November 22th Macroeconomic Index:Quality improvement of small and micro enterprises, AI empowered industry, new trends in global nuclear power and the latest developments in geopolitics

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Domestic News

1. Focus on enhancing the quality competitiveness of small and micro enterprises! CNCA issued an action plan

2. The Ministry of Industry and Information Technology held the seventh round table meeting of small and medium-sized enterprises

3. The passenger throughput of Capital Airport exceeded 60 million

4. Anhui: In October, the added value of the province's industrial enterprises above designated size increased by 9.6% year-on-year

5. China's total output of aquatic products has ranked first in the world for 35 consecutive years

 International News

1. AI drives the development of nuclear power in the United States, and SMR may become a new development trend

2. The Ukrainian side's claim that "Ukraine will be subjected to large-scale air strikes" is false information, and the US Embassy in Ukraine will resume operations

3. Japan plans to launch an economic stimulus plan of about 21.9 trillion yen

4. The DPRK and Russia signed the protocol of the 11th meeting of the Intergovernmental Committee on Trade, Economic, Scientific and Technological Cooperation

5. The reactor of Unit 3 of Mihama Nuclear Power Plant in Japan was restarted

Domestic News

1. Focus on enhancing the quality competitiveness of small and micro enterprises! CNCA issued an action plan

The CNCA issued an action plan for improving the quality management system certification of small and micro enterprises, focusing on enhancing the quality competitiveness of small and micro enterprises. According to the promotion action plan, the market supervision department and the certification body should carry out a survey on the quality of products and services of small and micro enterprises, screen enterprises with "strong willingness to improve and great potential for promotion" and establish a support account, promote the sinking of professionals and professional technology, and guide enterprises to systematically improve the level of quality management. At the same time, industry organizations and certification bodies are encouraged to explore the formulation of grading and certification standards for quality management systems for small and micro enterprises.

2. The Ministry of Industry and Information Technology held the seventh round table meeting of small and medium-sized enterprises

Jin Zhuanglong, Minister of Industry and Information Technology, presided over the seventh small and medium-sized enterprise round table meeting on November 21, focusing on supporting the development of small and medium-sized enterprises in the field of artificial intelligence and promoting artificial intelligence-enabled new industrialization. Jin Zhuanglong emphasized that small and medium-sized enterprises are an important new force in the development of the artificial intelligence industry, with active innovation and great potential. It is hoped that all entrepreneurs will take the initiative to integrate into the national strategy, benchmark against the world's first-class, adhere to the path of specialization, refinement, and innovation, strive to create "unique skills", forge differentiated advantages, and continuously improve the core competitiveness of China's artificial intelligence industry.

3. The passenger throughput of Capital Airport exceeded 60 million

On November 20, 2024, the passenger throughput of Capital Airport exceeded 60 million this year, a year-on-year increase of 29%, of which domestic passengers accounted for 78%, a year-on-year increase of 17%, and international and regional passengers accounted for 22%, a year-on-year increase of 103%, showing strong growth momentum in both domestic and foreign aviation markets. Since the beginning of this year, the passenger flow of the capital airport has continued to grow, and the peak daily passenger volume has approached 230,000, a record high in four years.

4. Anhui: In October, the added value of the province's industrial enterprises above designated size increased by 9.6% year-on-year

According to the Anhui Provincial Bureau of Statistics, in October, the added value of the province's industrial enterprises above designated size increased by 9.6% year-on-year, 4.3 percentage points higher than the national level. In terms of the three major categories, the added value of the mining industry increased by 1 percent, the manufacturing industry increased by 10.7 percent, and the production and supply of electricity, heat, gas and water increased by 6.7 percent. The added value of the equipment manufacturing industry increased by 18 percent, and the added value of the high-tech manufacturing industry increased by 26.6 percent. In terms of economic types, the added value of state-controlled enterprises increased by 4.4 percent; joint-stock enterprises increased by 9.8 percent, and foreign-funded enterprises and enterprises with investment from Hong Kong, Macao and Taiwan increased by 8.5 percent; The private sector grew by 3.8 percent.

5. China's total output of aquatic products has ranked first in the world for 35 consecutive years

According to the Ministry of Agriculture and Rural Affairs, China's fishery modernization has accelerated, and the total output of aquatic products has ranked first in the world for 35 consecutive years. Data show that in 2023, China's total output of aquatic products reached 71.16 million tons, ranking first in the world for 35 consecutive years. Behind the high output, thanks to the fact that in recent years, China's aquatic products have adhered to the principle of "breeding-oriented". Deep-sea, industrialized, land-based recirculating aquaculture, aquaponics and other facility fisheries have developed rapidly.

International News

1. AI drives the development of nuclear power in the United States, and SMR may become a new development trend

CITIC Securities pointed out that the rapid development of nuclear power in the United States has been driven by the superposition of AI energy demand and carbon reduction goals, and Internet companies have frequently signed long-term power purchase agreements with nuclear power operators in recent years. SMR (Small Modular Reactor) has the characteristics of small footprint, more modular design, and factory construction, which can further reduce the project cost of nuclear power plants, and improve the overall profitability of the project while meeting the small local power supply demand.

2. The Ukrainian side's claim that "Ukraine will be subjected to large-scale air strikes" is false information, and the US Embassy in Ukraine will resume operations

According to Reuters and other foreign media reports, the U.S. Embassy in Ukraine said on the 20th local time that it was closed due to the threat of large-scale air strikes. On the same day, the Main Intelligence Directorate of the Ministry of Defense of Ukraine said that the information that appeared on the network about "Ukraine will be subjected to massive air strikes" was false information. Later in the evening, US State Department spokesman Matthew Miller said that the US Embassy in Ukraine will resume normal operations on November 21 local time. According to reports, the Main Intelligence Directorate of the Ministry of Defense of Ukraine claimed that the information previously released in the name of the agency about Russia's intensive strikes on Ukraine was an information war on the Russian side.

3. Japan plans to launch an economic stimulus plan of about 21.9 trillion yen

Japanese Prime Minister Shigeru Ishiba will unveil a 21.9 trillion yen stimulus package to address a series of challenges such as inflation and wage growth. The plan will include the allocation of 13.9 trillion yen from the general account for expenditure. The scale is slightly larger than last year's fiscal expenditure plan of 21.8 trillion yen. Together with private sector spending, the overall impact of the plan is expected to be around 39 trillion yen. The proposed plan is expected to be approved by the Cabinet on Friday.

4. The DPRK and Russia signed the protocol of the 11th meeting of the Intergovernmental Committee on Trade, Economic, Scientific and Technological Cooperation

On November 20, local time, Yoon Chung-ho, Chairman of the DPRK Chairman of the DPRK-Russia Intergovernmental Committee on Trade, Economic, and Scientific and Technological Cooperation, and DPRK Foreign Economic Minister, and Alexander Kozlov, Chairman of the Russian Chairman of the DPRK-Russia Intergovernmental Committee on Trade, Economic, Scientific and Technological Cooperation, and Minister of Natural Resources and Ecology of Russia, signed the Protocol of the 11th Meeting of the Government of the Democratic People's Republic of Korea and the Intergovernmental Committee on Trade, Economic, Scientific and Technological Cooperation of the Russian Federation on behalf of the DPRK and Russia. The signing ceremony was held at the Mansudae Assembly Hall.

5. The reactor of Unit 3 of Mihama Nuclear Power Plant in Japan was restarted

The reporter learned on the 21st local time that Japan's Kansai Electric Power Company restarted the operation of the reactor of Unit 3 of the Mihama Nuclear Power Plant in Mihama Town, Fukui Prefecture. On October 5, Kansai Electric Power Company confirmed that salt appeared in two places on the cooling pipes of the reactor peripheral equipment of the unit, and on the 10th, it was found that there were small holes in the pipes, and some pipe walls were thinned. On October 15, Kansai Electric Power Company stopped the operation of the Mihama Nuclear Power Plant's Unit 3 reactor. After replacing the pipeline, Kansai Electric Power Company restarted the reactor operation of the unit in the early morning of the 21st.

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