The Turkish Foreign Ministry said that Minister Feidan was in Turkey, after the Syrian Ministry of Information said earlier that he was in Damascus.The director of the Federal Aviation Administration will step down on Trump's swearing-in day, and the director of the Federal Aviation Administration (FAA) plans to step down on January 20, Trump's presidential swearing-in day. In a letter to employees issued by the FAA Information Office, Michael Whitaker announced his decision to leave. Whitaker has only been in office for more than a year. In October 2023, his nomination as director of FAA was unanimously approved by the Senate. Mark House, Assistant Director of Finance and Management of FAA, will serve as Acting Deputy Director.Unica: In the second half of November, the sugar production in central and southern Brazil was 1.084 million tons. According to UNICA, the sugar production in central and southern Brazil reached 1.084 million tons in the second half of November, which was 23% lower than the same period last year. The amount of sugarcane crushed was 20.35 million tons, down by 15.2% compared with the same period of last year. Ethanol production was 1.19 billion liters, down 5.18% year-on-year. 44.89% of sugarcane juice was used for sugar production, compared with 46.54% in the same period of last year.
The gap between Italian and German government bond yields widened to 111 basis points, the highest level in a week.The test drive of Jiyue Direct Store is locked and can't be tested. "The test drive has been locked and can't be tested. It is meaningless to see the car now." On December 12, a staff member of a Jiyue Auto Direct Store in Minhang District, Shanghai told reporters. When asked about vehicle maintenance and after-sales, the staff did not give an answer and immediately walked into the office. In fact, since December 10th, there have been news that "the shareholders of Extreme Vietnam will no longer invest" and "Extreme Vietnam will close the vehicle business". Xia Yiping, CEO of Jiyue Automobile, explained in an internal meeting on December 12 that the company's account has been frozen, but it is still seeking financing. The company has not shut down or closed down, and the warranty and software services of the whole vehicle will not be interrupted. (Shell Finance)Zhu Keli, executive director of China Information Association: Boosting consumption ranks first in the key work next year. Zhu Keli, executive director of China Information Association and founding president of the National Research Institute of New Economics, told reporters that boosting consumption is the top priority of economic work next year, ranking first in the key work next year, which is based on the new changes and new demands of the current economic situation. Among the specific measures to boost consumption, the highlights include the implementation of the special action to boost consumption, the implementation of the "two new" policy, and greater support for the "two new" projects. These measures are aimed at promoting consumption growth in an all-round way by optimizing the consumption environment, increasing consumption supply and improving consumption quality. (SSE)
Lian Ping, Dean and Chief Economist of Guangkai Chief Industry Research Institute: It is expected that deficit ratio will be allocated 4%-4.5% next year, and its finance will be more active to meet the current economic needs. (Xinhua Finance)Li Guangzi, director of the Banking Research Office of the Institute of Finance of China Academy of Social Sciences: The risk of small and medium-sized financial institutions is the focus of risk disposal in the coming period. Li Guangzi, director of the Banking Research Office of the Institute of Finance of China Academy of Social Sciences, told reporters that with the implementation of the policy package to resolve local government debt risks, the local government debt risks have obviously converged recently. In contrast, risks in real estate and small and medium-sized financial institutions are still outstanding. In this context, the meeting took the risks of real estate and small and medium-sized financial institutions as the focus of risk disposal in the coming period, which made clear the focus and pointed out the direction for further financial risk disposal. Especially in the field of real estate, because of its long adjustment cycle and wide coverage, it is still the top priority of risk disposal. (SSE)Luo Zhiheng, chief economist of Yuekai Securities: Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. The Central Economic Work Conference proposed to implement a more active fiscal policy. Improve the fiscal deficit ratio, and ensure that the fiscal policy will continue to exert more efforts. Luo Zhiheng, chief economist of Yuekai Securities, said that the fiscal policy continued the general tone of "positive", which reflected the stability and continuity of the policy, but emphasized "more positive", which was mainly reflected in the increase of deficit ratio and the scale of special bonds and ultra-long-term special government bonds. It is expected that the scale of fiscal expenditure will be significantly increased and the growth rate of fiscal expenditure will be increased next year. The generalized deficit ratio probability in 2025 is higher than that in 2024. In his view, the narrow sense of deficit ratio has a high probability of exceeding 3%, and the improvement of deficit ratio has special significance, which can achieve triple effects. First, the increase in deficit ratio means a further increase in the deficit scale, which is conducive to expanding expenditure, strengthening the ability of fiscal countercyclical adjustment, better preventing risks, benefiting people's livelihood and stabilizing growth. Second, deficit ratio is different from other financial instruments, and the public pays great attention to deficit ratio and its changes. Therefore, fiscal policy should use limited "bullets" to stabilize expectations, and the same fiscal stimulus scale should be reflected in deficit ratio as much as possible. Deficit ratio can better convey policy intentions and has strong policy signal significance; Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. Third, the high probability of deficit is still dominated by central government bonds. The form of transfer payment can better ensure the stability of grassroots financial resources and increase the disposable degree of local financial resources, which is conducive to the local government's "three guarantees" work. (SSE)
Strategy guide 12-14
Strategy guide
Strategy guide 12-14