- 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.
- As of March 13, 2024, over 800 A-share listed companies have disclosed repurchase plans, exceeding last year's total. Shanghai emphasizes cultivating new productive forces and building a modern industrial system. The Fed is unlikely to take action in March, and U.S. stocks saw gains, with the China concept stock index hitting a new high.
- Shanghai's nuclear power industry has maintained double-digit growth for four consecutive years, reaching 40.23 billion yuan in 2023. Internationally, the temporary suspension of the Keystone oil pipeline led to a rise in oil prices, and the U.S. suspension of LNG export licenses has caused concern in Japan.
- Shanghai's nuclear power industry has maintained double-digit growth for four consecutive years, reaching 40.23 billion yuan in 2023. Meanwhile, the US has suspended new LNG export licenses, causing concern in Japan. The Keystone oil pipeline's temporary suspension has led to a rise in oil prices.
- China's foreign exchange reserves increased by $6.5 billion in February, reaching $3,225.8 billion. Meanwhile, the highway charging volume of new energy vehicles surged by nearly 70% year-on-year during the Spring Festival, reflecting strong growth in the EV sector.
- Sichuan will issue over 110 million yuan in consumption vouchers, gold prices exceed 650 yuan/gram, and the national railway transported 484 million passengers during the Spring Festival. The National Energy Group also reported significant year-on-year increases in various indicators.
- Shenzhen Airport reports a strong recovery in the Southeast Asian market, with increased passenger volumes on routes to Singapore, Bangkok, Kuala Lumpur, and Sabah. Meanwhile, Guangdong Province continues to support the high-quality development of listed companies through visits and surveys, addressing operational challenges and promoting growth.
- China's 5-year LPR saw its largest decline in history, significantly reducing mortgage interest rates in Shenzhen. Meanwhile, the national futures market turnover increased by 4.93% year-on-year from January to February, despite a decrease in trading volume due to the Spring Festival holiday.
- March 4th Macroeconomic Index: China Strengthens Quality Development, Fed Signals Interest Rate CutsChina's State Administration for Market Regulation deploys quality development initiatives for enterprises, linkages, and counties. The Fed's Williams reiterates potential interest rate cuts later this year, while the U.S. EPA seeks a 'dual strategy' to reduce emissions.
- China's stock market fundraising decreased significantly in 2023, with the Shanghai and Shenzhen stock exchanges raising 437.5 billion yuan less than the previous year. Alibaba Cloud announced a 20% price cut across its services, benefiting millions of users. Domestic tourist spending surged by 140.3%, reaching 4,913.3 billion yuan. The National Bureau of Statistics added new questionnaires to better track economic changes in sectors like new energy vehicles.