- The European Union's wind power generation has surpassed natural gas for the first time, meeting France's entire electricity needs. Meanwhile, China has built over 3.37 million 5G base stations, with 805 million 5G mobile phone users, marking significant advancements in both regions' technological and energy sectors.
- During the Spring Festival, the operating volume of wide-body aircraft at Sanya and Haikou Airports reached a record high, with Sanya Airport handling an average of 136 wide-body aircraft daily. Meanwhile, the ultra-long holiday has ignited a tourism boom, and tourism consumption is expected to maintain an upward trend in 2024.
- China's State Administration of Financial Supervision and Administration will enhance urban real estate financing, while the US military illegally stationed in Syria continues to steal oil and grain using 160 vehicles. The Sino-US Economic Working Group held its third meeting, and a report shows that China remains a key investment destination for US companies.
- Shenzhen Airport reported record-high passenger numbers and flights during the Spring Festival, while China's first batch of 'white lists' for real estate projects was released. Additionally, the Interim Regulations on the Administration of Carbon Emission Trading will take effect on May 1, 2024.
- 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.
- On January 26, 2024, key macroeconomic news includes: China's gold consumption increased by 8.78% in 2023, reaching 1,089.69 tons. Additionally, new energy storage capacity in China surpassed 30 million kilowatts, with a cumulative installed capacity of 31.39 million kW by the end of 2023. The rapid development of new energy storage has driven significant economic investment and industrial growth.
- 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.
- 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.