China's annual export rate in November was 5.8%, the previous value was 11.20%. China's annual import rate in November was -4.7%, while the previous value was -3.70%.8.8 billion cubic meters of natural gas is supplied to Hubei. It was learned from Huazhong Company, the State Pipe Network Group, that on the basis of delivering more than 8.2 billion cubic meters of natural gas to Hubei last year, considering the growing demand for natural gas in Hubei, the company further implemented the natural gas supply resources. It is estimated that 8.8 billion cubic meters of natural gas can be delivered to Hubei this year, accounting for 97.7% of Hubei's natural gas market, which can guarantee Hubei's people's livelihood and economic development needs this winter.Liang Zhonghua of Haitong Securities: The general direction of "positive" macro policy in 2025 has been determined, and the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on December 9 to analyze and study the economic work in 2025. Liang Zhonghua, chief macro analyst of Haitong Securities, said that judging from the statement of the meeting, the general direction of "positive" macro policy in 2025 is certain. Among them, "supernormal countercyclical adjustment" was put forward for the first time. Liang Zhonghua analyzed that "supernormal adjustment" may be different from QE (quantitative easing) in western countries, but refers to a traditional tool that has grown steadily in the past few years, making a breakthrough on the margin and playing the role of "keeping innovation" and "enriching and perfecting the policy toolbox". Judging from the policies that have been issued since September, this round of steady growth is a steady growth under the framework of "high quality". The high-quality framework will not change, and there will be no strong stimulation of flood irrigation. The meeting proposed to "implement a more active fiscal policy and a moderately loose monetary policy". Liang Zhonghua believes that next year's finance is expected to make further marginal efforts. It is expected that deficit ratio may improve. At present, 3.5%-4.0% is more likely, and the scale of special bonds may be marginally increased. Special government bonds supporting "duality" and "two innovations" will continue to be issued or increased. In addition, the debt-melting policy launched in November will also be the financial focus next year, and it is expected that special government bonds may be issued to supplement bank capital. In addition, the gradual interest rate cut will continue next year, and the structural monetary policy will continue to exert its strength. The meeting stressed that "it is necessary to vigorously boost consumption, improve investment efficiency, and expand domestic demand in all directions." In this regard, Liang Zhonghua believes that compared with Politburo meeting of the Chinese Communist Party's statement of "expanding domestic demand with the focus on boosting consumption" in July, this meeting pays more attention to expanding domestic demand, and its support is expected to be further increased in the future. Since the beginning of this year, with the extra-long special national debt funds in place, the consumption of consumer goods trade-in policy has gradually emerged. There is still room for further efforts to expand domestic demand policies such as replacing old consumer goods with new ones next year. Liang Zhonghua also mentioned that this meeting clearly put forward "stabilizing the property market and stock market", which shows that the policy pays high attention to the property market and stock market. As an important signal to pay attention to the economy and expectations, the policies of the property market and stock market are also positive.
In the arrest warrant of Jin Longxian, the South Korean prosecutor clearly identified Yin Xiyue as the "chief offender of civil strife". According to a report by South Korea's Central Daily News on the 10th, on the 9th, South Korean President Yin Xiyue became the first incumbent president who was banned from leaving the country. This was the decision only six days after the "12.3 Emergency Martial Law Incident". On the same day, when the South Korean prosecutor applied for the arrest of former Defense Minister Jin Longxian, Yin Xiyue was clearly identified as the first offender of the crime of civil strife. According to the report, the South Korean prosecutor identified Jin Longxian as one of the leaders of civil strife in the arrest warrant, and was suspected of suggesting the implementation of emergency martial law and participating in important civil strife tasks. Yin Xiyue, who ordered the declaration of martial law, was accused of being "the first offender of rebellion". It is understood that the prosecution also listed other major commanders who deployed armed forces to Congress and other places as accomplices in civil strife. (Zhongxin. com)China's trade account in November was 97.44 billion yuan in US dollars, with an expected 93.5 billion yuan and a previous value of 95.72 billion yuan.General Administration of Customs: Import and export of general trade and processing trade increased. According to customs statistics, in the first 11 months, China's general trade import and export was 25.5 trillion yuan, an increase of 3.7%, accounting for 64.1% of China's total foreign trade. Among them, the export was 15.04 trillion yuan, up by 7.9%; Imports reached 10.46 trillion yuan, down 1.8%. In the same period, the import and export of processing trade was 7.22 trillion yuan, up by 3.6%, accounting for 18.1%. Among them, exports were 4.58 trillion yuan, an increase of 1.8%; Imports reached 2.64 trillion yuan, up 6.9%. In addition, China's import and export by bonded logistics was 5.64 trillion yuan, an increase of 13%. Among them, exports were 2.2 trillion yuan, an increase of 10.9%; Imports reached 3.44 trillion yuan, up by 14.4%.
The net outflow of the main market exceeded 10 billion.Rong Sheng Development failed to pay the "20 Rong Sheng Real Estate MTN003" as scheduled, with a total principal and interest of 1,678.08 million yuan. On December 10th, Rong Sheng Real Estate Development Co., Ltd. announced that the "20 Rong Sheng Real Estate MTN003" issued by the company failed to pay the principal and interest of 1,678.08 million yuan as scheduled. The debt was due today, but the company failed to repay it in full. Rong Sheng Real Estate said that it will actively communicate with bondholders on the follow-up disposal plan to seek a solution. "20 Rong Sheng Real Estate MTN003" passed the extension plan in 2022, with the principal extended for one year and the interest extended for two years. (澎湃)What does it mean for China's chip exports to exceed one trillion yuan? According to the latest data of the General Administration of Customs today, the export value of integrated circuits in China in the first 11 months was 1.03 trillion yuan, up 20.3% year-on-year. It is not easy for chip exports to break through trillions. In recent years, the United States has continuously suppressed China's chip industry, not only by itself, but also by pulling its allies to "contain" it. In this case, the export of integrated circuits in China continues to grow, which shows that the U.S. sanctions have not stopped the development of China's chip industry. Now, in all aspects of chip manufacturing, design, packaging and testing, China enterprises are far from the most advanced in the world, although there is still a gap, but they all have a certain level. The determination and ability of China chip industry enterprises to catch up have exceeded expectations. (The country is a through train)
Strategy guide 12-13
Strategy guide
12-13
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13