- Shenzhen Airport reported a record-high number of single-day flights and outbound passengers, while the first batch of real estate project 'white lists' was released, involving 3,218 projects. The Shanghai Investment Promotion Conference emphasized strengthening investment planning, and new carbon emission trading regulations will take effect on May 1, 2024.
- China's State Administration of Financial Regulation has set loan term limits, with fixed asset loans not exceeding 10 years and personal consumption loans not exceeding 5 years. The State Financial Supervision Bureau also restricts the use of working capital loans. Meanwhile, the Ministry of Foreign Affairs emphasizes China's openness to foreign investment, noting positive sentiment among foreign businesses. Internationally, French industrial output saw a sharp increase, and Thailand expects a significant rise in Chinese tourists.
- China's fiscal science and technology expenditure increased from 832.7 billion yuan in 2018 to 1,056.7 billion yuan in 2023, with an average annual growth rate of 6.4%. Xi Jinping emphasized the importance of scientific and technological innovation and the development of the digital economy, aiming to build a digital industrial cluster with international competitiveness.
- In the fourth quarter of 2023, the satisfaction of foreign-invested enterprises with China's business environment continued to increase, with nearly 70% optimistic about the Chinese market over the next five years. Additionally, the National Bureau of Statistics reported an 8.2% increase in turnover for cultural and related industries.
- In the fourth quarter of 2023, satisfaction among foreign-funded enterprises with China's business environment increased, and the turnover of cultural and related industries grew by 8.2%. Additionally, Japan's job market remains tight, and the Reserve Bank of New Zealand may raise interest rates next month.
- Chinese equity funds recorded inflows of $11.9 billion in the past week, the largest since July 2015. Meanwhile, tensions in the Middle East led to a 1% increase in oil prices, with Brent crude rising 1.3%. The Fed has a 97.9% chance of keeping interest rates unchanged this week.
- Chinese equity funds recorded inflows of $11.9 billion in the past week, the largest since July 2015. Meanwhile, oil prices are set to record their largest weekly increase since October last year due to geopolitical tensions and falling U.S. crude inventories.
- Jiangsu Pacific Quartz expects slower growth in the photovoltaic industry in 2024 compared to 2023. Henan Province achieved 76% of its grain output from high-standard farmland, contributing to a stable annual grain output of 132.49 billion catties. The Ministry of Human Resources and Social Security is promoting national pension insurance planning, and the State-owned Assets Supervision and Administration Commission aims to improve the quality of listed companies.
- Heilongjiang Province's import and export value increased by 12.3% year-on-year in 2023, reaching a record high of 297.83 billion yuan. China's grain output also hit a record high of 1,390.82 billion catties in 2023, up 17.76 billion catties from the previous year. SUNGROW reported strong financial performance, with net profit expected to rise by 159%-187% year-on-year. The pig market is expected to improve in the second quarter.
- China remains optimistic about the consumption trend in 2024, despite global economic challenges. A significant lithium discovery in Yajiang, Sichuan, has the potential to boost the domestic lithium industry. Additionally, Anhui Province saw a substantial increase in RMB loans, and the National Development and Reform Commission is promoting the expansion of new energy vehicle consumption.
- China remains optimistic about the 2024 consumption trend, supported by a large market, urban-rural integration, and continuous policy efforts. The government's low debt and inflation levels provide ample room for macroeconomic policy implementation. Trade remains stable with optimized structures, and automobile production, especially new energy vehicles, saw significant growth in December.
- China's State Intellectual Property Office is improving patent examination standards for new technologies like AI and big data. Meanwhile, Guangxi's total import and export value reached 693.65 billion yuan in 2023, marking a 7.3% increase year-on-year. The ten thousand ton battery-grade lithium carbonate project in Zabuye Salt Lake has entered trial production, and China Coal Group plans to liquidate its 20% stake in Shanyin Rural Commercial Bank.
- On January 12th, the National Bureau of Statistics released data showing that China's CPI fell by 0.3% year-on-year in December 2023, while PPI fell by 2.7%. Experts predict stronger interest rate cuts in January and a possible RRR reduction after the Spring Festival to boost economic growth and market confidence.
- China's automobile sales reached 30.094 million units in 2023, a 12% increase year-on-year, with exports up 58%. Public charging piles in December 2023 saw a 51.7% year-on-year increase, totaling 2.726 million.
- The Chinese Ministry of Commerce is studying and reserving new policies to boost foreign trade, focusing on cross-border e-commerce and the 'Belt and Road' initiative. Meanwhile, 13 departments plan to extend 5G and gigabit optical networks to border areas by the end of 2025, aiming to enhance connectivity and infrastructure.