April 1 Macroeconomic index:From gold rally to global supply chain challenges

Latest Global Major Index

International Crude Price Trend & Exchange Rate of RMB to USD Trend

Domestic News

1. Spot gold has not stopped rally

2. The Administrative Measures for Beijing Zhongguancun Comprehensive Bonded Zone was promulgated

3. Toyota's demand for hybrid vehicles soars, and buyers need to wait 60-70 days

4. Ministry of Industry and Information Technology: On the eve of the outbreak of brain-computer interface and other technical products, the "Guiding Opinions on Promoting the Innovation and Development of the Brain-Computer Interface Industry" will be issued

5. IDC: China's accelerated server market will exceed 100 billion US dollars in 2029

 International News

1. Japanese institutions: Japan's price increase in April is expected to hit a one-and-a-half-year high for food types

2. The United States has revoked the authorization of multinational companies to export Venezuelan oil, and the Venezuelan said that it had been prepared for a long time

3. The Prime Minister of Israel appointed Sharvit as the new security chief

4. The House of Councillors Committee of Japan approved further amendments to the FY2025 budget

5. UK interest rate futures

Domestic News

1. Spot gold has not stopped rally

Spot gold maintained a bullish rally, hitting $3,120 an ounce upward, up 1.13% on the day.

2. The Administrative Measures for Beijing Zhongguancun Comprehensive Bonded Zone was promulgated

According to the WeChat official account of "Beijing Haidian", on March 29, at the 2025 ZGC Forum Annual Conference "International Technology Trade Matchmaking Conference - Asia-Pacific Innovative Technology Industry Docking and Cooperation Special Session", the "Beijing Zhongguancun Comprehensive Bonded Zone Management Measures" was officially released, which was implemented from March 21, 2025. The "Measures" make it clear that Zhongguancun Comprehensive Bonded Zone will focus on the development of new quality productivity and the construction of a world-leading science and technology park, give full play to its location advantages and policy advantages, actively develop businesses featuring R&D and innovation, carry out high-level scientific and technological self-reliance and self-improvement, and create a high-level open and innovative development highland.

3. Toyota's demand for hybrid vehicles soars, and buyers need to wait 60-70 days

According to four people familiar with the matter, demand for Toyota's gasoline-electric hybrids has soared, and suppliers have struggled to keep up, leading to component shortages and car buyers having to wait for months. Toyota dealers in major markets, including the United States, Japan, China and Europe, have low hybrid vehicle inventories, two people said. According to data provided by LMC Automotive, global sales, including plug-in hybrids, have nearly tripled from 5.7 million units to 16.1 million units over the past five years. The average wait time for Toyota's European customers to buy a hybrid is 60 to 70 days, about double that of 2020, a person familiar with the matter said.

4. Ministry of Industry and Information Technology: On the eve of the outbreak of brain-computer interface and other technical products, the "Guiding Opinions on Promoting the Innovation and Development of the Brain-Computer Interface Industry" will be issued

At the brain-computer interface innovation development and application forum held at the 2025 ZGC Forum Annual Conference, Du Guangda, Deputy Director of the Science and Technology Department of the Ministry of Industry and Information Technology, said that the rapid evolution of artificial intelligence technology is promoting future-oriented intelligent technologies and products such as brain-computer interfaces to quickly enter the eve of the outbreak. Next, the Ministry of Industry and Information Technology will strengthen the top-level design, strengthen coordination with relevant departments, and issue the "Guiding Opinions on Promoting the Innovation and Development of the Brain-Computer Interface Industry", strengthen policy guidance at the national level, clarify the industrial development goals and key tasks, adhere to the demand traction, systematic layout, overall promotion, and promote the formation of a joint force by all parties to jointly promote the innovation and development of the brain-computer interface industry. (21 Finance)

5. IDC: China's accelerated server market will exceed 100 billion US dollars in 2029

According to the latest IDC report, the introduction of open-source algorithms such as DeepSeek has further lowered the threshold for deploying large models, making enterprises more inclined to deploy large models locally, using basic models trained by model vendors to fine-tune private domain data to enhance business capabilities. IDC predicts that China's accelerated server market will exceed $100 billion by 2029. Among them, the market size of non-GPU servers will be close to 50%.

International News

1. Japanese institutions: Japan's price increase in April is expected to hit a one-and-a-half-year high for food types

According to the results of a survey released by the Imperial Database of Japan on the 31st, it is expected that 4,225 food products will increase in price in April, a new high in a year and a half since October 2023 (4,758 items). High prices of rice and vegetables have led to an increase in the cost of raw materials.

2. The United States has revoked the authorization of multinational companies to export Venezuelan oil, and the Venezuelan said that it had been prepared for a long time

On March 30, local time, Venezuelan Vice President Rodriguez announced that a number of multinational oil and gas companies operating in Venezuela had been notified by the United States in the past few hours that their authorization to export Venezuelan oil had been revoked. Previously, the United States had tightened sanctions on Venezuelan oil, revoked sanctions waivers and threatened to impose tariffs on countries that imported Venezuelan oil. In this regard, Rodriguez said that Venezuela has long been prepared and will continue to fulfill its contracts with multinational companies in accordance with its national laws. Rodriguez stressed that Venezuela does not recognize the validity of extraterritorial laws in its territory, and multinational companies do not need permission from other countries to operate in Venezuela. In the future, Venezuela will continue to remain open to the oil sector and welcome domestic and foreign investment.

3. The Prime Minister of Israel appointed Sharvit as the new security chief

On March 31, local time, Israeli Prime Minister Benjamin Netanyahu decided to appoint Eli Sharvit , former commander of the Israeli Navy, as the head of Israel's General Directorate of National Security. The Israeli Prime Minister's Office issued a statement in the early morning of 21 March, saying that the Israeli government unanimously approved Prime Minister Netanyahu's proposal to remove the head of the Israeli General Directorate of National Security from his post.

4. The House of Councillors Committee of Japan approved further amendments to the FY2025 budget

The meeting of the Budget Committee of the House of Councillors of Japan unanimously voted on the morning of the 31st to approve the further amendments to the 2025 budget submitted by the Liberal Democratic Party and the New Komeito Party. In view of the government's decision to abandon the upper limit of the patient's burden under the "high medical expenses system", which has raised the cap on medical expenses, the ruling parties and the ruling parties have revised the budget again. With the approval of the government and the Japan Restoration Society, the budget submitted by the government was passed. The Senate would hold a plenary session in the afternoon, and after passing the vote, it would be transferred to the House of Representatives, and it is expected to be voted on in the plenary session of the House of Representatives in the evening. If the Budget is approved by the House of Representatives after being amended by the Senate, it will be the first time under the current Constitution. (Kyodo News)

5. UK interest rate futures

UK interest rate futures show that the Bank of England is expected to cut rates by about 55 basis points by the end of 2025, compared with expectations of 48 basis points on Friday.

Domestic Macro Economy Index