August 5th Macroeconomic Index: Guangxi's ASEAN Trade Hits Record High, Domestic Housing Pressure Eases
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Domestic News
1. According to China Real Estate News, with the decline in housing prices and the increase in residents' disposable income year by year, the pressure on residents to buy houses is being effectively alleviated
2. Kangmei China's Chinese herbal medicine price (monthly) index shows that from mid-2023 to mid-2024, the index trend was V-shaped, and it hit a record high in July this year
3. In the first half of 2024, Guangxi's imports and exports to ASEAN was 185.62 billion yuan, a record high for the same period in history, a year-on-year increase of 26.7%
4. The Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council held an enlarged meeting, emphasizing the need to further deepen the reform in a more prominent position
5. The number of passengers appeared at Shenzhen land port has hit a new high since the full reopening
International News
1. The Israel stock index followed the decline, and there are two possibilities in the future
2. Satellite images show the first LNG ship docked at a sanctioned Russia plant
3. South Korea's exports to China recovered in July, up 14.9% year-on-year
4. Duan Yongping responded to Buffett's reduction of nearly half of Apple's shares: there is no plan to reduce his holdings
5. The news of Warren Buffett's large-scale sell-off of Apple stocks has aroused great attention in the investment circle
Domestic News
1. According to China Real Estate News, with the decline in housing prices and the increase in residents' disposable income year by year, the pressure on residents to buy houses is being effectively alleviated
The results show that the average house-to-income ratio in 35 large and medium-sized cities has dropped from 16.03 in 2019 to 11.87 this year, with an overall decline of 26%. According to data from China's housing price market, the median house price in the country was 1.3 million yuan five years ago, and the median house price has dropped to 1.2 million yuan at present.
2. Kangmei China's Chinese herbal medicine price (monthly) index shows that from mid-2023 to mid-2024, the index trend was V-shaped, and it hit a record high in July this year
During the two Sessions this year, a number of deputies to the National People's Congress or members of the Chinese People's Political Consultative Conference proposed the establishment of a national reserve of Chinese herbal medicines to stabilize the abnormal fluctuations in the prices of Chinese herbal medicines, prevent prices from skyrocketing and plummeting, and promote the steady and benign development of the Chinese herbal medicine industry.
3. In the first half of 2024, Guangxi's imports and exports to ASEAN was 185.62 billion yuan, a record high for the same period in history, a year-on-year increase of 26.7%
With the continuous integration of the industrial chain and supply chain of the two sides, the import and export of intermediate goods was 92.12 billion yuan, an increase of 36.8%. Guangxi's main imports to ASEAN were agricultural products, up by 0.7 percent; The main export products were mechanical and electrical products, of which the exports of household appliances, lithium batteries and automobiles increased by 67.4%, 225.5% and 20.1% respectively.
4. The Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council held an enlarged meeting, emphasizing the need to further deepen the reform in a more prominent position
The Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council held an enlarged meeting, emphasizing that it is necessary to put further deepening reform in a more prominent position, do a solid job in high-quality and stable growth, continue to deepen quality and efficiency, vigorously promote scientific and technological innovation and industrial innovation, promote the development of strategic emerging industries and future industries, continue to promote the high-end, intelligent and green development of traditional advantageous industries, and further promote the deepening and upgrading of the reform of state-owned enterprises.
5. The number of passengers appeared at Shenzhen land port has hit a new high since the full reopening
On August 3, the number of passengers cleared at Shenzhen land port hit a new high since the full reopening, with 858,000 inbound and outbound passengers in a single day, including 469,000 inbound and 389,000 outbound, refreshing the customs clearance record of 847,900 on June 30. (Issued by Shenzhen Port)
International News
1. The Israel stock index followed the decline, and there are two possibilities in the future
Israel's benchmark TA-35 stock index fell 2.7% on Sunday, the biggest drop in a week, with the biggest declines in dual-listed technology stocks, catching up with Friday's U.S. stock plunge. Ronen Menachem, chief market economist at Mizrahi Tefahot Bank, attributed the stock market decline to sharp drop in U.S. stocks on Friday and Israel's "huge security tensions," and he expects the market to remain very tight. According to Menachem, investors are oscillating between two possible scenarios. First, the current escalation of the conflict continues, harming Israel's economic activity and spreading to international markets. Second, Israel's allies put more pressure on it and finally found a ceasefire in Gaza. In the latter case, the Israel stock market could return to the uptrend and even perform better than overseas markets. Less than a month ago, the TA-35 index hit an all-time high.
2. Satellite images show the first LNG ship docked at a sanctioned Russia plant
Satellite imagery shows the first LNG ship docked at the sanctioned Russia Arctic LNG 2 plant over the weekend. Russia's Novatek PJSC, which owns the plant, did not comment on the arrival of the vessel, and images taken by the Sentinel 2 satellite did not confirm that the LNG was being loaded. But the ship is about 280 meters long, which is almost exactly the length of a typical LNG ship. Satellite imagery also shows visible flames at nearby facilities, which could mean that it is burning natural gas, potentially increasing LNG production. Mehdy Touil, chief LNG expert at Calypso Commodities, said: "There is no doubt that this is an LNG carrier. The massive flames indicate that the facility has been restarted. ”
3. South Korea's exports to China recovered in July, up 14.9% year-on-year
Korea's exports to China rose 14.9% year-on-year to $11.4 billion in July, the highest since October 2022, according to data released by the Ministry of Trade, Industry and Energy of Korea and the Korea International Trade Association on August 4. From January to July this year, cumulative exports of South Korea to China amounted to $74.8 billion, surpassing exports to the United States, and China regained its position as Korea's largest exporter.
4. Duan Yongping responded to Buffett's reduction of nearly half of Apple's shares: there is no plan to reduce his holdings
Berkshire Hathaway sold nearly half of its Apple stake in its quarterly report released on Saturday. In this regard, Duan Yongping (net name the truth is invisible but I have style) replied to a netizen’s question “Have you reduced your holdings of Apple in advance”: “I have no plans to reduce my holdings, unless I am called away. The main thing is that I don't know what else I can buy after selling it now. And I think in the long run, I can accept what Apple can bring me in the future. Warren Buffett is different, he is a professional investor, and he will have more options.”
5. 6The news of Warren Buffett's large-scale sell-off of Apple stocks has aroused great attention in the investment circle
Dan Bin, Chairman of Oriental Harbor, said that Apple accounts for about 10% of the Oriental Harbor portfolio, and even if we see Buffett reducing his holdings, we have no idea of following the reduction. Investment expert Duan Yongping said that if Apple's stock price has been so strong, it would not be surprising that Buffett sold out. Duan Yongping also said that he has no plans to reduce his holdings.
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