December 25th Macroeconomic Index: China Issues Over 800 Billion Yuan in Additional Treasury Bonds, AI Development Enters Critical Window

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Domestic News

1. The list of the second batch of projects for the issuance of additional treasury bonds has been issued, and the cumulative amount has exceeded 800 billion yuan

2. The Central Economic Work Conference pointed out that it is necessary to expand high-level opening up and build the brand of "Invest in China"

3. Economic Daily: Create a safe and transparent lending environment

4. Yu Xiaohui, President of the China Academy of Information and Communications Technology: The development of artificial intelligence will usher in a critical window period

International News

1. Fund managers said that the interest rate hike cycle in Europe and the United States has come to an end

2. Saudi Arabia's Minister of Energy and Japan's Minister of Economy and Trade met in Riyadh

3. Shipping giant Maersk is preparing to resume shipping in the Red Sea

4. Turkey has become the largest importer of Russian energy in the Western Hemisphere

Domestic News

1. The list of the second batch of projects for the issuance of additional treasury bonds has been issued, and the cumulative amount has exceeded 800 billion yuan

The list of the second batch of projects for the issuance of additional treasury bonds has been issued, involving more than 9,600 projects for the issuance of additional treasury bonds, and more than 560 billion yuan of treasury bonds are planned to be arranged. Fan Ruoying, a researcher at the Bank of China Research Institute, said that in the near future, the regulatory authorities have accelerated the issuance of the list of additional treasury bond projects and the allocation of funds, which is conducive to promoting the formation of physical workload as soon as possible, and it is expected that next year will be the main year for the formation of physical workload, and the growth rate of infrastructure investment is expected to increase. As the policy of stabilizing growth continues to be effective, the endogenous growth momentum of the economy will continue to improve next year.

2. The Central Economic Work Conference pointed out that it is necessary to expand high-level opening up and build the brand of "Invest in China"

According to the Securities Times, the Central Economic Work Conference pointed out that it is necessary to expand high-level opening up and build the "Invest in China" brand. As one of the strongest engines of global growth, China's economy continues to grow, with GDP growing by 5.2% year-on-year in the first three quarters of this year. Against the backdrop of the overall slowdown in world economic growth, China remains a strong attraction to global investors, and "investing in China" is still the mainstream trend.

3. Economic Daily: Create a safe and transparent lending environment

The access of personal online loan information to the credit information system is an important step in improving the credit information system covering the whole society in China, which has a positive effect on preventing financial risks and promoting the healthy development of the financial industry. In this way, financial institutions can have a more comprehensive grasp of the credit status of borrowers and accurately assess their credit risks. With the full access of personal online loan information to the credit system, the bad debts and financial risks of online loans will be effectively reduced, and the operating costs of online loan platforms will also be reduced. Online lending rates, which have previously been pushed up due to higher financial risks, are expected to be lowered, reducing the cost of borrowing for consumers. It can be seen that the access of personal online loan information to the credit information system is both a constraint and a protection, so there is no need to misunderstand and panic.

4. Yu Xiaohui, President of the China Academy of Information and Communications Technology: The development of artificial intelligence will usher in a critical window period

At the 2024 China Academy of Information and Communications Technology (CAICT) ICT In-depth Observation Report Artificial Intelligence Partner Sub-Forum, Yu Xiaohui, President of the China Academy of Information and Communications Technology, said that MaaS (Model as a Service) and open source large models to accelerate enterprise intelligence will become the main form of large model applications, driving a sharp reduction in the application threshold. He also said that the innovation of large model technology will be further accelerated, new breakthroughs are expected to be made in multimodal giant intelligence, and the direction of general artificial intelligence is becoming clearer. "In the next few years, the development of artificial intelligence will usher in a critical window period. Yu Xiaohui said.

International News

1. Fund managers said that the interest rate hike cycle in Europe and the United States has come to an end

The end of 2023 is coming to an end, and 2024 is coming. Fund managers said that the interest rate hike cycle in Europe and the United States has come to an end, and interest rate cuts are expected to begin in 2024, and the global macro environment will turn loose. The A-share market is worth looking forward to in 2024, with major indices expected to show a volatile upward trend, and investment opportunities may increase significantly, and investors are advised to remain strategically positive.

2. Saudi Arabia's Minister of Energy and Japan's Minister of Economy and Trade met in Riyadh

Saudi Arabia's energy minister and Japan's economy and trade minister met in Riyadh, and both sides stressed the need for a stable oil market. According to the relevant statement, Japan and Saudi Arabia have signed a memorandum of understanding in the field of mining and mineral resources.

3. Shipping giant Maersk is preparing to resume shipping in the Red Sea

Shipping giant Maersk said on Sunday that it was preparing to resume shipping operations in the Red Sea and the Gulf of Aden thanks to the deployment of a joint escort operation led by the United States. Previously, the company suspended the passage of ships through the Bab el-Mandeb Strait in early December due to an attack on its vessels. Maersk said that as of December 24, they had received confirmation that Operation Prosperity Guardian (OPG), part of the previously announced multinational security initiative, has now been established and deployed to allow maritime trade through the Red Sea/Gulf of Aden and to reuse the Suez Canal as a gateway between Asia and Europe, and that they are preparing to allow ships to resume eastward and westward navigation through the Red Sea as the operation is implemented. Maersk said it would announce more details in the coming days. However, the company said that depending on the change in the safety situation, measures to divert ship traffic may be taken again.

4. Turkey has become the largest importer of Russian energy in the Western Hemisphere

Turkey became the largest importer of Russian energy in the Western hemisphere after many European countries stopped importing a large amount of their oil and gas from Russia. As a member of NATO, Turkey did not choose to oppose Russia because of the conflict between Russia and Ukraine, but deepened bilateral economic and trade cooperation.

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