, optimistic U.S. economic outlook, Russia's capital control measures, and Fed's commitment to maintain high interest rates. Domestic GDP growth is expected to exceed 4% YoY in Q3.
- On November 13th, domestic macroeconomic news highlighted significant tax cuts exceeding 1.15 trillion yuan in the first eight months. New energy vehicle exports surged, reaching 825,000 units from January to September. Internationally, U.S. crude oil exports hit a record high, and British gas prices saw a sharp increase of over 13%. Additionally, the Finnish president suggested external acts may have damaged the gas pipeline connecting Finland and Estonia.
- On November 13th, China's SME Development Index rebounded, while the Ministry of Commerce emphasized digital trade and accelerated China-ASEAN FTA negotiations. Internationally, Yellen discussed cracking down on Russian oil price limits, and economists predicted continued Fed rate hikes and potential U.S. economic slowdown.
- DOMESTIC AND INTERNATIONAL NEWS
- On November 13th, key updates include 42 Chinese companies added to the U.S. export control list, major projects in Anhui with a total investment of 707.46 billion yuan, and a drop in U.S. consumer credit. Former U.S. Treasury Secretary Summers warns of increased risk of economic hard landing due to less effective Fed rate hikes.
- The domestic tourism industry saw 826 million trips and 753.43 billion yuan in revenue during the Mid-Autumn and National Day holidays. The electronic information manufacturing industry showed recovery, with added value increasing by 0.9% YoY from Jan-Aug. Internationally, the US non-farm payroll surged, while the WTO lowered its 2023 global trade growth forecast. (November 13th)
- Shanghai Port's container throughput increased by 3.6% YoY to 32.14 million TEUs in the first eight months. Domestic news includes updates on civil affairs spending and the release of the 'Top 500 Private Enterprises' list. Internationally, Japan's central bank may end its negative interest rate policy, and UK employment data aligns with expectations.
- On September 19th, the offshore RMB recovered the 7.30 mark against the USD, while the PBOC emphasized stabilizing the exchange rate and curbing speculative behaviors. Internationally, extreme temperatures threatened fuel supplies, and the Bank of Japan hinted at ending negative interest rates. Domestically, RMB loans to the real economy increased by 10.9%, and Guangzhou broke the LPR lower limit for first-home loans.
- On September 19th, domestic news includes the revision of enterprise standardization measures, successful launch of the Remote Sensing No. 40 satellite, and updates on foreign exchange reserves. Internationally, Barclays forecasts a slowdown in global economic growth, Russia's increased LNG exports, and upcoming G20 agreements on rail and port connectivity.
- On September 19th, key updates include Shanghai's housing provident fund support for urban renewal, reductions in housing loan interest rates by the Bank of Communications, and a decrease in China's foreign exchange reserves. Internationally, the US dollar hit a six-month high, Eurozone GDP growth slowed, and Germany's industrial production continued to decline.
- On September 11th, global manufacturing PMI showed a slight rebound, signaling a weak recovery. Domestically, the Shanghai Composite Index rose 0.12%, and policies are being adjusted to boost liquidity and real estate. Internationally, German factory orders declined sharply, and the Philippine central bank is prepared to tighten monetary policy if needed.
- On September 6th, domestic news includes Jiangsu's new policies on housing loans and reduced deposit interest rates in Zhengzhou. Internationally, eurozone inflation remains steady, impacting ECB decisions, while the BoJ maintains its bond purchase plan. Key indexes and trends are provided.
- On September 6th, key updates include Wuxi implementing 'recognizing housing but not recognizing loans,' RMB becoming the world's fifth largest reserve currency, and the detection of tritium in Japan's nuclear contaminated water discharge. Additionally, U.S. stocks were closed for Labor Day, and the Russian Central Bank plans to extend foreign exchange cash transaction restrictions.
- On September 6th, key updates include domestic policy measures for industrial growth, breakthroughs in deep-sea electromagnetic detection, and international developments such as the Federal Reserve of Australia maintaining rates and Goldman Sachs reducing recession probability estimates.