- Shanghai's total import and export value to BRICS countries increased by 31.8% in the first two months of 2024. Additionally, China now has over 100 large AI models with more than 1 billion parameters, significantly advancing various industries. The food consumption market in China grew by 10.31% in 2023, and Shenzhen issued measures to promote the high-quality development of high-end equipment industry clusters.
- China is actively expanding its data industry ecosystem and increasing the cultivation of data vendors and third-party service institutions. The Ministry of Commerce highlights that green and low-carbon transformation will release significant market demand. Meanwhile, international news covers Ukraine's energy crisis, ceasefire talks in Gaza, South Korea-EU digital trade negotiations, and a severe geomagnetic storm warning in the US.
- China's Ministry of Commerce is assessing the potential impact of a US 'Section 301' investigation on the shipbuilding industry. Meanwhile, the RMB experienced a sharp decline of 500 points due to the triggering of stop-loss orders by offshore hedge funds. Foreign investment in China continues to show structural optimization, and Guangzhou Nansha is supported for cutting-edge scientific innovation.
- 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.