Goldman Sachs expects the average price of iron ore to be 95 USD/ton in 2025 and 90 USD/ton in 2026.Xie Feng, Ambassador of China to the United States: It is unwise to underestimate China, and it is not true to criticize China, and it will not succeed to contain China. According to the official of the Chinese Embassy in the United States, on December 11, 2024, u.s.-china business council held the 2024 annual celebration dinner in Washington. In his speech, Xie Feng said that China's economic operation is generally stable, progressing steadily, and it is confident to stabilize the market and prevent risks, with high-quality development and vitality, and there is potential for sustained recovery. In the first three quarters of this year, China's GDP increased by 4.8% year-on-year, which not only ranked among the major economies in terms of growth rate, but also increased the "gold content", "new content" and "green content" of economic development, ranking 11th in the global innovation index. As the package of incremental policies continued to show remarkable results, the growth rate of consumption, investment and export in October picked up, the real estate transaction volume rose one after another, the manufacturing purchasing managers' index returned to the boom zone, and the turnover of tens of thousands of brands in the "double 11" shopping festival doubled. Xie Feng emphasized that China's economy has always been growing under the challenges of wind and rain, and it is confident to achieve its economic growth target this year. Next year, it will implement more active macro policies to prevent and resolve risks in key areas and external shocks, and it will remain the biggest engine of world economic growth in the future. The sea can't be stirred, and it always rushes. It is unwise to underestimate China, it is not true to criticize China, and it is even more impossible to contain China.Li Tie's case was pronounced in the first instance today. The Procuratorate of Xianning City, Hubei Province accused Li Tie of five crimes, including bribery, bribery by the unit, bribery by non-state staff and bribery of non-state staff. It is understood that today, the court will make a first-instance judgment on this case. At present, the police car escorting Li Tie has entered the Xianning Intermediate People's Court. (CCTV News)
Guotai Junan: The liquor sector is determined to be ahead of growth, paying attention to the trend of price approval and the orientation of head liquor enterprises. Guotai Junan said that the liquor reporting end began to enter a downward period in 2024Q2, and the bottom shock is expected in 2025H1. Sales are slowing down, inventory is passively rising, and the approval price is expected to be relatively weak. The Spring Festival in 2025 will experience a stress test period. In terms of price, real estate liquor > high-end > secondary high-end. After this round of adjustment, real estate liquor is expected to recover first, followed by high-end liquor, and the secondary high-end liquor is expected to recover for a long period.Broadcom: The artificial intelligence semiconductor business will surpass other businesses.The probability that the Fed will cut interest rates by 25 basis points in December is 94.7%. According to CME's "Fed Watch", the probability that the Fed will keep the current interest rate unchanged by December is 5.3%, and the cumulative probability of cutting interest rates by 25 basis points is 94.7%. The probability of keeping the current interest rate unchanged by January next year is 4.1%, the probability of cutting interest rates by 25 basis points is 73.7%, and the probability of cutting interest rates by 50 basis points is 22.3%.
Broadcom said that the market size of the company's artificial intelligence (AI) accelerator is expected to be $15 billion to $20 billion next year.Shanghai's "trade-in" has driven consumption to exceed 10 billion yuan. According to the statistics of Shanghai Jiaodian Household Appliances Business Association, as of December 11, Shanghai's household appliances consumption subsidy activities have achieved remarkable results, and the number of people participating in the trade-in of household appliances in Shanghai has exceeded 3.57 million. The sales of eight categories of household appliances, including air conditioners, computers and refrigerators, covered by the state subsidy increased by 30%-40% year-on-year. During the implementation of the policy, the cumulative amount of subsidies reached 1.165 billion yuan, and the consumption of household appliances and household products by all platforms exceeded 10 billion yuan. (Liberation Daily)The dual platform of transaction detection has landed in Henan to cultivate the diamond industry to a higher level. Recently, the Zhengzhou International Trading Center for Cultivating Diamonds (to be established) and the Henan Laboratory of Jewelry National Inspection Group, which are jointly established by China Jewelry and Jade Jewelry Industry Association and Jewelry National Inspection Group, were officially unveiled in Zhengzhou Airport Area, marking a key step in cultivating the industrial layout of diamonds in Henan Province, which is of great significance for promoting regional economic development and industrial upgrading. "With unified and authoritative product standards, the market can establish a sound pricing mechanism and further promote the extension of the industrial chain." During the interview, people in the industry told the reporter of Company E that this time, the Jewelry National Inspection Group landed in Henan, which will further provide inspection services close to the place of origin, reduce the cost of cultivating diamonds and establish professional evaluation standards. At the same time, the trading center will also set up a platform to cultivate the diamond price trading index, standardize the market pricing system, and stabilize prices and market supply and demand. In the future, Zhengzhou Airport Port Area will also rely on the trading center to build and cultivate the downstream industrial chain layout of diamond processing, design and inlay in the area, and base on the advantages of the airport to maximize the value of the industrial chain.