February 19th, Global Indices and Key Economic Updates
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International Crude Price Trend and Exchange Rate of RMB to USD Trend
Domestic News
1. Baoxin Energy: Further grasp the efficient and clean operation of coal power
2. The total number of 5G base stations in China exceeds 3.37 million
3. Shanghai Pudong Development Bank comprehensively promotes the implementation of the urban real estate financing coordination mechanism
4. The daily average number of passengers sent by the Yangtze River Delta Railway during the Spring Festival holiday exceeded 2.15 million, an increase of more than 60% compared with 2019
International News
1. Palestinian officials: The Israeli side has hindered the Palestinian-Israeli ceasefire talks
2. The Russian Defense Minister said that the Russian army has taken full control of Avdeyevka
3. The NATO Secretary-General opposes the idea of a pan-European nuclear weapon
4. The wind power generation in the EU firstly exceeds natural gas
Domestic News
1. Baoxin Energy: Further grasp the efficient and clean operation of coal power
Baoxin Energy said on the interactive platform that the company will actively comply with the general trend of energy development, make the main business of energy and power bigger, stronger and better, further grasp the efficient and clean operation of coal power, improve the technology research and innovation capabilities, improve the level of safety, environmental protection and energy conservation, and actively pay attention to the development of new technologies, further improve quality and efficiency, promote its transformation and upgrading, so as to achieve high-quality development.
2. The total number of 5G base stations in China exceeds 3.37 million
Recently, it was learned from the Ministry of Industry and Information Technology that by the end of 2023, China has built a total of 3.377 million 5G base stations, and 805 million 5G mobile phone users. The network foundation is becoming more and more complete. China has built the world's largest optical fiber and mobile broadband network, and the proportion of 5G in administrative villages across the country exceeds 80%. At present, more than 90% of the base stations have been co-built and shared, and the energy consumption of a single site of 5G base stations has been reduced by more than 20% compared with the initial stage of commercial use.
3. Shanghai Pudong Development Bank comprehensively promotes the implementation of the urban real estate financing coordination mechanism
In order to thoroughly implement the spirit of the Central Financial Work Conference and make good use of the policy toolbox according to the city's policies, SPD Bank actively connects with the local real estate financing coordination mechanism and obtains the white list of real estate projects, establishes a green channel for credit, accelerates the risk assessment and credit approval of real estate projects, accurately supports the reasonable financing needs of real estate projects, an d promotes the steady and healthy development of the real estate market.
4. The daily average number of passengers sent by the Yangtze River Delta Railway during the Spring Festival holiday exceeded 2.15 million, an increase of more than 60% compared with 2019
It was learned from China Railway Shanghai Bureau Group Co., Ltd. that as of February 17, the 2024 Spring Festival holiday officially came to an end, and the Yangtze River Delta Railway sent more than 17 million passengers in 8 days during the holiday, with an average daily of more than 2.15 million passengers, an increase of more than 60% over the same period in 2019. February 18 (the ninth day of the first month) is the first working day after the holiday, the Yangtze River Delta Railway is expected to send 2.52 million passengers today, plans to open 443 additional passenger trains, 178 EMU trains for reconnection marshalling. The railway department expects that before the 15th day of the first lunar month, the large flow of returning passengers will continue.
International News
1. Palestinian officials: The Israeli side has hindered the Palestinian-Israeli ceasefire talks
In an interview with the main station, Firth, head of prisoner affairs of the Palestinian National Authority, said that in the new round of Palestinian-Israeli ceasefire talks held in Cairo, Egypt a few days ago, the differences between Israel and Hamas are still difficult to bridge due to the Palestinian internal political struggle, and at the same time, Israel's military operations in the Gaza Strip are continuing, and these factors have seriously hindered the progress of this negotiation.
2. The Russian Defense Minister said that the Russian army has taken full control of Avdeyevka
Finance Associated Press, on February 19, reported that combine RIA Novosti and TASS news, on February 19, local time, the Russian Ministry of Defense said that the Russian army completely gained control of the Avdeyevka coking plant. On February 17, local time, Russian Defense Minister Sergei Shoigu reported to Russian President Vladimir Putin that the Russian army has fully controlled the city of Avdeyevka, an important defense hub of the Ukrainian army, and the Russian army is taking measures to continue to clear the Ukrainian army personnel in the city and surround the Ukrainian troops that still stranded in the Avdeyevka coking plant.
3. The NATO Secretary-General opposes the idea of a pan-European nuclear weapon
NATO Secretary General Jens Stoltenberg said that building a nuclear capability for Europe would not bring any benefit when a nuclear deterrence system has already been developed within the framework of NATO. "The idea of developing their own parallel joint nuclear deterrence system in a number of NATO countries, which does not include the United States and Great Britain, will not lead to benefits and will only undermine the nuclear deterrence that has been effective for many years," Stoltenberg said at the Munich Security Conference. He also noted that any discussion of questioning the existing nuclear deterrence system will only undermine NATO.
4. The wind power generation in the EU firstly exceeds natural gas
For the first time, wind power in the EU has surpassed natural gas and is able to meet France's entire electricity needs, according to a research report. The EU's energy emissions fell by 19% in 2023. Wind and solar power generation continues to grow, with the combined generation of 27% of the EU's electricity generation, reaching a record high, according to the report. Among these, wind power accounts for 18% of the EU's electricity, equivalent to 475 TWh and France's entire electricity needs. For the first time, the share of wind power surpassed that of natural gas. Overall, the share of renewable energy in the EU's electricity generation rose to a record 44%.
Domestic Macro Economy Index
