March 6th Macroeconomic Index: Shenzhen Airport Sees Strong Recovery in Southeast Asian Market, Guangdong Supports Listed Companies

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Domestic News

1. Shenzhen Airport: Visa-free benefits continue to be released, and the Southeast Asian market is recovering strongly

2. Guangdong carried out the second round of visits to listed companies to continue to promote the high-quality development of listed companies

3. Ministry of Foreign Affairs: The Philippine side has once again violated the rights and provoked incidents in the waters of China’s Ren'ai Jiao, seriously violating China's territorial sovereignty and maritime rights and interests

4. Zhang Yuzhuo of the State-owned Assets Supervision and Administration Commission: Conduct separate assessments of the new energy vehicle business of the three central auto enterprises

International News

1. Assistant to the President of Russia: The West is trying to undermine and weaken the BRICS mechanism

2. United Nations World Meteorological Organization: El Niño will cause global temperatures to be higher than normal from March to May

3. Japan announced the end of public funding for Covid-19 treatment at the end of March

4.Agency: Shipments in the African smartphone market increased by 24% year-on-year in the fourth quarter of 2023  

Domestic News

1. Shenzhen Airport: Visa-free benefits continue to be released, and the Southeast Asian market is recovering strongly

Shenzhen Airport said in a recent survey by the agency that with the continuous release of visa-free benefits, the popularity of "Singapore-Malaysia-Thailand" inbound and outbound tourism has risen, and the passenger volume of routes from Shenzhen to Singapore, Bangkok, Kuala Lumpur, and Sabah has increased significantly compared with the same period in January, and the Southeast Asian market has recovered strongly.

2. Guangdong carried out the second round of visits to listed companies to continue to promote the high-quality development of listed companies

A few days ago, a national video conference on "Visiting Listed Companies and Promoting the High-quality Development of Listed Companies" was held in Beijing. Guangdong Province conscientiously implemented the deployment of the meeting, and continued to carry out the second round of visits to listed companies on the basis of visiting and surveying a number of listed companies such as WENS, Rongjie, and EVE Lithium Energy in the early stage, further increased the support for high-quality listed companies, and coordinated and solved the practical difficulties and problems encountered by enterprises in production and operation. On March 5, relevant leaders of the Guangdong Securities Regulatory Bureau, the Zhuhai Municipal Government and the Jinwan District Government of Zhuhai City walked into Tomson Beijian for field research. In the next step, Guangdong Province will continue to organize and carry out visits and surveys of listed companies, listen to needs face-to-face, solve problems, and do practical things, release a signal of strong support for listed companies to become better and stronger, guide listed companies to strengthen their confidence in development, improve the quality of development, and enhance the company's investment value with excellent business performance and good corporate image.

3. Ministry of Foreign Affairs: The Philippine side has once again violated the rights and provoked incidents in the waters of China’s Ren'ai Jiao, seriously violating China's territorial sovereignty and maritime rights and interests

In response to the inquiry, spokesperson Mao Ning said: I believe you have also noticed that the spokesperson of the China Coast Guard has issued a statement to illustrate the relevant situations. China's position on the Ren'ai Jiao issue has been consistent and clear. For some time now, China and the Philippines have maintained communication on properly managing the situation at Ren'ai Jiao, and the Philippine side has once again violated its commitments to China by violating the rights and provoking incidents in the waters of China’s Ren'ai Jiao, seriously infringing on China's territorial sovereignty and maritime rights and interests. China once again urges the Philippines to stop its maritime violations and provocations and refrain from taking any actions that may complicate the maritime situation. China will continue to firmly safeguard its territorial sovereignty and maritime rights and interests in accordance with domestic and international law.

4. Zhang Yuzhuo of the State-owned Assets Supervision and Administration Commission: Conduct separate assessments of the new energy vehicle business of the three central auto enterprises

Zhang Yuzhuo, director of the State-owned Assets Supervision and Administration Commission, said in an interview that recently, we have launched the action plan for the development of industrial chain integration, which will be used as a normalized work this year, and we’ll often publish some industrial chain integration lists to promote the coordinated development of enterprises of all types of ownership. All of this needs to have some good policy. From the perspective of state-owned assets supervision, the main purpose is to encourage enterprises to innovate boldly and break down some institutional and mechanical obstacles that affect high-quality development. For example, about new energy vehicles, state-owned auto enterprises’ development is not fast enough in this field, we adjust the policy and decide to conduct separate assessment of new energy vehicle business for the three central auto enterprises.

International News

1. Assistant to the President of Russia: The West is trying to undermine and weaken the BRICS mechanism

TASS reported on March 5 local time that Russian presidential assistant Ushakov said in an interview on Russia's chairmanship of the BRICS that the West is unabashedly jealous of the expansion of the BRICS mechanism and is trying to undermine and weaken the BRICS mechanism. Ushakov said that the BRICS mechanism and the objective process of creating a new world pattern itself always have a number of opponents who are trying to slow down the process. But the BRICS mechanism is not an anti-West organization. In addition, the BRICS countries do not intend to hold military exercises, but have a broad agenda for political and security cooperation.

2. United Nations World Meteorological Organization: El Niño will cause global temperatures to be higher than normal from March to May

El Niño, which peaked in December last year, is one of the five strongest phenomena on record, and is expected to cause higher-than-normal global temperatures from now to May, the United Nations said on March 5. The United Nations World Meteorological Organization said that although El Niño is now gradually weakening, its effects will continue in the coming months as greenhouse gases exacerbate the heat in the atmosphere. The World Meteorological Organization also said that a La Niña phenomenon is possible later this year, but it is uncertain yet.

3. France released a list of French military assistance to Ukraine over the past two years

At a press conference after the Cabinet meeting on March 5, Takemi Keizo, Japan's Minister of Health, Labor and Welfare, announced that public support for COVID-19 treatment and medical supply systems will end by the end of March. 10%-30% cost of treatment drugs will be borne by the individual according to the proportion of the medical expenses window, and the subsidy for hospitalization expenses and the cost of securing hospital beds provided to medical institutions will also be discontinued. After April, it will be converted to a regular medical system. The cost of COVID-19 treatment was initially fully covered by the public fund. After the coronavirus was changed to five categories under the Infectious Diseases Act in May last year, Japan reduced its public support. At present, for those people who bear 30% of treatment drugs cost are 9,000 yen (about 430 yuan) for a fixed amount of one treatment.

4. The Vice President of the United States calls for an immediate ceasefire in Israel and is pushing for an agreement before Ramadan                                                                                                                                                                                                                                                                                      

According to a report by market research agency Canalys, the African smartphone market saw a significant recovery in the fourth quarter of 2023, with shipments reaching 19.2 million units, a year-on-year increase of 24%, and at South Africa, Nigeria and Egypt, it grew by 15%, 63% and 63% respectively. For the whole year of 2023, smartphone shipments in the region reached 68.7 million units, up 6% from 2022, due to the improvement in consumer confidence in the second half of 2023.

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