1.According to data released by the National Bureau of Statistics, from January to November, industrial enterprises above designated size in China achieved a total profit of 6667.48 billion yuan, a year-on-year decrease of 4.7%. State owned holding enterprises achieved a total profit of 2038.77 billion yuan, a year-on-year decrease of 8.4%; Joint stock enterprises achieved a total profit of 5014.3 billion yuan, a decrease of 5.7%. In November, the profits of industrial enterprises above designated size decreased by 7.3% year-on-year.
2.According to data from the Ministry of Finance, from January to November, the total operating revenue of state-owned enterprises was 74897.1 billion yuan, a year-on-year increase of 1.3%. The total profit was 3848.59 billion yuan, a year-on-year decrease of 0.1%. The payable taxes and fees amounted to 5274.18 billion yuan, a year-on-year decrease of 0.3%. At the end of November, the asset liability ratio of state-owned enterprises was 64.9%, unchanged from the previous year.
3.The Ministry of Transport stated that the 2025 Spring Festival travel rush will begin on January 14th and end on February 22nd, lasting for a total of 40 days. Based on comprehensive analysis, the daily peak of cross regional personnel flow and highway traffic volume in the whole society may reach a historic high. We have established a specialized team for comprehensive transportation during the Spring Festival travel rush in conjunction with relevant departments, and will spare no effort to achieve the goals of "safe Spring Festival travel rush, convenient Spring Festival travel rush, and warm Spring Festival travel rush".
4.The Ministry of Public Security recently released a newly revised "Regulations on the Application and Use of Motor Vehicle Driver's Licenses", which extends the upper age limit for applying for large and medium-sized passenger and freight vehicle driver's licenses from 60 years old to 63 years old, and the upper age limit for permitted driving models of large and medium-sized passenger and freight vehicles from 60 years old to 63 years old. It will be implemented from January 1st, 2025.
5.According to data from the Ministry of Finance, in November, a total of 52.706 billion yuan worth of lottery tickets were sold nationwide, a year-on-year increase of 4.3%. Among them, welfare lottery institutions sold 16.892 billion yuan, a year-on-year decrease of 0.3%; Sports lottery institutions sold 35.814 billion yuan, a year-on-year increase of 6.6%.
6.Omdia predicts that server capital expenditures will increase by 22% and exceed $280 billion next year. It is expected that this strong growth will continue for the entire decade, with the server market projected to reach $380 billion by 2028 and nearly $500 billion by 2030.
7. TAccording to a report by Luotu Technology, the online sales of AR glasses reached 16000 and 26000 units in October and November respectively, with a sales increase of 40.3% in November, accounting for over 70% of the XR device market share in that month. The sales of smart audio glasses on traditional mainstream e-commerce platforms in China were 14000 and 17000 units, respectively, an increase of 23.7% and 12.4% year-on-year. By 2025, the sales penetration rate of AI functions in the smart glasses market will exceed 60%.
8.BYD announced that from December 27th to January 26th, 2025, the second generation Song Pro DM-i will have a limited time starting price as low as 99800 yuan, and the Qin PLUS EV Honor Edition will have a limited time discount of 10000 yuan. After the discount, the starting price will also be 99800 yuan. At the same time, the maximum replacement subsidies for the two models reached 24000 yuan and 25000 yuan respectively.
9.On December 27th local time, the South Korean National Assembly passed the impeachment case against Acting President Han Deok soo with 192 votes in favor, and Choi Sang mu, who serves as the Deputy Prime Minister of the South Korean economy and Minister of Planning and Finance, will take over the presidency.
10.On December 27th, Japan held a headquarters meeting to promote global warming measures and approved the revised plan for global warming measures, which proposed a new greenhouse gas reduction target of "reducing emissions by 60% from 2013 in 2035 and 73% from 2040".
