Here's what happened in China's markets last trade day (12/21):
1. BYD's Breakthrough in EV Charging Technology
BYD achieves the world's first full-scene intelligent pulse self-heating technology for electric vehicles, enabling quick charging in extremely low temperatures. Key points:
- Addresses challenges in cold weather charging.
- Self-heating during charging and in cold weather when the vehicle is parked.
BYD achieves the world's first full-scene intelligent pulse self-heating technology for electric vehicles, enabling quick charging in extremely low temperatures. Key points:
- Addresses challenges in cold weather charging.
- Self-heating during charging and in cold weather when the vehicle is parked.
2. Surge in Home Sales in China's Major Cities
China's top 30 cities witness a 6% week-on-week increase in new home sales following recent easing measures. Highlights:
- Beijing and Shanghai experience significant spikes in average daily sales (122% and 41%, respectively).
- Lower downpayment requirements attract wealthier buyers.
$Global X MSCI China Real Estate ETF(CHIR.US$
- Beijing and Shanghai experience significant spikes in average daily sales (122% and 41%, respectively).
- Lower downpayment requirements attract wealthier buyers.
$Global X MSCI China Real Estate ETF(CHIR.US$
3. Faster-than-Expected Growth in China's Retail Sales
China's total retail sales grow 10.1% in November, reaching RMB 4.25 trillion. Details:
- Boosted by Singles' Day and strong online retail sales (11% growth).
- Express delivery orders surge 32%, indicating increased lower-ticket item purchases.
$TENCENT(00700.HK$ $Tencent(TCEHY.US$ $BABA-SW(09988.HK$ $Alibaba(BABA.US$ $JD.com(JD.US$ $JD-SW(09618.HK$ $MEITUAN-W(03690.HK$
- Boosted by Singles' Day and strong online retail sales (11% growth).
- Express delivery orders surge 32%, indicating increased lower-ticket item purchases.
$TENCENT(00700.HK$ $Tencent(TCEHY.US$ $BABA-SW(09988.HK$ $Alibaba(BABA.US$ $JD.com(JD.US$ $JD-SW(09618.HK$ $MEITUAN-W(03690.HK$
4. PBOC Directs Lower Deposit Rates to Boost Spending
China's central bank issues a directive to lower deposit rates, aiming to stimulate spending. Key points:
- Banks to reduce deposit rates by 10-25 basis points.
- Targets excess savings, helps banks restore net interest margins.
$中国金融指数ETF-Global X(CHIX.US$
- Banks to reduce deposit rates by 10-25 basis points.
- Targets excess savings, helps banks restore net interest margins.
$中国金融指数ETF-Global X(CHIX.US$
5. Beijing's Move to Reduce Costs of Imported Life-Saving Drugs
Ministry of Finance announces tariff changes for 2024 to lower costs of imported cancer and rare disease drugs. Highlights:
- Zero tariffs for certain anti-cancer drugs and raw materials.
- Tariff reductions for critical resources, including lithium chloride and fluorspar.
- Zero tariffs for certain anti-cancer drugs and raw materials.
- Tariff reductions for critical resources, including lithium chloride and fluorspar.
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Btan : Tesla is doomed
SpineeOP Btan:
102332870 : just do battery swap