January 8 Macroeconomic Index:The intersection of industrial upgrading and international relations

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Domestic News

1. General Office of the State Council: Industrial investment funds should support the transformation and upgrading of traditional industries, the cultivation and expansion of emerging industries, and the layout and construction of future industries

2. China's nuclear power: power generation in 2024 increased by 3.09% year-on-year

3. The Central Committee of the Communist Party of China and the State Council: Accelerate the development and application of pension technology and informatization, focusing on promoting the R&D and application of humanoid robots, brain-computer interfaces, artificial intelligence and other technical products

4. China Shipbuilding: Major asset restructuring was approved by the State-owned Assets Supervision and Administration Commission of the State Council and other competent authorities

5. The annual turnover of the futures market in 2024 increased by 8.93% year-on-year

 International News

1. Russia's crude oil production fell below the OPEC+ target in December

2. The United States has added a number of Chinese entities to the "Entity List" for export control, and the Ministry of Commerce responded: China firmly opposes this

3. Ministry of Commerce: Strongly dissatisfied with the US announcement to launch an investigation into the national security risks of information and communication technology and services for unmanned aerial systems of China and other countries, and firmly opposes it

4. Trump's appointed special envoy for Russia-Ukraine issue postponed his visit to Ukraine, Ukraine's response: The specific time is being determined

5. Damascus International Airport in Syria resumes international flights

Domestic News

1. General Office of the State Council: Industrial investment funds should support the transformation and upgrading of traditional industries, the cultivation and expansion of emerging industries, and the layout and construction of future industries

According to the Guiding Opinions, government investment funds are mainly divided into industrial investment funds and venture capital funds. Optimize the function of industrial investment funds. Industrial investment funds should play a leading role in industrial development, focus on improving the modern industrial system, support the transformation and upgrading of traditional industries, cultivate and expand emerging industries, lay out and build future industries, focus on investing in key links of the industrial chain and projects that extend the chain and strengthen the chain, promote the improvement of the resilience and safety of the industrial chain and supply chain, and build an internationally competitive industrial cluster. (Chinese government website)

2. China's nuclear power: power generation in 2024 increased by 3.09% year-on-year

China Nuclear Power announced that as of December 31, 2024, the company's cumulative commercial power generation capacity for the whole year of 2024 was 216.349 billion kWh, a year-on-year increase of 3.09%; The on-grid electricity was 203.923 billion kWh, a year-on-year increase of 3.28%. Among them, the power generation of nuclear power decreased by 1.80% year-on-year, and the on-grid electricity decreased by 1.83% year-on-year; The power generation of the new energy part increased by 42.21% year-on-year, and the on-grid electricity increased by 42.07% year-on-year. In 2025, the company's annual power generation target is 237 billion kWh, of which 195.4 billion kWh is planned for nuclear power and 41.6 billion kWh for new energy.

3. The Central Committee of the Communist Party of China and the State Council: Accelerate the development and application of pension technology and informatization, focusing on promoting the R&D and application of humanoid robots, brain-computer interfaces, artificial intelligence and other technical products

The Central Committee of the Communist Party of China and the State Council issued opinions on deepening the reform and development of pension services. The opinions put forward to speed up the development and application of pension technology and informatization. Research and set up major national science and technology projects related to elderly care services, focusing on promoting the R&D and application of humanoid robots, brain-computer interfaces, artificial intelligence and other technical products. Deepen the national demonstration of smart and healthy elderly care applications, promote smart homes and smart health products, and explore and carry out early warning and prevention services for home care safety risks. Improve the national unified information platform for pension services, and promote the docking of supply and demand for pension services. Coordinate the implementation of the national population census, sampling surveys and other work, form a unified database of the elderly and pension services, and strengthen the connection with the national basic population information database.

4. China Shipbuilding: Major asset restructuring was approved by the State-owned Assets Supervision and Administration Commission of the State Council and other competent authorities

China Shipbuilding announced that it intends to issue A shares to all shareholders of China Heavy Industry by way of share exchange to absorb and merge China Heavy Industry, which constitutes a major asset restructuring. Recently, the State-owned Assets Supervision and Administration Commission of the State Council and other competent authorities issued relevant approval opinions, agreeing in principle to the overall plan of this transaction.

5. The annual turnover of the futures market in 2024 increased by 8.93% year-on-year

According to data released by the China Futures Association on January 7, 2025, the turnover of China's futures market in 2024 was 619.26 trillion yuan, a year-on-year increase of 8.93%. As of the end of November 2024, there were 2,489,800 effective customers in the whole market, with a total capital of 1.73 trillion yuan, an increase of 12.86% and 14.97% respectively from the beginning of the year.

International News

1. Russia's crude oil production fell below the OPEC+ target in December

According to people familiar with the data from the Russian Energy Ministry, Russian data showed that the country's crude oil production in December was below the OPEC+ target. Last month's crude oil production was 8.971 million barrels per day, 7,000 barrels per day lower than the country's promised December output.

2. The United States has added a number of Chinese entities to the "Entity List" for export control, and the Ministry of Commerce responded: China firmly opposes this

In response to a reporter's question on the inclusion of a number of Chinese entities in the "Entity List" for export control, the spokesperson of the Ministry of Commerce said that China has taken note of the relevant situation. China firmly opposes the US inclusion of 11 Chinese entities on the "Entity List" for export control on the grounds of so-called military involvement. For a long time, the US has broadened the concept of national security, abused export control measures, suppressed and contained entities of other countries, seriously undermined the legitimate rights and interests of relevant entities, undermined the security and stability of global industrial and supply chains, and hindered the recovery and development of the world economy. China urges the US to immediately stop its erroneous practices and will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese entities. (Ministry of Commerce)

3. Ministry of Commerce: Strongly dissatisfied with the US announcement to launch an investigation into the national security risks of information and communication technology and services for unmanned aerial systems of China and other countries, and firmly opposes it

In response to a reporter's question on the announcement by the U.S. Department of Commerce on the launch of an investigation into the national security risks of information and communication technology and services for unmanned aerial systems of China and other countries, the spokesperson of the Ministry of Commerce said that China noted that on January 3, 2025, U.S. time, the U.S. Department of Commerce announced the launch of an investigation into the national security risks of information and communication technology and services for unmanned aerial systems of China and other countries. China strongly deplores this and resolutely opposes it. In the absence of factual basis, the US unfounded suspicion that the unmanned aerial systems of China and other countries have information security risks, which is extremely irresponsible. This is a blatant generalization of the concept of national security and the abuse of state power to suppress industries in other countries, which will interfere with the stability and smoothness of global industrial and supply chains and harm the legitimate rights and interests of consumers, including US users. China will closely follow the development of the situation and urge the US side to respect objective facts and immediately stop its erroneous practices.

4. Trump's appointed special envoy for Russia-Ukraine issue postponed his visit to Ukraine, Ukraine's response: The specific time is being determined

Ukrainian Foreign Minister Andrei said that Keith, the special envoy for Russia-Ukraine issue appointed by US President-elect Donald Trump, will visit Ukraine at an "appropriate time", and the two sides are currently finalizing the date of the visit. Andrei said Keith's visit is very important for Ukraine.

5. Damascus International Airport in Syria resumes international flights

The Syrian News Agency reported on January 7 that a passenger plane carrying 145 passengers was flying from Damascus International Airport in Syria to Sharjah International Airport in the United Arab Emirates on the same day. This marks the resumption of international flights at Damascus International Airport after the political upheaval in Syria last December. On December 8, 2024, the Syrian Liberation Forces, al-Sham, announced "control of Damascus and the overthrow of the Assad regime." Airports in Damascus, Aleppo and other places in Syria were temporarily suspended. On December 10, the Syrian transitional government officially took over power, and Damascus International Airport resumed domestic flights on the 18th of that month.

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