CFFEX held a symposium to enhance the stability of the financial futures market, while the Shanghai Futures Exchange adjusted risk control measures. Internationally, the U.S. PCE rebounded sharply, causing the three major stock indexes to open lower, and the Fed faces a difficult position due to economic slowdown and inflation rebound.

China's economic recovery remains stable, with key indicators showing positive trends. Several mergers and acquisitions of small and medium-sized banks were approved, enhancing the stability and efficiency of the banking system. The added value of Guangdong's industrial enterprises grew by 6.1% year-on-year in Q1. Internationally, the ECB suggests a single interest rate cut may not lead to a series of cuts, and the IEA predicts 17 million electric vehicles will be sold globally in 2024.

In the first quarter of 2024, China's social insurance funds reported a total income of 2.2 trillion yuan and a total expenditure of 1.8 trillion yuan. The country created 3.03 million new urban jobs, maintaining a stable employment situation. Additionally, AEO enterprises accounted for 36.31% of total import and export volume, while auto imports fell by 4% year-on-year.

China's 1-year and 5-year LPR rates remained unchanged in April, while the promotion and application of hydrogen energy vehicles are expected to accelerate. PetroChina completed the world's first bio-jet fuel physical cargo window transaction, and the Ministry of Water Resources reported a 15.8% increase in water conservancy projects in Q1.

China's cross-border e-commerce import and export in Q1 reached 577.6 billion yuan, growing 9.6%. Shenzhen's import and export volume hit 1.02 trillion yuan, marking the first time it surpassed the trillion yuan mark in the same period over the past decade. The GDP of Liaoning Province increased by 5.4% year-on-year in Q1.

China's trade surplus in goods and services hit over $60 billion in Q1, while unemployment rates showed variations across different age groups. The central bank discussed M2 exceeding 300 trillion yuan and potential monetary policy adjustments. Internationally, Japan's food exports to China fell by 33.6% due to nuclear contamination concerns.

The RMB has depreciated below the 7.1 mark, while the China-US Economic Working Group discussed trade restrictions. Globally, the UK pound rises due to stronger-than-expected inflation, and the Philippine peso falls below 57 per dollar, increasing pressure on the central bank to intervene.

China's GDP grew 5.3% year-on-year in Q1, with fixed asset investment increasing by 4.5% from January to March 2024. The National Bureau of Statistics emphasized the importance of technological transformation and the development of emerging industries. Meanwhile, the EU plans to investigate China's medical device procurement, and UBS strategists predict a possible Fed interest rate hike to 6.5% next year.

China continues to lead the world in nuclear power construction with 26 units under construction. Bilateral trade between China and Australia grew by 4.1% in 2023, with China remaining Australia's largest trading partner for 15 consecutive years.

The RMB exchange rate stabilized after short-term fluctuations, supported by improving economic conditions. In the first quarter, China's SME development index rose by 0.2 points, indicating a rebound in production and business operations. Meanwhile, global wafer foundry revenue increased by about 10% quarter-on-quarter in Q4 2023.

China's CPI year-on-year growth narrowed to 0.1% in March, while the PPI decline expanded to 2.8%. The Asian Development Bank (ADB) forecasts strong economic growth for the Asia-Pacific region, with a projected 4.9% growth rate in 2024. Small and medium-sized banks in China have also reduced interest rates on time deposits.

China's Ministry of Finance sets a moderate and reasonable deficit rate of 3% for 2024. Vehicle exports in March reached 502,000 units, marking a 37.9% year-over-year increase, driven by robust market activity and economic improvements.

The RMB exchange rate against the US dollar has stabilized and rebounded after short-term fluctuations. In the first quarter, China's SME development index rose by 0.2 points, reflecting ongoing economic recovery and policy effectiveness.

China's State Administration of Financial Supervision and Administration held a unified listing ceremony, strengthening the county-level financial regulatory system. The National Energy Administration emphasized the importance of building a robust energy production, supply, storage, and marketing system. Small and medium-sized banks announced reductions in deposit interest rates, and despite high base points, March exports are expected to remain resilient.

The National Energy Administration plans to accelerate the development of clean energy, focusing on wind power and distributed photovoltaics. Meanwhile, the EU and the US have announced a strengthened partnership in AI, aiming to ensure safety and utility while updating key AI terms.