Fundamental overview: According to the Natural Rubber Network, the main production areas at home and abroad are approaching the off-season of supply, coupled with the replenishment of upstream factories, raw material prices are firm

Shandong Province aims for over 5% GDP growth in 2024, while GCL Group secures a significant 1.56GW N-type module procurement project. Additionally, PetroChina establishes a digital intelligence research institute with a focus on AI and robotics, and the first ultra-deep shale gas well in southern Sichuan achieves high-yield industrial gas flow.

Xinjiang Khorgos Port recorded a record-high import and export freight volume of 41.784 million tons in 2023. Meanwhile, China's express delivery business volume reached 132 billion pieces, maintaining its global leadership for ten consecutive years. Other notable developments include Guangdong's support for Nansha's financial industry expansion and the gradual subsiding of tensions in the Red Sea region, impacting the Persian Gulf route's freight rates.

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.

In January, the Medium-term Lending Facility (MLF) incremental parity continued at 995 billion yuan. Experts predict that Reserve Requirement Ratio (RRR) and interest rate cuts are likely to occur in March or April. Additionally, China Development Bank issued 7.6 billion yuan in loans to support high-standard farmland construction, and the cumulative volume of postal express delivery packages increased by 4.8% month-on-month.

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.

In the first 11 months of 2023, China saw over 15 million new tax-related business entities, a 25.4% increase year-on-year. Over 400 million tons of grain were purchased, with stable autumn grain procurement. Domestic oil and gas production exceeded 390 million tons, marking a seven-year high. The National Health Commission reported a 5.3% increase in medical consultations and treatments.

By the end of 2023, China Southern Power Grid Energy expects the cumulative installed capacity of distributed photovoltaic projects to reach about 1,910MW, a 40% increase year-on-year. On January 8, the '200 Index of Wholesale Prices of Agricultural Products' rose 0.1 points from last Friday.

In December 2023, China's commodity supply and demand maintained an upward trend, but the growth rate slowed down. The China Commodity Index was 100.7%, down 0.6 percentage points from the previous month. Ning Jizhe emphasized strengthening counter-cyclical adjustment and making good use of fiscal policy to support economic recovery.

China's Da Bei Nong Group reported a cumulative sales revenue of 9.66 billion yuan for live pigs in 2023. The Ministry of Foreign Affairs highlighted China's role as a key driver of global economic growth. Eighteen ministries issued a plan for public service standards, and four departments promoted smart charging facilities. Internationally, Morgan Stanley turned neutral on the dollar, South Korea's auto sales exceeded 7 million units, and France saw rising inflation driven by energy and service costs.

China's State-owned Assets Supervision and Administration Commission aims to promote a strong start for central enterprises in the first quarter. Meanwhile, OPEC+ plans to hold a virtual meeting in early February to assess the oil market situation, and Malaysia's palm oil inventory in December is expected to be 2.37 million tons.